Platinum Industries Limited held its sixth Annual General Meeting (AGM) on September 24, 2026. The company adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, alongside reports from the Board of Directors and auditors.

The meeting was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI guidelines. A total of 41 members attended the session, which commenced at 11:00 am and concluded at 11:30 am. Mr. Krishna Dushyant Rana, Chairman cum Managing Director, delivered the address to shareholders, while Chief Financial Officer Mr. Ashok Bothra presented the financial performance.

Board composition and attendance

The following directors were present at the meeting:

Mr. Radhakrishnan Iyer, Non-Executive Independent Director and Chairman of the Audit Committee, was granted leave of absence due to a medical emergency. Key management personnel, including Company Secretary Ms. Bhagyashree Mallawat, and representatives from statutory, internal, and secretarial audit firms also attended.

Resolutions passed

Shareholders transacted both ordinary and special business items. The ordinary resolutions included the adoption of financial statements and the re-appointment of Mr. Anup Singh as director, who retired by rotation under Section 152 of the Companies Act, 2013. The ratification of remuneration for the Cost Auditor for FY27 was also approved.

Special business resolutions focused on inter-corporate transactions with subsidiaries:

• Grant of loan or inter-corporate deposit to Platinum Oleo Chemicals Private Limited, a subsidiary where a director is interested.
• Grant of loan or inter-corporate deposit to Rivadu Lifesciences Private Limited, a subsidiary where a director is interested.
• Material related party transactions with Platinum Stabilizers Egypt LLC.
• Material related party transactions with Platinum Oleo Chemicals Private Limited.

Voting and procedural notes

The Statutory Audit Report for standalone and consolidated statements, along with the Secretarial Audit Report for FY26, contained modified opinions and observations. Management responses to these observations were detailed in the Directors' Report and taken as read during the meeting.

Mr. Mayank Arora, Practicing Company Secretary, served as the scrutinizer for the e-voting process. Members who had not voted remotely were given a 15-minute window to cast their votes after the meeting's conclusion. Results are expected to be declared within two working days.

Platinum Industries has scheduled its sixth annual general meeting for September 24, 2026. The agenda features significant capital allocation toward its international expansion and related-party financing arrangements.

The company seeks shareholder approval for a capital investment of ₹ 500 million in Platinum Stabilizers Egypt LLC (PSEL). This infusion supports the establishment of a manufacturing facility in Egypt for PVC stabilizers and other chemical products.

Meeting Logistics and E-Voting

The 6th AGM will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 11:00 am IST. The notice was dispatched electronically on September 2, 2026. Shareholders holding equity shares as on the cut-off date of September 17, 2026, are eligible to vote.

Remote e-voting will commence on Monday, September 21, 2026 at 9:00 am and end on Wednesday, September 23, 2026 at 5:00 pm. Bigshare Services Private Ltd facilitates the voting process. Members who cast votes remotely cannot vote again during the AGM.

Related-Party Transactions

The board proposes omnibus approvals for material related-party transactions with two subsidiaries during FY27:

Both PSEL and Platinum Oleo Chemicals Private Limited (POCPL) are wholly or majority-owned subsidiaries. The transactions with PSEL total ₹ 800 million, while those with POCPL also aggregate to ₹ 800 million. The audit committee has recommended these deals, stating they are conducted at arm's length.

Director Loans and Reappointment

Shareholders will vote on special resolutions to grant unsecured loans of up to ₹ 25 crore each to POCPL and Rivadu Lifesciences Private Limited. These loans carry an interest rate of 9% per annum and are repayable on demand. Directors Ms. Parul Krishna Rana and Mr. Krishna Dushyant Rana have declared interests in these respective entities.

Additionally, the meeting will consider the reappointment of Mr. Anup Singh as a director. His proposed remuneration is set at ₹ 70,00,000 for the ensuing term.

What the Numbers Show

The proposed capital expenditure in Egypt represents the largest single component of the related-party transaction approvals. The ₹ 500 million equity infusion accounts for 62.5% of the total ₹ 800 million transaction limit approved for PSEL. This indicates a strategic shift from operational trading flows to heavy asset creation in the African market, funded partly by IPO proceeds and internal accruals.