Enclosed the Investor Presentation

Gulshan Polyols Limited CIN: L24231UP2000PLC034918 Corporate Office: G-81, Preet Vihar, Delhi-110092, India Phone : +91 11 49999200 Fax : +91 11 49999202 E-mail : cs@gulshanindia.com Website: www.gulshanindia.com GPL\SEC\37\2026-27 August 06, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Service, Listing Department Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai Bandra (E), Mumbai Maharashtra- 400 001 Maharashtra-400 051 Scrip Code: 532457 Symbol: GULPOLY Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Investor Presentation on Unaudited Financial Results of the Company for the quarter ended June 30, 2026. The presentation is uploaded on the website of the Company at the link given below:- https://www.gulshanindia.com/Investor_Presentation.html This is for your information and records. Thanking you, Yours faithfully For Gulshan Polyols Limited Reetika Pant Company Secretary Regd. Off.: 9th K.M., Jansath Road, Muzaffarnagar, (U.P.) 251001, Ph.: (0131)32958800, Fax: (0131) 2661378 GULSHAN POLYOLS LIMITED INVESTOR PRESENTATION Q1 FY27 Earnings Update CONTENTS 01 02 03 04 05 APPENDIX PERFORMANCE COMPANY OVERVIEW HISTORIC BUSINESS SELECT FINANCIAL SNAPSHOT & GROWTH STRATEGY PERFORMANCE DATA Earnings Update | FY26 2 PERFORMANCE SNAPSHOT Performance update ▪ Ethanol segment: Current order book stands at ~19 crore litres, with confidence of securing additional allocations through upcoming government tenders o Feedstock availability remains favorable, supported by continued availability of FCI rice and improving domestic maize production, strengthening long-term raw material security ▪ Grain Processing: Industry fundamentals continue to improve, supported by better starch and fructose realizations, enhanced export competitiveness following the correction in maize prices, and ongoing operational efficiency initiatives ▪ Mineral processing segment: Continues to deliver stable operating performance, supported by long-standing customer relationships, healthy margins, and consistent cash flow generation ▪ Operational focus remains on enhancing asset utilization, improving procurement efficiencies, and mitigating commodity price volatility to strengthen profitability Quarterly financial performance – Q1 FY27 Annual financial performance - FY26 ₹646 Cr. ₹ 91 Cr. 14.2 % ₹ 2,314 Cr. ₹ 232 Cr. 10.0 %. (Q1 FY27) (Q1 FY27) (Q1 FY27) (FY26) (FY26) (FY26) INCOME EBITDA EBITDA Margin INCOME EBITDA EBITDA Margin 8% 135% 767 bps 14% 131% 504 bps (YoY) (YoY) (YoY) (YoY) (YoY) (YoY) ₹ 595 CR. ₹ 38 CR. 6.5% ₹ 2,025 CR. ₹ 100 CR. 5.0% (Q1 FY26) (Q1 FY26) (Q1 FY26) (FY25) (FY25) (FY25) ₹ 54 Cr. (Q1 FY27) 8.4%. (Q1 FY27) ₹ 107 Cr. (FY26) 4.6% (FY26) PAT PAT Margin PAT PAT Margin 307% 615 bps 334% 341 bps (YoY) (YoY) (YoY) (YoY) ₹ 13 CR. (Q1 FY26) 2.2% (Q1 FY26) ₹ 25 CR. (FY25) 1.2% (FY25) Earnings Update | Q FY27 4 Ethanol and distillery performance Financial performance Values in Cr Particulars FY24 FY25 FY26 Change Q1 FY26 Q1 FY27 Change UNIT 3 Revenue 493 1,187 1,609 36% 403 446 11% EBITDA 25 69 201 191% 31 81 160% UNIT 1 & 2 EBITDA Margin 5% 6% 12% 665 bps 8% 18% 1,036 bps Volume (in crore litres) 45% 62% 80% 74% 85% UNIT 1 UNIT 2 UNIT 3 Madhya Pradesh Madhya Pradesh Assam Capacity: 60 KLPD1 Capacity: 500 KLPD1 Capacity: 250 KLPD1 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Utilization Earnings Update | Q1 FY27 5 1. KLPD: Kilo litres per day Grain processing performance Revenue Q1 FY27 170 UNIT 2 Q1 FY26 167 UNIT 1 FY26 610 FY25 729 FY24 785 EBIDTA Q1 FY27 8 Q1 FY26 0 FY26 13 UNIT 1 UNIT 2 Gujarat Uttar Pradesh Capacity: 1,00,000 MTPA1 Capacity: 92,000 MTPA1 FY25 6 Produces sorbitol 70% solution and liquid glucose. Largest starch Established in 1980 in Muzaffarnagar, Uttar Pradesh, spans 50 acres derivatives export facility1; Holds Star Export House certification and continues to produce precipitated calcium