Gulshan Polyols Limited announced that Mr. Akhilesh Kumar Maheshwari (DIN: 00062645) and Mr. Rakesh Kumar Gupta (DIN: 06909233) have ceased to be an Non-Executive- Independent Director(s) on the Board of Directors of the Company with effect from 1st April, 2024 respectively on completion of their second consecutive term as an Independent Directors for which they were re-appointed by the shareholders of the Company at the 19th AGM held on 21st September, 2019. Consequent to the cessation of Mr. Akhilesh Kumar Maheshwari and Mr. Rakesh Kumar Gupta as Directors, they will also cease to be member and chairman of the following Committees of the Board respectively. Mr. Rakesh Kumar Gupta: Audit Committee- Chairman; Nomination, Remuneration and Compensation Committee- Member.

Mr. Akhilesh Kumar Maheshwari: Stakeholders Relationship Committee- Chairman; Nomination, Remuneration and Compensation Committee- Chairman; Risk Management Committee- Member. The Board approved the appointment of Mr. Nitesh Garg (DIN:10257604) and Mr. Soumyajit Mitra (DIN: 10262167) with effect from April 1, 2024 respectively and approved by shareholders of the Company in the 23rd Annual General Meeting dated September 29, 2023 for appointment of Mr. Nitesh Garg (DIN:10257604) and Mr. Soumyajit Mitra (DIN: 10262167) as the Independent Director(s) of the Company respectively with effect from April 1, 2024. Accordingly, the Committees are hereby reconstituted with effect from April 1, 2024 as under: Mr. Nitesh Garg: Chairman of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee.

Mr. Soumyajit Mitra: Chairman of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Mr. Soumyajit Mitra: Chairman of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Ms. Arushi Jain: Chairman of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee.

Mr. Soumyajit Mitra: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Ms. Aditi Pasari: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Mr. Nitesh Garg: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee.

Mr. Nitesh Garg: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Dr. Chandra Kumar Jain: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Ms. Arushi Jain: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee.

Ms. Archana Jain: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Mr. Ashwani Kumar Vats: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee. Ms. Archana Jain: Member of Audit Committee; Stakeholders Relationship Committee; Nomination, Remuneration and Compensation Committee; Risk Management Committee.