Platinum Industries Limited has received a significant boost to its research and development capabilities. The Ministry of Science and Technology, through the Department of Scientific and Industrial Research (DSIR), has granted recognition to the company's In-house R&D Unit located in Palghar, Maharashtra.

Recognition Details

The approval, valid from September 4, 2025, to March 31, 2028, was communicated to Platinum Industries via a letter dated September 16, 2025. The company officially received this notification on September 22, 2025, marking a notable milestone in its pursuit of innovation and technological advancement.

Location and Benefits

The recognized R&D facility is situated at Gut No. 181/11 and 181/26, Village Dhansar, Palghar, Maharashtra. This strategic location is now set to become a hub for the company's research and development activities.

The recognition brings with it several advantages for Platinum Industries:

• Custom Duty Exemptions: The company is now eligible for custom duty exemptions for its R&D facility, as per the terms outlined in relevant government notifications.
• Intangible Benefits: Beyond the tangible financial advantages, the recognition is expected to yield various intangible benefits, potentially enhancing the company's research capabilities and industry standing.

Regulatory Compliance

In adherence to regulatory requirements, Platinum Industries promptly informed the stock exchanges about this development. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Impact

While the immediate financial impact of this recognition has not been quantified, the approval is likely to strengthen Platinum Industries' position in terms of research and innovation. The custom duty exemptions, in particular, could lead to cost savings in the company's R&D endeavors.

This development underscores Platinum Industries' commitment to enhancing its technological capabilities and maintaining a competitive edge in its industry. As the company leverages this newly recognized R&D unit, stakeholders will be keen to observe how it translates into product innovation and potential market advantages in the coming years.

Platinum Industries Limited has announced a significant addition to its leadership team. In a board meeting held on September 6, 2025, the company approved the appointment of Mr. Ashok Bothra as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective immediately.

New CFO Brings Extensive Experience

Mr. Bothra brings a wealth of experience to his new role at Platinum Industries. With over 27 years in the financial sector, he has developed expertise in various critical areas:

• Accounts & Finance
• Working Capital Management
• Project Finance
• Treasury & Forex Management
• Cost Control
• Budgetary & Internal Control
• Direct & Indirect Taxation
• Export & Import
• Business Strategy
• Mergers & Acquisitions (M&A)
• Investor Relations

Professional Qualifications

Ashok Bothra's credentials include:

• Membership in the Institute of Chartered Accountants of India (ICAI)
• PG Diploma in Forex Risk Management
• PG Diploma in Export & Import Management

Corporate Governance and Regulatory Compliance

The appointment was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Platinum Industries Limited promptly informed both the National Stock Exchange of India (NSE) and BSE Limited of this key personnel change.

Company Details

Platinum Industries Limited, with its Corporate Identification Number (CIN) L24299MH2020PLC341637, is headquartered at 201, Ackruti Star, Pocket No. 5, Central Road, MIDC, Marol, Andheri East, Mumbai-400069, Maharashtra.

The board meeting that confirmed Mr. Bothra's appointment commenced at 4:30 PM and concluded at 4:55 PM on September 6, 2025.

This strategic appointment underscores Platinum Industries' commitment to strengthening its financial leadership as the company moves forward in its growth trajectory.