Your directors have pleasure in presenting the 06^th Annual.
Report on the Business and operations of the Company
along with its Audited StandaLone and Consolidated FinanciaL
Statements for the FinanciaL Year ended on March 31, 2026
of your Company.

1. financial highlights:

During the financial year 2025-26, PLatinum Industries
Limited delivered a strong financial performance,
achieving significant growth across key metrics.
The Company reported consolidated Revenue from
Operations of 74504.41 miLLion, marking a 14.8% increase
from 73922.61 miLLion in the previous fiscaL year. On a
standaLone basis, Revenue from Operations grew by 33.7%
to 74343.6 miLLion, up from 73248.93 miLLion in FY 2024-25.
This growth was driven by strong operational execution
mainLy by CPVC, PVC and various strategic initiatives
undertaken during the year.

Despite some pressure on margins, profitability in
absoLute terms improved, supported by the substantial
increase in revenue. The Company''s consolidated Profit
After Tax (PAT) rose by 3.7% to 7512.3 miLLion, up from

7493.9 miLLion in the previous year. EBITDA stood at 7598.5
miLLion, representing a increase of 4.2% year-on-year. The
EBITDA margin decreased to 13.3%, down by 130 BPS from
14.6% in FY 2024-25. The contraction in profit margins was
primarily due to reduction in other income and increase
in empLoyee benefit expenses and other expenses
like repair and maintenance expenses, sale promotion
expenses, partLy offset by reduction in R&D expenses.

PLatinum continued to benefit from the strengthened
baLance sheet, boLstered by the proceeds from the earLier
year''s successful InitiaL PubLic Offering (IPO). The financial
cushioning provided by the IPO has enabLed the Company
to sustain a Low debt profiLe, with a debt-to-equity ratio
maintained at Just 0.004, effectively positioning PLatinum
as near debt-free. This enhanced financial position due to
internaL accruaLs and equity raised by way of IPO in previous
year has provided the fLexibiLity to support ongoing capitaL
expenditure and strategic growth initiatives. Furthermore,
the Company maintained robust return ratios, with Return
on Networth at 11.3%, underscoring the efficient utiLisation
of capitaL and continued focus on vaLue creation.

2. state of company''s affairs

During FY 2025-26, work progressed at fuLL pace on
both the new PaLghar faciLity and Egypt faciLity with the
upcoming 60,000 MTPA capacity in both the pLants. At the
PaLghar site, operations for Phase 1, with a CPVC capacity
of 12,000 MTPA, has commenced in August 2025 and the
commerciaL production of remaining 48,000 MTPA have
been commenced from 21^st May, 2026. MeanwhiLe, the
Egypt pLant is aLso advancing steadiLy, reinforcing the
Company''s commitment to expand its gLobaL footprint
and shaLL be operational by FY 27. These facilities is key to
meet the rising demand, particuLarLy in the MiddLe East and
North Africa region, with Egypt''s strategic proximity to the
Suez CanaL offering a Logistics advantage. These capitaL
investments mark a significant milestone in PLatinum
Industries'' growth Journey and are expected to contribute
meaningfuLLy to its international expansion strategy.

These ongoing capitaL proJects are not onLy expanding
PLatinum Industries'' production capacity but are aLso
cLoseLy aLigned with Long-term structuraL trends that
continue to drive its sustained growth. FY 2025-26
witnessed a convergence of reguLatory mandates,
evoLving end-market dynamics, and an increased
emphasis on sustainabiLity-Led procurement, aLL of which
have underpinned the Company''s strategic direction.
In the domestic market, reguLatory enforcement—
particuLarLy the BIS-driven eLimination of Lead-based
additives in potabLe, agricuLturaL, and sewage piping—
has resuLted in a structuraL shift in demand towards safer
aLternatives such as caLcium-zinc and caLcium-organic
stabiLisers. PLatinum''s Highstab™ and Hybrid™ product
Lines are aLready meeting these new reguLatory and
performance benchmarks, positioning the Company as a
Leading suppLier to Indian OEMs.

3. consolidated financial statements

The ConsoLidated FinanciaL Statements of the Company
and its Subsidiaries for the financiaL year ended March
31, 2026, prepared in accordance with the Companies
Act, 2013 and Ind AS-110 under the Companies (Indian
Accounting Standards) RuLes, 2015, on ConsoLidated
FinanciaL Statements form part of this AnnuaL Report and
same shaLL aLso be Laid in the ensuing AnnuaL GeneraL
Meeting in accordance with the provisions of Section
129(3) of the Companies Act, 2013.

In accordance with the provisions of Section 136 of the
Companies Act, 2013, the StandaLone and ConsoLidated
FinanciaL Statements of the Company aLong with
the documents required to be attached thereto and
separate financiaL statements in respect of its subsidiary
companies are avaiLabLe on its website i.e.https://
pLatinumindustriesLtd.com/company-overview-
governance/?tab=subsidiary-financiaLs and are aLso
avaiLabLe for inspection at its Registered Office.

4. dividend

The Board of Directors aims to grow the business Lines
of the Company and enhance the rate of return on
investments of the shareholders. With a view to financing
the Long-term growth pLans of the Company that require
substantiaL resources, the Board of Directors do not
recommend any dividend for the year under review.

5. transfer to reserves

During the year under review, the Board of Directors has
decided to retain the entire amount of profits for FY 2025¬
26 in the retained earnings and not to transfer any amount
to GeneraL Reserve.

6. weblink of annual return

Pursuant to the provisions of Sections 92(3) and 134(3)

(a) of the Act and the Companies (Management and
Administration) RuLes, 2014, the AnnuaL Return in Form
MGT-7 which wiLL be fiLed with the Registrar of Companies/
MCA, can be accessed on the website of the Company i.e.
https://pLatinumindustriesLtd.com/company-overview-
governance/?tab=annuaL-return

7. details of the associates/ joint venture
/ subsidiary companies

The Company is having 4 (Four) Subsidiary Companies
faLLing under the purview of Section 2(87) of the Companies
Act, 2013. In accordance with RuLe 8(1) of the Companies
(Accounts) RuLes, 2014, a report on their performance and
financiaL position is presented beLow:

i. M/s Platinum Global Additives Private Limited,

incorporated in India on 01^st June, 2020, wherein
your Company hoLds 99.95% stake by way of

19.990 Equity Shares.

ii. M/s Platinum Oleo Chemicals Private Limited,

incorporated in India on 29^th August, 2022, wherein
your Company hoLds 89.49% stake by way of

1.49.990 Equity Shares.

iii. M/s. Platinum Stabilizers Egypt LLC is a Limited
LiabiLity company incorporated on 20^th JuLy, 2022 in
Suez, Egypt, wherein your Company hoLds 99.99%
stake by way of 78,999 Equity Shares.

iv. M/s Rivadu Lifesciences Private Limited,

incorporated in India on 18^th March, 2026, which is
WhoLLy Owned Subsidiary as on 31^st March 2026,
wherein your Company hoLds ~100% stake by way of
2,49,999 Equity Shares.

Further, your Company has an Associate Entity where the
Company is a Partner in M/s. Platinum Polymers and
Additives with a Contribution of H 4,50,000/- representing
50% of the TotaL Contribution.

Details of New Subsidiary / Joint Ventures /
Associate Companies;

During the year a new subsidiary was incorporated in
India, naming M/s Rivadu Lifesciences Private Limited,

on 18^th March, 2026, which is WhoLLy Owned Subsidiary as
on 31^st March 2026, wherein your Company hoLds ~100%
stake by way of 2,49,999 Equity Shares.

