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.

Platinum Industries Limited , a leading player in the PVC and CPVC additives sector, has announced robust financial results for the first quarter. The company demonstrated significant growth in both standalone and consolidated operations, while also making key management appointments and addressing operational challenges.

Financial Highlights

Platinum Industries reported impressive growth in its Q1 results:

• Consolidated revenue from operations increased by 19.8% year-over-year to Rs. 1,153.82 million, up from Rs. 965.10 million in the previous quarter.
• Standalone revenue grew to Rs. 1,028.82 million, compared to Rs. 822.71 million in the previous quarter.
• Consolidated profit after tax rose to Rs. 130.76 million, a significant improvement from Rs. 63.08 million in the previous quarter.
• Standalone profit increased to Rs. 125.18 million from Rs. 63.32 million in the previous quarter.
• Basic earnings per share (EPS) on a consolidated basis stood at Rs. 2.32, up from Rs. 1.16 in the previous quarter.

Operational Performance

The company's strong financial performance was driven by robust demand for its PVC and CPVC additives products. Platinum Industries continues to operate in a single segment, focusing on "PVC & CPVC Additives and related products."

Management Appointments and Corporate Actions

The Board of Directors made several key decisions during their meeting on August 14, 2025:

1. Appointment of Mr. Anand Shankar Mahadware as Strategy Business Director for Innovation and New Product Development, joining as a Senior Managerial Personnel (SMP).
2. Re-appointment of M/s Ashish Bhavsar & Associates as Cost Auditors for the financial year 2025-26.

Challenges and Operational Updates

A fire incident occurred at the Palghar plant of the subsidiary entity, M/s Platinum Polymers and Additives. The plant's operations have been temporarily halted, and the incident has been reported to the insurer for assessment. The financial impact of this event is yet to be determined.

IPO Fund Utilization

Platinum Industries completed its Initial Public Offering (IPO) on March 5, 2024, raising Rs. 2,353.17 million. As of June 30, 2025, the company has utilized Rs. 932.68 million of the net proceeds, with Rs. 1,185.61 million remaining unutilized. The funds are being deployed for various purposes, including:

• Investment in Platinum Stabilizers Egypt LLC for setting up a manufacturing facility
• Funding capital expenditure for a new facility in Palghar, Maharashtra
• Meeting working capital requirements
• General corporate purposes

Future Outlook

With strong financial performance, strategic management appointments, and ongoing expansion plans, Platinum Industries Limited appears well-positioned for continued growth in the PVC and CPVC additives market. However, the company will need to navigate challenges such as the recent fire incident at its subsidiary's plant while maintaining its growth trajectory.

Investors and stakeholders will be watching closely to see how Platinum Industries leverages its recent IPO funds and manages operational challenges to drive future growth and innovation in the specialty chemicals sector.