General information about company

Scrip code532457
NSE SymbolGULPOLY
MSEI SymbolNOTLISTED
ISININE255D01024
Name of the entityGULSHAN POLYOLS LIMITED
Date of start of financial year01-04-2022
Date of end of financial year31-03-2023
Reporting QuarterYearly
Date of Report31-03-2023
Risk management committeeApplicable
Market Capitalisation as per immediate previous Financial YearTop 1000 listed entities



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular ChairpersonYes
Whether Chairperson is related to MD or CEOYesDisqualification of Directors under section 164 of the Companies Act, 2013
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent statusWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
1MrCHANDRA KUMAR JAINAAFPJ9823K00062221Executive DirectorChairperson related to PromoterMD04-06-1948NoActiveNA20-10-20001010
2MsARUSHI JAINAAFPJ9824Q00764520Executive DirectorNot ApplicableMD05-08-1977NoActiveNA01-01-20101010
3MsADITI PASARIAARPJ4103C00120753Executive DirectorNot ApplicableMD21-05-1979NoActiveNA01-01-20101010
4MrASHWANI KUMAR VATSAAEPV2385D00062413Executive DirectorNot ApplicableCEO15-06-1962NoActiveNA30-10-20081000



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent statusWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
5MrAKHILESH KUMAR MAHESHWARIAADPM7810R00062645Non-Executive - Independent DirectorNot Applicable20-08-1964NoActiveNA01-04-201401-04-20191082121Textual Information(1)
6MrRAKESH KUMAR GUPTAACTPG0163B06909233Non-Executive - Independent DirectorNot Applicable27-09-1962NoActiveNA02-08-201401-04-2019103.31111Textual Information(2)
7MsARCHANA JAINACFPJ6679R09171307Non-Executive - Independent DirectorNot Applicable02-08-1974NoActiveNA22-05-202122-05-202122.11110
8MrRAKESH KAPOORAEFPK3862H00015358Non-Executive - Independent DirectorNot Applicable23-07-1955NoActiveNA09-08-202209-08-20227.232211Textual Information(3)



Text Block

Textual Information(1)

Disclaimer: In previous quarters, we have taken membership count excluding the chairmanship count and shown chairmanship separately. However, subject to FAQ dated 11.04.23 as issued, we have been clarified and accordingly now membership's count includes chairmanship count and also chairmanships mentioned separately.

Textual Information(2)

Disclaimer: In previous quarters, we have taken membership count excluding the chairmanship count and shown chairmanship separately. However, subject to FAQ dated 11.04.23 as issued, we have been clarified and accordingly now membership's count includes chairmanship count and also chairmanships mentioned separately.

Textual Information(3)

Disclaimer: In previous quarters, we have taken membership count excluding the chairmanship count and shown chairmanship separately. However, subject to FAQ dated 11.04.23 as issued, we have been clarified and accordingly now membership's count includes chairmanship count and also chairmanships mentioned separately.





Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
106909233RAKESH KUMAR GUPTANon-Executive - Independent DirectorChairperson10-09-2020
200062645AKHILESH KUMAR MAHESHWARINon-Executive - Independent DirectorMember28-05-2014
300062221CHANDRA KUMAR JAINExecutive DirectorMember28-05-2014
409171307ARCHANA JAINNon-Executive - Independent DirectorMember09-08-2022


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100062645AKHILESH KUMAR MAHESHWARINon-Executive - Independent DirectorChairperson28-05-2014Textual Information(1)
206909233RAKESH KUMAR GUPTANon-Executive - Independent DirectorMember28-05-2014
309171307ARCHANA JAINNon-Executive - Independent DirectorMember09-08-2022

Sr Text Block

Textual Information(1)
Redesignated as chairman of the Committee effective from August 9, 2022.
Disclaimer: In previous quarter, we have mentioned above mdentioned date, the date on which person inducted as chairman. However, subject to clarifications mentioned in FAQ dated 11.04.23 as issued, we have now changed this date to appointment date being member of Committee and accordingly clarifying in notes.