Details of the Company who ceased to be its
Subsidiary / Joint Ventures / Associate Companies;

No Company ceased to be Subsidiary /JointVenture /Associate
Company of the Company during the year under review.

in accordance with proviso to Section 129(3) read with RuLe
5 of the Companies (Accounts) RuLes, 2014, the Company
has prepared ConsoLidated FinanciaL Statements which
form part of this AnnuaL Report. A separate statement
containing saLient features of the financiaL statements of
the Company''s Subsidiaries in Form AOC-i is attached

to the financiaL statements of the Company and forms
part of this AnnuaL Report as Annexure “A". The audited
financiaL statements incLuding the consoLidated financiaL
statements of the Company and aLL other documents
required to be attached thereto are avaiLabLe on the
Company''s website. The financiaL statements of the
Subsidiary Companies are avaiLabLe on the Company''s
website i.e.https://platinumindustriesltd.com/company-
overview-governance/?tab=subsidiary-financials

Material Subsidiaries;

Pursuant to Regulation i6(i)(c) and Regulation 24 of the
SEBI (Listing Obligations and Disclosure Requirements)
ReguLations, 2015, the Company has adopted a PoLicy
for determining MateriaL Subsidiaries. The poLicy for
determining its ‘MateriaL'' Subsidiaries was formuLated
and the same is avaiLabLe on the Company''s website
https://platinumindustriesltd.com/policies-disclosures-
compliance/?t.ab=policies

with Rule 8 of the Companies (Share Capital and
Debentures) RuLes, 2014.

c. Issue of Equity Shares with Differential Rights

The Company has not issued any equity shares with
differential voting rights during the financiaL year
as per RuLe 4(4) of Companies (Share CapitaL and
Debentures) RuLes, 2014.

d. Issue of Employee Stock Option

The Scheme has been formuLated by the Board of
Directors and has been approved unanimousLy by
the Board of Directors at its meeting heLd on 12^th June,
2023 and thereafter, by the Members of the Company
by passing a SpeciaL Resolution in the GeneraL
Meeting heLd on 14^th June, 2023. SubsequentLy, the
scheme was Ratification, amendments and approvaL
by the members of Nomination and Remuneration
Committee and the Board of Directors at its meeting
heLd on 12^th August, 2024 and thereafter, by the
members of the Company by passing a SpeciaL
Resolution in the AnnuaL GeneraL Meeting heLd on
27^th September, 2024.

Further the Company has taken approvaL of
SharehoLders for the grant of options to the

identified empLoyees during any one year, equaL to
or exceeding 1% of the issued capital of the Company
at the time of grant of option for “PLatinum Industries
Limited - EmpLoyees Stock Option Scheme - 2023”
(“PIL ESOS 2023”), in the AnnuaL GeneraL Meeting heLd
on 27^th September, 2024. However, no Grant is made
tiLL date, hence discLosure as per the Companies
(Share CapitaL and Debentures) RuLes, 2014 and
Securities and Exchange Board of India (Share Based
EmpLoyee Benefits and Sweat Equity) Regulations,
2021 are Not AppLicabLe. Disclosure in compliance
with the SEBI (Share Based EmpLoyee Benefits and
Sweat Equity) Regulations, 2021 is avaiLabLe on the
website of the Company at the foLLowing Link:https://
platinumindustriesltd.com/ .

e. Buy Back of Securities

The Company has not bought back any of its
securities during the year under review.

9. change in the nature of business

During the year under review, there has been no materiaL
change(s) in the business of the Company or in the nature
of business carried by the Company.

Changes during the period under review;

During the year under review, the following changes
occurred in the Board of Directors:

• Mr. Gyandeep Mittal, had resigned from the position
of Chief Financial. Officer and Key Managerial
PersonneL of the company due to some personal
reasons with effect from cLosure of Business hour of
16^th JuLy, 2025.

• Mr. Ashok Bothra has been appointed as Chief
Financial Officer and Key Managerial PersonneL of
the company with effect from 06^th September, 2025.

Changes after the closure of financial year under
review;

There is no change in Directors and KMP after the cLosure
of Financial Year.

Disclosure of Remuneration paid to Directors;

The detaiLs of remuneration paid to the Directors is given
in the Report on Corporate Governance.

Statement with regard to Integrity, Expertise and
Experience of the Independent Directors

Your directors are of the opinion that Independent Directors
of the Company are of high integrity, suitabLe expertise
and experience (including proficiency). The Independent
Directors have given declaration under sub section (6) of
Section 149 of the Act. The tenure of Independent Directors
is in compliance with the provisions of Section 149(10).

11. directors responsibility statement

The financial statements of the company have been
prepared in accordance with the Companies (Indian
Accounting Standards) RuLes, 2015, as amended, (“Ind AS”).
The company has prepared these financial statements
to comply in all material respects with the accounting
standards notified under section 133 of the Companies Act
2013, read together with paragraph 7 of the Companies
(Accounts) RuLes 2014. The financial statements have been
prepared on an accruaL basis and there are no materiaL
departures from prescribed accounting standards in the
adoption of these standards.

Pursuant to the provisions of Section 134(5) of the
Companies Act 2013, the directors confirm that:

i. In the preparation of the annuaL accounts for the
financial year ended March 31, 2026, the appLicabLe
accounting standards have been foLLowed and there
are no materiaL departures.

ii. The directors have seLected such accounting
poLicies and appLied them consistentLy and made
Judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial

year 31^st March 2026 and of the profit and Loss of the
Company for that period.

iii. The directors have taken proper and sufficient care
towards the maintenance of adequate accounting
records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets of
the Company and for preventing and detecting fraud
and other irregularities.

iv. The directors have prepared the annuaL accounts on
a going concern basis.

v. The directors have Laid down internaL financial
controLs to be foLLowed by the Company and that such
controLs are adequate and are operating effectively.

vi. The directors have devised proper systems to
ensure compLiance with the provisions of aLL
appLicabLe Laws and such systems are adequate and
operating effectiveLy.

12. re-appointment of director (retire by
rotation)

In accordance with the provisions of Section 149 and 152
and other appLicabLe provisions of the Companies Act,
2013 and the ArticLes of Association of the Company,
Consequently, Mr. Anup Singh (DIN: 08889150), Executive
Director of the Company is LiabLe to retire by rotation at the
ensuing AnnuaL GeneraL Meeting (AGM) and being eLigibLe,
has offered himseLf for re-appointment in accordance
with the provision of the Companies Act, 2013

The detaiLs of Director seeking re-appointment at the
ensuing AGM aLong with other detaiLs in pursuance of
Regulation 36(3) of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, is encLosed herewith as “Annexure A”
is annexed to the Notice of the AnnuaL GeneraL Meeting.
The Board has confirmed that Mr. Anup Singh satisfies the
criteria as prescribed under their appLicabLe regulations
and that he is not disqualified from being appointed as a
director in terms of Section 164(2) of the Companies Act,
2013. The Board recommends the re-appointment.

13. meetings of the board

During the year under review, six (6) Meetings of the Board
of Directors were heLd in accordance with the provisions
of the Companies Act 2013 read with ruLes made there
under and the appLicabLe secretariaL standards. The
detaiLs of the Board Meetings with regard to their dates
and attendance of each of the Directors thereto have
been provided in the Corporate Governance Report which
forms part of the AnnuaL Report of the Company.

The gap between the two consecutive Meetings was
within the period prescribed under the Companies Act,
2013 and the SEBI (Listing ObLigations and DiscLosure
Requirements) ReguLations, 2015.