carbonate FY24 13 Earnings Update | Q1 FY27 6 1. MTPA: Metric tonnes per annum Mineral processing performance HIMACHAL PRADESH RAJASTHAN UTTAR PRADESH UNIT - 1 GNCC2 and CCPG3 GCC4 - Coated and Uncoated Calcium carbonate (WGCC1) Capacity: 54,360 MTPA Capacity: 20,000 MTPA Capacity: 23,400 MTPA Revenue EBIDTA Q1 FY27 24 Q1 FY27 5 23% Q1 FY26 23 Q1 FY26 5 24% FY26 23 24% FY26 93 FY25 24 23% FY25 104 FY24 22 22% FY24 100 EBIDTA Margin Earnings Update | FY26 7 1. WGCC: Wet Ground Calcium Carbonate 2. GNCC: Ground Natural Calcium Carbonate 3. CCPG: Calcium Carbonate Pigment Grade 4. G CC: Ground Calcium Carbonate From the desk of Joint MD While quarterly margins may remain sensitive to ▪ Q1 FY27 marks a strong start to the year, reinforcing our transition from an raw material price movements, we expect operational efficiencies, disciplined procurement, investment-led phase to one focused on execution, optimization, and cash and higher asset utilization to support generation performance over the course of the year, and remain confident of achieving our FY27 guidance. ▪ Recent capacity investments are beginning to translate into stronger operating Ms. Aditi Pasari performance, improved earnings quality, and healthier free cash flows ▪ FY27 priorities remain clear: maximize asset utilization, enhance operational Joint MD Gulshan Polyols efficiencies, strengthen the balance sheet, reduce working capital intensity, and Limited improve cash generation ▪ The ethanol business continues to be the primary growth engine, supported by a favourable industry outlook, healthy order visibility, and sustained government commitment towards higher ethanol blending ▪ Grain processing has entered a gradual recovery phase, supported by improving industry fundamentals and ongoing operational efficiency initiatives ▪ The mineral chemicals business continues to provide stable cash flows and portfolio resilience, complementing the Company's growth businesses ▪ With major capital expenditure behind us, the focus has shifted to maximizing returns on invested capital, while laying the foundation for the next phase of growth through specialty and import-substitute chemicals from FY28 onwards Earnings Update | FY26 8 COMPANY OVERVIEW & GROWTH STRATEGY Multi-product, multi-location platform positioned to benefit from India’s ethanol push and specialty chemicals demand Diversified product portfolio Alcohol & distillery products Ethanol Grain processing Mineral processing Policy-led growth engine Market leadership and sticky demand Niche leadership and innovation Calcium carbonate products ▪ Grain-based ethanol specialist ▪ Leader in 70% sorbitol exports ▪ Top calcium carbonate producer ▪ Beneficiary of India's E20 mandate ▪ Star Export House (since 2016) ▪ Pioneer in on-site PCC plants ▪ Focused on using damaged food grains On-site PCC2 solutions ▪ Business model supports: Multiple end-use industries o Adoption of locally sourced grains FMCG1 (toothpaste, Starch sugars & native Plastics & personal care o Farmer income visibility sweeteners) starches o Sustainable agricultural practices o Lower crude oil import dependence Paints & paper Pharmaceuticals Agro-based animal feed Experience in years Export presence Processing capacity (MTPA) Ethanol capacity (KLPD) Manufacturing units FY26 total income FY26 EBIDTA margin 30+ 35+ 2,89,760 810 9+ ₹ 2,314 crs 10.0% Earnings Update | FY26 10 1. FMCG: Fast moving consumer goods 2. PCC: Precipitated calcium carbonate Evolution in a multi-segment specialty chemicals and biofuel platform (1/2) Incorporated as Gulshan Increased capacity of Increased capacity of IPO2 & Listing on BSE3 Increased capacity of Sugars and Chemicals Calcium Carbonate from Calcium Carbonate from Calcium Carbonate from Limited (GSCL) 2,100 MT to 10,500 MT1 10,500 MT to 22,500 MT 22,500 MT to 32,000 MT [Showing first 8,000 characters — download PDF for full document]