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100062645AKHILESH KUMAR MAHESHWARINon-Executive - Independent DirectorChairperson28-05-2014
200120753ADITI PASARIExecutive DirectorMember28-05-2014
300764520ARUSHI JAINExecutive DirectorMember09-08-2022


Risk Management Committee

Whether the Risk Management Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100764520ARUSHI JAINExecutive DirectorChairperson02-11-2021
200062645AKHILESH KUMAR MAHESHWARINon-Executive - Independent DirectorMember02-11-2021
300062413ASHWANI KUMAR VATSExecutive DirectorMember02-11-2021


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
109171307ARCHANA JAINNon-Executive - Independent DirectorChairperson09-08-2022
200120753ADITI PASARIExecutive DirectorMember28-05-2014
300764520ARUSHI JAINExecutive DirectorMember28-05-2014


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks

Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory
SrDate(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
109-11-2022Yes863
217-01-202368Yes884



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber of Directors Present (All Directors including Independent Director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1Audit Committee09-11-2022Yes4430
2Audit Committee17-01-202368Yes4430
3Stakeholders Relationship Committee09-11-2022Yes3310
4Stakeholders Relationship Committee17-01-202368Yes3310
5Risk Management Committee09-11-2022Yes3200
6Risk Management Committee17-01-202368Yes3310



Annexure 1

IV. Meeting of Committees

SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber of Directors Present (All Directors including Independent Director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
7Corporate Social Responsibility Committee17-01-2023Yes3310



Annexure 1

V. Related Party Transactions

SrSubjectCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Whether prior approval of audit committee obtainedYes
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes


Annexure 1

VI. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)Yes
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes

Annexure 1

SrSubjectCompliance status
1Name of signatoryAsha Mittal
2DesignationCompany Secretary and Compliance Officer



Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
1Details of businessYeshttps://www.gulshanindia.com/pdf/policy/Details%20of%20Business.pdf
2Terms and conditions of appointment of independent directorsYeshttps://www.gulshanindia.com/pdf/policy/Terms-and-Conditions-of-appointment-and-reappointment-of-Independent-Dir.pdf
3Composition of various committees of board of directorsYeshttps://www.gulshanindia.com/pdf/policy/Composition-of-various-Committees-of-Board-of-Directors.pdf
4Code of conduct of board of directors and senior management personnelYeshttps://www.gulshanindia.com/pdf/policy/Code-of-Conduct-for-all-Board-members-and-Senior-Management-including-In.pdf
5Details of establishment of vigil mechanism/ Whistle Blower policyYeshttps://www.gulshanindia.com/pdf/policy/whistle-blower-policy-vigil-mechanism.pdf
6Criteria of making payments to non-executive directorsYeshttps://www.gulshanindia.com/pdf/policy/Criteria%20of%20making%20payments%20to%20Non-Executive%20Directors.pdf
7Policy on dealing with related party transactionsYeshttps://www.gulshanindia.com/pdf/policy/policy-on-materiality-of-related-party-transactions-and-dealing-with-related-party-transactions.pdf
8Policy for determining ‘material’ subsidiariesNA
9Details of familiarization programmes imparted to independent directorsYeshttps://www.gulshanindia.com/pdf/policy/Details-of-Familiarization-Programme-for-Independent-Directors.pdf

Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
10Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievancesYeshttps://www.gulshanindia.com/contact-information-for-registrar.html
11email address for grievance redressal and other relevant detailsYeshttps://www.gulshanindia.com/contact-information-for-registrar.html
12Financial resultsYeshttps://www.gulshanindia.com/financial-results.html
13Shareholding patternYeshttps://www.gulshanindia.com/shareholding-pattern.html
14Details of agreements entered into with the media companies and/or their associatesNA
15Schedule of analyst or institutional investor meet and presentations made by the listed entity to analysts or institutional investors simultaneously with submission to stock exchangeYeshttps://www.gulshanindia.com/schedule-of-analyst.html
16New name and the old name of the listed entityNA
17Advertisements as per regulation 47 (1)Yeshttps://www.gulshanindia.com/items-in-sub-regulation-1-of-regulation-47.html
18Credit rating or revision in credit rating obtainedYeshttps://www.gulshanindia.com/credit-ratings.html
19Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial yearNA
20Whether company has provided information under separate section on its website as per Regulation 46(2)Yeshttps://www.gulshanindia.com/lodr.html
21Materiality Policy as per Regulation 30Yeshttps://www.gulshanindia.com/pdf/policy/Policy-for-determination-of-materiality-of-events-or-information.pdf
22Dividend Distribution policy as per Regulation 43A (as applicable)Yeshttps://www.gulshanindia.com/pdf/policy/Dividend%20Distribution%20Policy.pdf
23It is certified that these contents on the website of the listed entity are correctYeshttps://www.gulshanindia.com/lodr.html


Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’16(1)(b) & 25(6)Yes
2Board composition17(1), 17(1A) & 17(1B)Yes
3Meeting of Board of directors17(2)Yes
4Quorum of Board meeting17(2A)Yes
5Review of Compliance Reports17(3)Yes
6Plans for orderly succession for appointments17(4)Yes
7Code of Conduct17(5)Yes
8Fees/compensation17(6)Yes
9Minimum Information17(7)Yes
10Compliance Certificate17(8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
11Risk Assessment & Management17(9)Yes
12Performance Evaluation of Independent Directors17(10)Yes
13Recommendation of Board17(11)Yes
14Maximum number of Directorships17AYes
15Composition of Audit Committee18(1)Yes
16Meeting of Audit Committee18(2)Yes
17Composition of nomination & remuneration committee19(1) & (2)Yes
18Quorum of Nomination and Remuneration Committee meeting19(2A)Yes
19Meeting of Nomination and Remuneration Committee19(3A)Yes
20Composition of Stakeholder Relationship Committee20(1), 20(2) & 20(2A)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
21Meeting of Stakeholders Relationship Committee20(3A)Yes
22Composition and role of risk management committee21(1),(2),(3),(4)Yes
23Meeting of Risk Management Committee21(3A)Yes
24Vigil Mechanism22Yes
25Policy for related party Transaction23(1),(1A),(5),(6),(7) & (8)Yes
26Prior or Omnibus approval of Audit Committee for all related party transactions23(2), (3)Yes
27Approval for material related party transactions23(4)NA
28Disclosure of related party transactions on consolidated basis23(9)Yes
29Composition of Board of Directors of unlisted material Subsidiary24(1)NA
30Other Corporate Governance requirements with respect to subsidiary of listed entity24(2),(3),(4),(5) & (6)NA

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
31Annual Secretarial Compliance Report24(A)Yes
32Alternate Director to Independent Director25(1)NA
33Maximum Tenure25(2)Yes
34Meeting of independent directors25(3) & (4)Yes
35Familiarization of independent directors25(7)Yes
36Declaration from Independent Director25(8) & (9)Yes
37D & O Insurance for Independent Directors25(10)Yes
38Memberships in Committees26(1)Yes
39Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel26(3)Yes
40Disclosure of Shareholding by Non-Executive Directors26(4)Yes
41Policy with respect to Obligations of directors and senior management26(2) & 26(5)Yes
Any other information to be provided Textual Information(1)

Text Block

Textual Information(1)
With respect to point no. 30- Capital was infused, very recently on December 7, 2022 only and no such kind of transaction held since date .

Annexure II

1Name of signatoryAsha Mittal
2DesignationCompany Secretary and Compliance Officer



Annexure II

III. Affirmations

SrParticularsCompliance status (Yes/No/NA)
1The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been compliedNA
Any other information to be providedTextual Information(1)

Text Block

Textual Information(1)
With respect to point no. 30- Capital was infused, very recently on December 7, 2022 only and no such kind of transaction held since date .




Annexure II

1Name of signatoryAsha Mittal
2DesignationCompany Secretary and Compliance Officer




Additional Half yearly Disclosure

Applicability of disclosure Not Applicable
Reason for Non Applicability Textual Information(1)

Text Block

Textual Information(1)
There is no such transaction/case.




Signatory Details

Name of signatoryAsha Mittal
Designation of personCompany Secretary and Compliance Officer
PlaceDelhi
Date18-04-2023