14. annual performance evaluation by the
board

Provisions of Section 134(3), 149(8) and Schedule IV of the
Companies Act, 2013 read with Regulation 4(2)(f)(9) of the
SEBI Listing Regulations, 2015 mandates that the Board
shaLL monitor and review the Board evaluation framework.
The Companies Act, 2013 states that a formaL annuaL
evaluation needs to be made by the Board of its own
performance and that of its Committees and Individual
Directors. The annuaL evaLuation process of the Board
of Directors, its Committees and the Individual Directors
including the Chairman of the Company was carried out
in the manner prescribed by the Companies Act, 2013 the
guidance note on Board Evaluation issued by SEBI and as
per the Corporate Governance requirements prescribed by
SEBI Listing Regulations. A structured questionnaire was
circulated for reviewing the functioning and effectiveness of
the Board, its Committees, the Individual Directors including
the Chairman of the Company. ALL the directors participated
in the evaLuation survey. The evaLuation criterion for the
Directors was based on their participation, contribution
and offering guidance. Responses were anaLyzed and
the resuLts were subsequentLy discussed by the Board.
Recommendations arising from the evaluation process was
considered by the Board to optimize its effectiveness.

During the year under review, one (1) Separate meeting
of Independent Directors was heLd on 12^th February, 2026.
The detaiLs of the Independent Directors Meeting and the
attendance of the Directors are provided in the Corporate
Governance Report, which forms part of this Report.

The Independent Directors reviewed the performance
of the Board as a whoLe and it was concLuded that every
member of the Board is taking active participation in the
decision-making process at the Board Meeting/s and is
equaLLy invoLved in the affairs of the Company. The Board
is appropriate with the right mix of knowledge and skiLLs
required to drive organizational performance in the Light
of future strategy and to conduct its affairs effectively.

15. familiarisation programme for
independent DIRECTORS (IDs)

In terms of ReguLation 25(7) of the Listing ReguLations
and the Companies Act, 2013, the Company is required to
conduct the FamiLiarization Programme for Independent
Directors (IDs) to famiLiarize them about their roLes, rights,
responsibiLities in the Company, nature of the industry
in which the Company operates, business modeL of the
Company, etc., through various initiatives.

The detaiLs of the FamiLiarisation Programme imparted
to Independent Directors are avaiLabLe on the Company''s
officiaL website athttps://pLatinumindustriesLtd.com/
poLicies-discLosures-compLiance/?tab=poLicies.

16. COMMITTEES OF THE BOARD;

The Company has duLy constituted the foLLowing
mandatory Committees in terms of the provisions of the

Companies Act, 2013 and SEBI (Listing ObLigations and
DiscLosure Requirements) ReguLations, 2015, as amended
from time to time viz.

a) Audit Committee

b) Nomination and Remuneration Committee

c) StakehoLders ReLationship Committee

d) Corporate SociaL ResponsibiLity Committee

The Composition of aLL such Committees, number of
meetings heLd during the year under review, attendance
of each of the Directors at such meetings, brief terms of
reference and other detaiLs have been provided in the
Corporate Governance Report which forms part of this
AnnuaL Report. ALL the recommendations made by the
Committees were accepted by the Board.

17. related party transactions

In Line with the requirements of the Companies Act, 2013
and SEBI (Listing ObLigations and DiscLosure Requirements)
Regulations, 2015 ("SEBI Listing Regulations"), as
amended from time to time, the Company has formuLated
a PoLicy on ReLated Party Transactions (“RPT PoLicy”)
for identifying, reviewing, approving and monitoring of
ReLated Party Transactions. The RPT PoLicy is avaiLabLe on
the Company''s website athttps://platinumindustrieslt.rt.
com/policies-disclosures-compliance/?tab=policies.

All related party transactions entered into during FY 2025¬
26 were on arm’s length basis and in the ordinary course of
business and were reviewed and approved by the Audit
Committee. With a view to ensuring continuity of day-to-day
operations, an omnibus approval is also obtained for related
party transactions which were repetitive in nature and entered
in the ordinary course of business and on an arm’s length basis.
There were materially significant Related Party Transaction
made by the Company during the year therefore Shareholder’s
approval was taken at the AGM held on 30^th September 2025 as
per the SEBI Listing Regulations. A statement giving details of
all related party transactions entered pursuant to the omnibus
approval so granted was placed before the Audit Committee
on a quarterly basis for its review.

Pursuant to Section 134(3)(h) of the Companies Act, 2013
read with Rule 8(2) of the Companies (Accounts) Rules,
2014, the detaiLs of ReLated party transaction which were
transacted during the year under review on arm''s Length
basis and in the ordinary course of business are set out as
in form AOC-2 at Annexure-B to this Report.

In terms of Regulation 23 of the SEBI Listing Regulations,
your Company submits detaiLs of reLated party transactions
on a consolidated basis as per the format specified in the
reLevant accounting standards to the stock exchanges on
a haLf-yearLy basis.

The detaiLs of the transactions with reLated parties are
provided in the accompanying financial statements.

18. internal financial control system and
its adequacy

InternaL Financial ControLs are an integrated part of the risk
management process. Your Company has adequate internaL
financial controLs in pLace to address financial and financial
reporting risks. The internaL financial controLs with reference
to the financial statements are commensurate with the size,
scaLe and complexity of its operations. The Audit Committee
defines the scope and authority of the InternaL Auditor.

The Audit Committee comprises of professionaLLy
qualified Directors, who interact with the statutory
auditors, internaL auditors and management in deaLing
with matters within its terms of reference. Your Company
has a proper and adequate system of internaL controLs.
Adequate internaL financial controLs ensure transactions
are authorized, recorded and reported correctLy and
assets are safeguarded and protected against Loss from
unauthorized use or disposition.

19. deviation(s) or variation(s) in the use of
proceeds of initial public issue (ipo), if
any:

In terms of Regulation 32 of Listing Regulations, the
Listed Entity is required to report Statement of Deviation
and Variation with respect to funds raised through PubLic
Issue, Rights Issue or Preferential Issue.

In view of the above, the Company post its Issue and Listing
of shares on March 05, 2024, had reported statement of
deviation and variation through the Monitoring Agency
(CRISIL Rating) appointed in this regard on the Quarterly
basis to the Stock Exchange. The Statement of utilization
of InitiaL PubLic Offer proceeds forms parts of the Financial
Statements. Therefore, the same is discLosed in FinanciaLs
Statement. Further the unutiLised issue proceed is parked
in Fixed Deposits in ScheduLe Commercial Banks or Lying
in the bank account of the Company.

For the Financial Year ended March 31, 2026, there
is no deviation, or variation was reported by the
Monitoring Agency.

20. corporate social responsibility (csr)
initiatives:

In compLiance with the requirements of Section 135
of the Act read with the Companies (Corporate SociaL
ResponsibiLity PoLicy) RuLes, 2014, the Board of Directors
have constituted a Corporate SociaL Responsibility (“CSR”)
Committee. The detaiLs of membership of the Committee
and the meetings heLd are detaiLed in the Corporate
Governance Report, forming part of this Report.

CSR PoLicy is in Line with the requirements of the
Companies (Corporate SociaL ResponsibiLity PoLicy)
Amendment RuLes, 2021. The CSR PoLicy of the Company
is avaiLabLe on the website of the Company and can

be accessed through the website of the Company at
https://plat.inumindust.riesltd.com/policies-disclosures-
compliance/?tab=policies.

The annuaL report on CSR activities containing detaiLs
of expenditure incurred by the Company and brief
detaiLs on the CSR activities are provided in Annexure-C
to this Report.

21. particulars of loans, guarantees or
INVESTENTS under section 186 of the
companies act, 2013.

Particulars of Loans, Guarantees and Investments covered
under the provisions of Section 186 of the Companies
Act, 2013, if any, have been discLosed in the financiaL
statements and forms part of this AnnuaL Report.

22. auditor''s reportand qualification given
by the auditors

(a) STATUTRY auditors:

At the 04^th AGM heLd on 27 September 2024, M/s. PKF
Sridhar and Santhanam LLP, Chartered Accountants,
(Firm Registration No. 003990S/ S200018) were
appointed as Statutory Auditors of the Company
for a period of five (5) consecutive years and shaLL
hoLd office tiLL the conclusion of 09^th AnnuaL GeneraL
Meeting.The Auditors'' Report for the financial
year ended March 31, 2026 contain a quaLification,
reservation or adverse remark and require further
expLanation or comments from the Board under
Section 134(3) of the Companies Act, 2013.

