Platinum Industries Limited has informed the stock exchanges of the authorisation of its Key Managerial Personnel (KMPs) pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors, at their meeting held on 12th May, 2026, formally designated three senior officials to determine the materiality of events or information and to make necessary disclosures to the stock exchanges on behalf of the company.

Authorised Key Managerial Personnel

The following Key Managerial Personnel have been authorised by the Board of Directors for the purpose of determining materiality and making disclosures under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

The contact details on record for correspondence purposes are registered at 201, Ackruti Star, Pocket No. 5, Central Road, MIDC, Marol, Andheri East, Mumbai-400069, Maharashtra.

Regulatory Background

Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates listed companies to authorise one or more KMPs for the purpose of determining whether an event or information is material and for making timely disclosures to the stock exchanges. This compliance measure is aimed at ensuring transparency and accountability in corporate communications with the market.

Company Details

The intimation was signed by Bhagyashree Mallawat, Company Secretary and Compliance Officer (M. No.: A51488), on behalf of Platinum Industries Limited. The relevant details of the authorised KMPs are also available on the company's website. The company is incorporated under CIN: L24299MH2020PLC341637 and is headquartered at 201, Ackruti Star, Pocket No. 5, Central Road, MIDC, Marol, Andheri East, Mumbai-400069, Maharashtra.

Spot platinum prices experienced a significant decline in recent trading, dropping over 3% to reach $2,015.00 per ounce. This substantial movement represents a notable shift in the precious metal's market valuation.

Market Performance

The precious metal's sharp decline of over 3% brings the current spot price to $2,015.00 per ounce. This price movement reflects the volatile nature of precious metals trading and the various factors that can influence platinum valuations in global markets.

Trading Impact

The over 3% decline in spot platinum prices represents a significant intraday movement for the precious metal. Platinum, widely used in automotive catalysts and industrial applications, often experiences price volatility based on supply and demand dynamics in global markets.

This price movement to $2,015.00 per ounce marks a notable shift from previous trading levels, highlighting the ongoing fluctuations characteristic of precious metals markets. The decline affects both industrial users and investors who track platinum as part of their commodity portfolios.