Gulshan Polyols is planning to raise funds by way of issue of 'Eligible Securities' defined under Regulation 171(a) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 through Qualified Institutions Placement (QIP) or by way of one or more private offering or any equivalent capital raising methods permitted by applicable laws or any combination thereof, subject to such requisite approvals including the approval of the shareholders and further subject to such other statutory/regulatory approvals, as applicable. The meeting of the Board of Directors of the Company is scheduled to be held on August 9, 2022, inter alia, to consider and approve the same.
Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.