FoLLowing Qualification have mentioned in their Audit
Report for the Financial Year 2025-26;

Observation

1. As on 31^st March, 2026, as the insurance
survey and reLated procedures in reLation to
the insurance cLaim of H 98.19 miHion of M/s.
PLatinum PoLymers and Additives (Partnership
Firm), one of the subsidiaries of the Company,
are stiLL in progress, auditors are unabLe to
determine whether any adjustments are
required to the gross carrying amount of
investment in subsidiary of H 100 miLLion and
Loan to subsidiary of H 6 miLLion recognised
in the ResuLts.

Company''s Reply: Management is confident of
reaLizing the fuLL amount of the insurance cLaim of
H 98.19 miLLion on completion of the insurance survey
and other reLated procedures.

During the year under review, there were no
instances of fraud reported by the auditors, under
Section 143(12) of the Companies Act, 2013 to the
Audit Committee or the Board of Directors.

(B) SECRETARIAL auditors:

Further, in terms of Section 204 of the Act and
ReguLation 24A of the SEBI Listing ReguLations, the
members at the 05^th AGM heLd on 30 September
2025 has on the recommendation of Board of
Directors and Audit Committee, approved the
appointment of M/s. Mayank Arora & Co., Practicing
Company Secretaries, as the SecretariaL Auditors
of the Company, to hoLd office for a term of five (5)
consecutive years with effect from financiaL year
2025-26 to financiaL year 2029-30.

In accordance with the SEBI Circular dated 08
February 2019 read with ReguLation 24A of the SEBI
Listing ReguLations, the Company has obtained an
AnnuaL Secretarial Compliance Report from M/s.
Mayank Arora & Co., Practicing Company Secretaries,
confirming compLiances with aLL appLicabLe SEBI
Listing ReguLations, CircuLars and GuideLines for
the financiaL year 2025-26. The AnnuaL SecretariaL
CompLiance Report for abovesaid financiaL year has
been submitted to the stock exchanges within 60
days of the end of the said financial year.

The Secretarial Audit Report in the Form MR-3 for
the financial year ended March 31, 2026 is set out in
Annexure “D" to this Report. However, the Secretarial
Auditors have made foLLowing observation in their
Audit Report; .

1. The mandatory disclosure that "remote e-voting
shaLL not be aLLowed beyond the said date and
time," as required under RuLe 20(4)(v)(f)(A) of the
Companies (Management and Administration)
RuLes, 2014, was not incLuded in the Company''s
newspaper advertisement dated 09.09.2025.

Company''s Reply: The Company have mentioned
the end date and time for remote e-voting which
eventuaLLy interprets that beyond such date and time
the e-voting is not aLLowed. ALso we acknowLedge
that such errors won''t be repeated.

(C) cost AUDITORS:

Pursuant to Section 148 of the Companies Act, 2013
read with the Companies (Cost Records and Audit)
RuLes, 2014, Your Company is required to prepare,
maintain as weLL as have the audit of its cost records
conducted by a Cost Accountant in whoLe time
practice and accordingly, it has made and maintained
such cost accounts and records. The Board, on
the recommendation of the Audit Committee has
appointed M/s Ashish Bhavsar & Associates, Cost
Accountants to carry out the Cost Audit and issue
Cost Audit Report for the Financial Year 2026-27 at
a professional fee of H 85,000/- (Rupees Eighty-Five
Thousand OnLy) pLus appLicabLe taxes, if any.

The remuneration payabLe to the Cost Auditors is
required to be pLaced before the Members in a

GeneraL Meeting for their ratification. AccordingLy,
a resolution seeking Members'' ratification for the
remuneration payabLe to M/s. Ashish Bhavsar &
Associates, forms part of the Notice of the 06^th AGM
forming part of this AnnuaL Report.

The Cost Audit Report for the year under review
issued by M/s. Ashish Bhavsar & Associates, Cost
Accountants, does not contain any quaLification,
reservation or adverse remark or disclaimer.

(D) INTERNAL AUDITORS:

Pursuant to the provisions of Section 138 of the
Companies Act, 2013 and The Companies (Accounts)
RuLes, 2014, the Board of Directors, has on the
recommendation of the Audit Committee, appointed
M/s PipaLia SinghaL & Associates, as an InternaL Auditor
of the Company for the financiaL year 2025-26 to conduct
internaL audit of the Company on Quarterly basis which
was pLaced before the Audit Committee and Board of
Directors for their review and consideration.

23. DETAILS WITH RESPECT TO CONSERVATION
of energy, technology ABSORPTION AND
foreign exchange earnings and outgo

DetaiLs with respect to conservation of energy, technology
absorption and foreign exchange earnings and outgo as
required under Section 134(3)(m) of the Companies Act,

2013 read with Rule 8 of the Companies (Accounts) Rules,

2014 are set out in Annexure “E" to this Report.

24. PARTICULARS OF EMPLOYEES AND RELATED
DISCLOSURES:

The information required pursuant to Section 197(12)
read with RuLe 5 (1) of The Companies (Appointment
and Remuneration of ManageriaL PersonneL) RuLes, 2014
(“RuLes”) in respect of the ratio of remuneration of a
director to the median remuneration of the employees of
the Company for the financiaL year is annexed herewith
and marked as Annexure “F" to this Report.

The statement containing names of top ten employees
in terms of remuneration drawn and the particulars
of empLoyees as required under Section 197(12) of
the Act read with RuLe 5(2) and 5(3) of the Companies
(Appointment and Remuneration of Managerial Personnel)
RuLes, 2014, is provided in a separate annexure forming
part of this Report.

Further, the report and the accounts are being sent to
the Members excluding the aforesaid annexure. In terms
of Section 136 of the Act, the said annexure is open for
inspection by the shareholders at the Registered Office of
your Company during business hours on working days of
your Company and if any Member interested in obtaining
a copy of the same may write to the Company Secretary
at [email protected].

25. statement on declaration given by
independent directors

Pursuant to the provisions of section 149(7) of the Act and
Regulation 25 of the Listing regulations, aLL Independent
Directors of the Company have given declaration that
they meet the criteria of independence Laid down in
Section 149(6) of the Act and Regulation i6(i)(b) of Listing
Regulations. The Independent Directors of the Company
have confirmed that they have enroLLed themseLves in
the Independent Directors'' Databank maintained with
the Indian Institute of Corporate Affairs (“IICA”) in terms of
Section 150 of the Act read with RuLe 6 of the Companies
(Appointment and Qualification of Directors) RuLes, 2014.

26. secretarial standards of icsi

The Directors state that proper systems have been
devised to ensure compLiance with the appLicabLe Laws.
Pursuant to the provisions of Section 118 of the Act, 2013
during FY 2025-26, the Company has adhered with the
appLicabLe provisions of the Secretarial Standards (“SS-1”
and “SS-2”) reLating to ‘Meetings of the Board of Directors''
and ‘GeneraL Meetings'' issued by the Institute of Company
Secretaries of India (“ICSI”) and notified by MCA.

27. deposits

During theyear under review, yourCompany neither accepted
any deposits nor there were any amounts outstanding at the
beginning of the year which were classified as ‘Deposits'' in
terms of Section 73 of the Companies Act, 2013 read with the
Companies (Acceptance of Deposit) RuLes, 2014 and hence,
the requirement for furnishing of detaiLs of deposits which
are not in compliance with the Chapter V of the Companies
Act, 2013 is not appLicabLe.

28. statement for development and
implementation of risk management
policy:

Pursuant to the provisions of Section 134(3)(n) of
the Companies Act, 2013, The Company has a risk
management framework for the identification and
management of risks. The Company has been foLLowing
the processes and procedures for assessment and
mitigation of various business risks associated with the
nature of its operations and such adaptation has heLped
the Company to a very Large extent.

As per Regulation 21 of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements)
ReguLation, 2015, the top 1000 Listed entities need to
constitute Risk Management Committee and adopt Risk
Management PoLicy. Therefore, the Company is not required
to constitute Risk management Committee and adopt Risk
Management PoLicy. Nevertheless, the Company''s Risk
Assessment PoLicy has been duLy updated and is avaiLabLe
on its officiaL websitehttps://pLatinumindustriesLtd.com/
poLicies-discLosures-compLiance/?tab=poLicies.

29. disclosure as per sexual harassment
of women at workplace (prevention,
prohibition and redressal) act, 2013 and
the rules framed thereunder

Your Company is fuLLy committed to uphoLd and maintain
the dignity of every woman working with the Company.
Your Company has Zero toLerance towards any action
on the part of any one which may faLL under the ambit of
‘SexuaL Harassment at workplace''.

Pursuant to the SexuaL Harassment of Women at
Workplace (Prevention, Prohibition and RedressaL) Act,
2013 (“POSH Act”) and RuLes made thereunder, the
Company has formed an InternaL CompLaint Committee
(“ICC”) for its workplaces to address compLaints pertaining
to sexuaL harassment in accordance with the POSH Act.
The Company has a detaiLed poLicy for prevention of
sexuaL harassment at workplace which ensures a free and
fair enquiry process with cLear timeLines for resolution and
is upLoaded on the website of the Company

The detaiLs of compLaints fiLed, disposed and pending
are given beLow:

(a) Number of compLaints of sexuaL harassment
received in the financiaL year 2025-26 - NIL

(b) Number of compLaints disposed off during the
financiaL year 2025-26 - NIL

(c) Number of cases pending for more than
ninety days - NIL

(d) Number of compLaints pending as on end of the
financiaL year 2025-26 - NIL

Further detaiLs have been provided in Corporate
Governance Report forming part of this report.

30. compliances of the provisions relating
to maternity benefit act 1961:

The Company has compLied with the provisions of the
Maternity Benefit Act, 1961, including aLL appLicabLe
amendments and ruLes framed thereunder. The Company
is committed to ensuring a safe, inclusive, and supportive
workplace for women employees. ALL eLigibLe women
empLoyees are provided with maternity benefits as
prescribed under the Maternity Benefit Act, 1961, including
paid maternity Leave, nursing breaks, and protection from
dismissal during maternity Leave.

The Company aLso ensures that no discrimination is made
in recruitment or service conditions on the grounds of
maternity. Necessary internaL systems and HR poLicies are
in pLace to uphoLd the spirit and Letter of the Legislation.

31. gender-wise composition of employees

In alignment with the principles of diversity, equity, and
inclusion (DEI), the Company discLoses beLow the gender
composition of its workforce as on the March 31, 2026.

MaLe Employees: 132
FemaLe Employees: 23
Transgender Employees: NIL

This disclosure reinforces the Company''s efforts to
promote an incLusive workpLace cuLture and equaL
opportunity for aLL individuals, regardLess of gender.

32. health, safety and environment

During the year, the Company continued to focus on
resource conservation and reduction in generation of
hazardous wastes and enhanced its efforts to positively
impact the environment in which it operates. ALL the
manufacturing facilities and processes are subject to
reguLar inspections and a Safety Audit is carried out at
PaLghar pLant and preventive measures are taken to
ensure high standards of safety. Your Company has taken
adequate insurance cover for aLL its pLants and continues
to work towards the improvement of our environment, a
heaLthy and safe management system.

The Company has obtained necessary approvaLs
from concerned Government Department /
PoLLution ControL Board.

33. insurance

The Company takes a very cautious approach towards
insurance. Adequate cover has been taken for aLL stock
and fixed assets for various types of risks. The Company
has Directors and Officers LiabiLity Insurance PoLicy to
provide coverage against the LiabiLities arising on them.

34. material changes and commitments

The Company has not made any materiaL changes or
commitments which affect the financiaL position of the
Company between the end of the financiaL year to which
the financiaL statements reLate and the date of signing of this
report, except as mentioned beLow during the financiaL year:

• A fire incident occurred at the factory of our Subsidiary

Entity (Partnership Firm), M/s PLatinum PoLymers
and Additives, situated at GUT No. 181/11 to 181/26,
ViLLage Dhansar, PaLghar, Maharashtra, 401404.
However, the affected operations was temporariLy
shut. Further the Asset at the affected pLant is insured
and the insurance cLaim is under process.

35. Board Diversity

The Company recognizes and embraces the importance of
a diverse Board in its success. Your Company beLieves that
a truLy diverse Board wiLL Leverage differences in thought,
perspective, knowledge, skiLL, regionaL and industry
experience, cuLturaL and geographicaL background, age,
ethnicity, race and gender, which wiLL heLp the Company to
retain its competitive advantage. The Board has adopted
the Board Diversity PoLicy which sets out the approach to

diversity of the Board of Directors. The poLicy is avaiLabLe
on our website athttps://plat.inumindust.riesltd.com/
policies-disclosures-compliance/?t.ab=policies

36. management discussion and analysis
report

Management Discussion and AnaLysis Report as required
under ScheduLe V of the SEBI (Listing ObLigations and
DiscLosure Requirements) ReguLations, 2015 forms part
this AnnuaL Report is attached herewith on Page No. 44.

37. corporate governance report

Your Company believes in conducting its affairs in a fair,
transparent and professional manner along with good ethical
standards, transparency and accountabiLity in its deaLings
with aLL its constituents. The Company has compLied with
all applicable provisions of SEBI (LODR) Regulations 2015,
relating to Corporate Governance. A Separate Report on
Corporate Governance annexed as Annexure “G" along with
the certificate from the Practicing Company Secretary of the
Company annexed as Annexure “K" confirming the compliance
of the conditions of Corporate Governance by the Company as
required under Para E of Schedule V to the Listing Regulations,
2015 is annexed hereto and forms an integral part of this Report.

38. prevention of insider trading

Pursuant to the provisions of the Securities and Exchange
Board of India (Prohibition of Insider Trading) Regulations,
2015 and amendments thereto, the Board has formuLated
and implemented a Code of Conduct to reguLate, monitor
and report trading by its designated Persons and other
connected persons and Code of Practices and Procedures
for fair disclosure of Unpublished Price Sensitive
Information. The trading window is cLosed during the time
of declaration of resuLts and occurrence of any materiaL
events as per the code. The same is avaiLabLe on the
Company''s websitehttps://pLatinumindustriesLtd.com/

39. vigil mechanism/ whistle blower policy:

As per provisions of Section 177(9) of the Companies Act, 2013
read with ReguLation 22(1) of SEBI Listing ReguLations, your
Company has adopted a WhistLe BLower PoLicy, to provide
a formaL vigiL mechanism to the Directors and employees
to report their grievances / concerns about instances of
unethicaL behavior, actuaL or suspected fraud or violation of
Company''s Code of Conduct, Breach of contract. The PoLicy
provides for adequate safeguards against victimization
of empLoyees who avaiL of the mechanism and provides
for direct access to the Chairman of the Audit Committee
in certain cases. It is affirmed that no personnel of your
Company have been denied access to the Audit Committee.

The detaiLs of the poLicy as weLL as its webLink are contained
in the Corporate Governance Report and website of the
Company athttps://pLatinumindustriesLtd.com/poLicies-
discLosures-compLiance/?tab=poLicies.

40. significant and material orders passed
by the regulators or courts

The Company made an overseas direct investment
(ODI) in its subsidiary without submitting Part I of Form
ODI within the prescribed timeLines, which was not in
compliance with the provisions of the FEMA ReguLations,
2004. RBI passed the Compounding Order 28^th October
2025 and Levied penaLty of H 5,38,000/- (Rupees Five Lakh
Thirty Eight Thousand OnLy).

Other than above, there were no significant and materiaL
orders passed by the Regulators, Courts, or Tribunals that
couLd impact the going concern status of the Company
and its future operations.

41. policy for selection, appointment and
remuneration of directors

nomination and remuneration policy

The Board has on the recommendation of the Nomination
and Remuneration Committee under sub-section (3) of
section 178, framed and adopted a poLicy for selection
and appointment of Directors, Key Managerial Personnel,
Senior Management Personnel and their remuneration
pursuant to the provisions of the Companies Act, 2013 and
the Listing ReguLations, 2015.

The saLient features of the PoLicy, are:

a. Appointment and remuneration of Director,
Key ManageriaL PersonneL and Senior
Management Personnel.

b. Determination of qualifications, positive attributes and
independence for appointment of a Director (Executive/
Non-Executive/Independent) by Nomination and
Remuneration Committee and recommendation to
the Board for the matters reLating to the remuneration
for the Directors, Key ManageriaL PersonneL and Senior
Management Personnel.

c. Formulating the criteria for performance evaluation
of aLL Directors.

d. Board Diversity.

The Company''s poLicy inter-aLia, on Directors'' appointment
and remuneration, including criteria for determining
quaLifications, positive attributes, independence of
a Director and other matters provided under the Act
is avaiLabLe on the website of the Companyhttps://
pLatinumindustriesLtd.com/poLicies-discLosures-
compLiance/?tab=poLicies.

42. details of difference between amount
of the valuation done at the time of one
time settlement and the valuation done
while taking loan from the banks or
financial institutions along with the
reasons thereof

No such instance during the financial year 2025-26.

43. details of application made or proceeding
pending under insolvencyand bankruptcy
code 2016 during the YEAR:

During the year under review, there was no proceeding
pending under the Insolvency Bankruptcy Code, 2016

44. investor relations:

RedressaL of Investors Grievances:

Your Company gives an utmost attention in resoLving the
grievances of its investors on a timeLy basis. The investor
compLaints/ grievances are resoLved by the Company
and aLso by the Company''s Registrar and Share Transfer
Agent viz. M/s Bigshare Services Private Limited being
the Registrar and Share Transfer Agent of the Company.

BSE Listing Centre and NEAPS (NSE ELectronic
AppLication Processing System):

Your Company ensures in compliance of appLicabLe
regulations of SEBI LODR ReguLations and aLL the
compliances reLated fiLings or disclosures are made to the
BSE Limited and NSE through web-based applications
viz., BSE Listing center and NSE AppLication Processing
System NEAPS within the stipulated timeLine as prescribed
under the SEBI LODR ReguLations.

SCORES (SEBI compLaints redress system):

SEBI processes investor compLaints in a centralized web-
based compLaints redressaL system i.e., SCORES. Through
this system a shareholder can Lodge a compLaint against
a Company for his grievance. The Company upLoads
the action taken on the compLaint which can be viewed
by the sharehoLder. The Company and sharehoLder can
seek and provide cLarifications onLine through SEBI. The
investor compLaints are aLso handLed and resoLved by the
Company''s Registrar and Share Transfer Agent viz. M/s
Bigshare Services Private Limited and your Company is
kept updated reguLarLy.

ExcLusive emaiL ID for Investors:

Your Company has established an emaiL id cs@
pLatinumindustriesLtd.com

Your Company keeps its investors updated by posting
aLL the discLosures made with the stock exchanges in
compliances with Regulation 46 of SEBI LODR ReguLations
from time to time.

45. MD/CFO Certification

The Certificate required under Regulation 17(8) SEBI
Listing ReguLations, 2015 duLy signed by the Managing
Director and CFO was submitted to the Board for the
FinanciaL Year 2025-26 and the same is annexed as
Annexure - “H" to this Report.

46. certificate on compliance with code of
conduct

The Managing Director has confirmed that the Company
has obtained from aLL the members of the Board and
Senior Management PersonneL, the affirmation that they
have compLied with the ‘Code of Conduct'' in respect of
the financiaL year 2025-26 and the same is annexed as
Annexure - “I" to this Report.

47. certification about DIRECTORS:

None of the directors of the Company has been debarred
or disqualified from being appointed or continuing as
Directors by Securities and Exchange Board of India and
Section 164 of the Companies Act 2013. A certificate to this
effect, shaLL be issued by a Practicing Company Secretary
is appended to this Report in Annexure - “J".

48. business responsibility and sustainability

REPORT

Pursuant to ReguLation 34(2)(f) of the SEBI Listing
ReguLations, the Business ResponsibiLity and SustainabiLity

Report (“BRSR”) is appLicabLe to top one thousand Listed
entities based on Market CapitaLisation. Therefore, it is not
appLicabLe on the Company.

49. events subsequent to the date of

FINANCIAL STATEMENTS

As on the date of this Report, your Directors are not aware
of any circumstances not otherwise deaLt with in this
Report or in the financial statements of your Company,
which wouLd render any amount stated in the Accounts of
the Company misleading. In the opinion of the Directors,
no item, transaction or event of a materiaL and unusuaL
nature has arisen in the intervaL between the end of the
financiaL year and the date of this report, which wouLd
affect substantiaLLy the resuLts, or the operations of your
Company for the financiaL year in respect of which this
report is made.

50. APPRECIATION AND ACKNOWLEDGMENTS

The Board of Directors pLaces on record their gratefuL
appreciation for the assistance and continued support
received from various CentraL and State Government
Departments, Organizations and Agencies invoLved
therein. Your Directors aLso gratefuLLy acknowLedge aLL
stakehoLders of the Company viz. Customers, Members,
DeaLers, Vendors, Banks and other business partners for
the exceLLent support received from them during the year
under review. The Directors pLace on record their sincere
appreciation to aLL empLoyees of the Company for their
unstinted commitment and continued contribution to
achieve goaLs of the Company.

Your directors have the pleasure in presenting the 04th Annual Report on the Business and operation of the Company along with its Audited Standalone and Consolidated Financial Statements for the Financial year ended on March 31st, 2024 of your Company.

FINANCIAL HIGHLIGHTS:

During the financial year 2023-24, Platinum Industries Limited demonstrated robust financial performance, achieving significant growth across key metrics. The Company reported a consolidated revenue of 72,669.80 million, reflecting a 14.67% increase from 72,325.55 million in the previous fiscal year. On a standalone basis, revenue grew by 7.86%, reaching 72,532.69 million compared to 72,347.94 million in FY 2022-23. This growth was driven by strong operational efficiency and the successful execution of strategic initiatives.

Profitability also showed marked improvement, with the Company''s Profit After Tax (PAT) on a consolidated basis rising by 15.74% to 7435.02 million from 7375.84 million in the prior year. This increase in profitability was supported by effective cost-management strategies that enhanced operational margins. The Company reported an EBITDA of 7636.89 million, up 16% from the previous year, with an improved EBITDA margin of 24%, underscoring its ability to optimise resources and control expenses.

A key highlight of the year was the substantial strengthening of the balance sheet, facilitated by the proceeds from the Initial Public Offering (IPO). This financial boost allowed Platinum Industries to significantly reduce its debt-to-equity ratio to a low of 0.02, down from 0.28 in FY 2023, with the intent to reach debt-free status. The Company''s enhanced financial flexibility positions it well to fund its ambitious growth plans, including major capital investments in expanding production capacities.

The Company made significant capital expenditures, including the expansion into the new Palghar facility and the construction of a new 30,000-ton capacity plant in Egypt, both aimed at meeting growing global demand. These strategic investments are expected to drive future growth, particularly in the Middle East and North Africa regions, leveraging the strategic location near the Suez Canal to optimise logistics and distribution costs.

The Financial performance of the Company during the year is as under:

(Rs in Millions)

Notes:

There are no material changes or commitments affecting the financial position of the Company between the end of the financial year and the date of this report.

OPERATIONAL HIGHLIGHTS

During the financial year 2023-24, Platinum Industries Limited achieved significant operational milestones, most notably through a successful Initial Public Offering (IPO) that raised 72,353.17 million and secured listings on both BSE and NSE. This capital infusion enabled the Company to pursue strategic greenfield expansions, including the acquisition of additional land parcels in Palghar, Maharashtra, and the development of a new 30,000-ton capacity facility in Egypt, expected to become operational by Q2 FY 25-26. The core business operations remained unchanged, with a strong emphasis on enhancing production capacities for non-lead-based and PVC stabilisers, reflecting a commitment to sustainability. The Company successfully expanded into new geographical markets, reducing dependency on any single region and strengthening its global presence, particularly in the Middle East and North Africa through the Egyptian facility. Additionally, significant investments were made in Research & Development to advance eco-friendly products and energy-efficient processes, underscoring Platinum Industries'' dedication to innovation and adherence to global environmental standards. These operational advancements have positioned the Company for sustained growth and enhanced competitive advantage in the industry.

CONSOLIDATED FINANCIAL STATEMENTS

The Consolidated Financial Statements of the Company and its Subsidiaries for the financial year ended March 31, 2024, prepared in accordance with the Companies Act, 2013 and Ind AS-110 on Consolidated Financial Statements form part of this Annual Report and same shall also be laid in the ensuing Annual General Meeting in accordance with the provisions of Section 129(3) of the Companies Act, 2013.

In accordance with the provisions of Section 136 of the Companies Act, 2013, the Standalone and Consolidated Financial Statements of the Company along with the documents required to be attached thereto and separate financial statements in respect of its subsidiary companies are available on its website i.e. www.platinumindustriesltd.com and are also available for inspection at its Registered Office.

DIVIDEND

The Board of Directors aim to grow the business lines of the Company and enhance the rate of return on investments of the shareholders. With a view to financing the long-term growth plans of the Company that requires substantial resources, the Board of Directors did not recommend any dividend for the year under review.

RESERVES

The amount of Net Profit during the year of '' 433.29 million is transferred to the Reserve and Surplus Account under review. Also, the amount of Security Premium of '' 2349.43 million is transferred to Reserve and Surplus during the year.

WEBLINK OF ANNUAL RETURN

Pursuant to the provisions of Sections 92(3) and I34(3)(a) of the Act and the Companies (Management and Administration) Rules, 2014, the Annual Return in Form MGT-7 which will be filed with the Registrar of Companies/MCA, can be accessed on the website of the Company i.e. www.platinumindustriesltd.com

DETAILS OF THE ASSOCIATES/ JOINT VENTURE / SUBSIDIARIES COMAPANIES

The Company is having 3 (Three) Subsidiary Companies falling under the purview of Section 2(87) of the Companies Act, 2013. In accordance with Rule 8(1) of the Companies (Accounts) Rules, 2014, a report on their performance and financial position is presented herein below:

i. M/s. Platinum Global Additives Private Limited, incorporated in India on 01st June, 2020, wherein the Company holds 99.95% stake by way of 19,990 Equity Shares.

ii. M/s. Platinum Oleo Chemicals Private Limited, incorporated in India on 29th August, 2023, wherein your Company holds 99.99% stake by way of 1,49,990 Equity Shares.

iii. M/s. Platinum Stabilizers Egypt LLC, is a limited liability company incorporated on 27th July, 2022 in Suez, Egypt, wherein your Company holds 99.99% stake by way of 9,99 Equity Shares.

Further, your Company has an Associate Entity where the Company is a Partner in M/s. Platinum Polymers and Additives through its Authorized Representative Mrs. Parul Krishna Rana, Director with a Contribution of '' 4,50,000 representing 50% of the Total Contribution.

Furthermore, the Company does not have any material subsidiary as on date, however, the policy for determining its ‘Material'' Subsidiaries was formulated and the same is available on the website of the Company www. platinumindustriesltd.com

In accordance with proviso to Section 129(3) read with Rule 5 of the Companies (Accounts) Rules, 2014, the Company has prepared Consolidated Financial Statements which form part of this Annual Report. A separate statement containing salient features of the financial statements of the Company''s Subsidiaries in Form AOC-1 is attached to the financial statements of the Company and forms part of this Annual Report as Annexure “A". The audited financial statements including the consolidated financial statements of the Company and all other documents required to be attached thereto are available on the Company''s website. The financial statements of the Subsidiary Companies are available on the Company''s website i.e. www.platinumindustriesltd.com

INITIAL PUBLIC OFFERING (IPO)

During the financial year ended March 31, 2024, the Company had made an Initial Public Offering (IPO) of 13,761,225 equity shares of '' 10.00 each at a price of '' 171 per equity share (including a Share premium of '' 161 per equity share).

The total proceeds received by the Company pursuant to the IPO aggregate to 2,353.17 million by way of fresh issue of equity shares to the public. The Offer was subscribed to the extent of 99.03 times. The Board remains grateful to all investors for their overwhelming response to the IPO.

The shares of the Company have been listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) w.e.f. March 05, 2024. The Company''s shares are compulsorily traded in dematerialized form.

CHANGE IN SHARE CAPITAL STRUCTURE Authorized Share Capital

The Authorized Share Capital of the Company is '' 60,00,00,000/- (Rupees Sixty Crores Only) divided into 6,00,00,000 (Six Crores) Equity Shares of '' 10/- (Rupees Ten) each.

During the year under review, there was no change in the authorized share capital of the Company.

Paid-up Share Capital

The subscribed and paid-up share capital of your Company stands at '' 54,92,48,730/- (Rupees Fifty-Four Crore Ninety-Two Lakhs Forty Eight Thousand Seven Hundred and Thirty only) consisting of 5,49,24,873 equity shares of '' 10/-(Rupees Ten) each.

During the year under review, the Company has issued and allotted shares on Pre-IPO Placement of 910,700 Equity Shares of '' 10/- each fully paid-up by way of a private placement at an issue price of '' 157 per Equity Share (including a premium of '' 147 per Equity Share) at the Meeting of the Board of Directors held on January 17, 2024.

Further, the company has allotted a Fresh issue of 1,37,61,225 Equity Shares of '' 10/- each fully paid-up by way of the Initial Public offer of equity shares of '' 171 per Equity Share (including a premium of '' 161 per Equity Share) at the Meeting of the Board of Directors held on March 01, 2024

Your Company''s equity shares are listed and traded on BSE Limited and National Stock Exchange of India Limited. ANNUAL PERFORMANCE EVALUATION BY THE BOARD

Provisions of Section 134(3), 149(8) and Schedule IV of the Companies Act, 2013 read with Regulation 4(2)(f )(9) of the SEBI Listing Regulations, 2015 mandates that the Board shall monitor and review the Board evaluation framework. The Companies Act, 2013 states that a formal annual evaluation needs to be made by the Board of its own performance and that of its Committees and Individual Directors. The annual evaluation process of the Board of Directors, its Committees and the Individual Directors including the Chairman of the Company was carried out in the manner prescribed by the Companies Act, 2013 the guidance note on Board Evaluation issued by SEBI and as per the Corporate Governance requirements prescribed by SEBI Listing Regulations. A structured questionnaire was circulated for reviewing the functioning and effectiveness of the Board, its Committees, the Individual Directors including the Chairman of the Company. All the directors participated in the evaluation survey. The evaluation criterion for the Directors was based on their participation, contribution and offering guidance to and understanding of the areas which are relevant to them in their capacity as members of the Board. Responses were analyzed and the results were subsequently discussed by the Board. Recommendations arising from the evaluation process was considered by the Board to optimize its effectiveness.

Performance evaluation of every Director was done by the Independent Directors at their meeting held on 21st March, 2024.

The Independent Directors reviewed the performance of the Board as a whole and it was concluded that every member of the Board is taking active participation in the decision making process at the Board Meeting/s and is equally involved in the affairs of the Company. The Board is appropriate with the right mix of knowledge and skills required to drive organizational performance in the light of future strategy and to conduct its affairs effectively. The Board of Directors is effective in establishing a corporate environment that promotes timely and effective disclosure, fiscal accountability, high ethical standards and compliance with applicable laws and regulations. The Board of Directors is effective in developing a corporate governance structure that allows and encourages the Board to fulfill its responsibilities.

DIRECTORS AND KEY MANAGERIAL PERSONNEL Directors

As on March 31, 2024, Board of your Company comprises of 7 (seven) Directors, including 4 (Four) Independent Directors, and 3 (Three) Executive Director.

The Chairman is the Executive Director Key Managerial Personnel

Changes during the period under review:

During the year under review, the following changes occurred in the Board of Directors:

• The Board of Directors express their deep condolences at the sad demise of Mr. Dushyant Bhaskar Rana, Director of the Company passed on April 01st, 2023 and the same has been filed with ROC in e-Form DIR-12.

• Mr. Anup Singh (DIN: 08889150), was appointed as an Additional Director of the Company in the Board Meeting held on April 14th, 2023, subsequently regularized as an Executive Director at the Extra Ordinary General Meeting held on June 12th, 2023.

• Mr. Robin Banerjee (DIN: 00008893), was appointed as an Additional Director (Independent Director, Non-Executive) of the Company in the Board Meeting held on 06th September, 2023, subsequently regularized as a Director (Independent Director, Non-Executive) at the Annual General Meeting held on 28th September, 2023.

Changes after the closure of financial year under review:

• Mr. Narendrakumar Raval had resigned from the position of Chief Financial officer and Key Managerial Personnel of the company due to some personal reason with effect from closure of Business hour on 12th August, 2024.

• Mr. Gyandeep Mittal has been appointed as Chief Financial officer and Key Managerial Personnel of the company with effect from 12th August, 2024.

Disclosure of Remuneration paid to Directors:

• The details of remuneration paid to the Directors is given in the Report on Corporate Governance.

Statement with regard to Integrity, Expertise and Experience of the Independent Directors

Your directors are of the opinion that Independent Directors of the Company are of high integrity, suitable expertise and experience (including proficiency). The Independent Directors have given declaration under sub section (6) of Section 149 of the Act. The tenure of Independent Directors is in compliance with the provisions of Section 149(10).

DIRECTORS RESPONSIBILITY STATEMENT

The financial statements of the company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014. The financial statements have been prepared on an accrual basis and there are no material departures from prescribed accounting standards in the adoption of these standards.

Pursuant to the provisions of Section 134(5) of the Companies Act 2013, the directors confirm that:

• In the preparation of the annual accounts for the financial year ended March 31, 2024, the applicable accounting standards have been followed.

• The directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period.

• The directors have taken proper and sufficient care towards the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

• The directors have prepared the annual accounts on a going concern basis.

• The directors have laid down internal financial controls, which are adequate and are operating effectively.

• The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and

such systems are adequate and operating effectively.

RE-APPOINTMENT OF DIRECTOR

In accordance with the provisions of the Section 149 and 152 and other applicable provisions of the Companies Act, 2013 and the Articles of Association of the Company, Consequently, Mr. Anup Singh (DIN: 08889150), Executive Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, has offered himself for re-appointment in accordance with the provision of the Companies Act, 2013

The details of the Director seeking re-appointment at the ensuing AGM along with other details in pursuance of Regulation 36(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is annexed to the Notice of the Annual General Meeting. The Board has confirmed that Mr. Anup Singh satisfies the fit and proper criteria as prescribed under them applicable regulations and that he is not disqualified from being appointed as a director in terms of Section 164(2) of the Companies Act, 2013. The Board recommends the re-appointment.

MEETINGS OF THE BOARD

The Board of Directors met 15 (Fifteen) times during the financial year 2023-24. The details of Board and Committee meetings held during the year are set out in the Corporate Governance Report annexed herewith and forms part of this report. The gap between the two consecutive Meetings was within the period prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS (IDs)

In terms of Regulation 25(7) of the Listing Regulations and the Companies Act, 2013, the Company is required to conduct the Familiarization Programme for Independent Directors (IDs) to familiarize them about their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc., through various initiatives. Directors are made aware of the significant news developments and highlights from various regulatory authorities viz. Securities and Exchange Board of India (SEBI), Ministry of Corporate Affairs (MCA), etc.

The Directors are regularly apprised about their roles, rights and responsibilities in the Company from time to time as per the requirements of the Listing Regulations with the Stock Exchanges and Companies Act, 2013 read together with the Rules and Schedules thereunder. The policy of the familiarization programme is available at www.platinumindustriesltd. com.

COMMITTEES OF THE BOARD:

The Board of Directors of the Company constituted the following Committees:

a) Audit Committee

b) Nomination and Remuneration Committee

c) Stakeholders Relationship Committee

d) Corporate Social Responsibility Committee

The Committees'' composition, charters and meetings held during the year and attendance there at, are given in the Report on Corporate Governance forming part of this Annual Report.

RELATED PARTY TRANSACTIONS

All transactions with related parties under the section 188 of companies act 2013, were reviewed and approved by the Audit Committee and are in accordance with the Policy on Related Party Transactions, formulated and adopted by the Company and were on arm''s length basis and in the ordinary course of the business. Omnibus approval from the Audit Committee is obtained for the related party transactions.

There were no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons which might have potential conflict with the interest of the Company at large. Accordingly, the disclosure of related parties transactions as required under section 134(3)(h) of the Companies

Act , 2013 in the prescribed form AOC-2 is appended as Annexure “B" to the Directors Report. AH Related Parties Transactions are placed before the Audit Committee for approval. Omnibus approval was obtained on a yearly basis for transactions which are of repetitive nature. Transactions entered into pursuant to omnibus approval are placed before the Audit Committee and the Board for review on a quarterly basis. None of the Directors has any pecuniary relationship or transactions vis-a-vis the Company except remuneration drawn by self or their relative in capacity of the Director or otherwise and sitting fees.

The Policy on Related Party Transactions, as required under the Listing Regulations, is available on the website of the Company at www.platinumindustriesltd.com.

INTERNAL FINANCIAL CONTROL SYSTEM AND ITS ADEQUACY

The Board of Directors has laid down standards, processes and procedures for implementing the internal financial controls across the organization. After considering the framework of existing internal financial controls and compliance systems; work performed by the Internal, Statutory and Secretarial Auditors and External Consultants; reviews performed by the Management and relevant Board Committees including the Audit Committee, the Board of Directors are of the opinion that the Company''s internal financial controls with reference to the financial statements were adequate and effective during the financial year 2023-24.

DEVIATION(S) OR VARIATION(S) IN THE USE OF PROCEEDS OF INITIAL PUBLIC ISSUE (IPO), IF ANY:

There were no instances of deviation(s) or variation(s) in the Utilization of proceeds of IPO as mentioned in the objects of Offer in the Prospectus dated March 01, 2024, in respect of the IPO of the Company.

CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES:

As per Section 135 of the Companies Act, 2013 and rules made thereunder, the Corporate Social Responsibility Committee (“CSR Committee”) has been formulated, and as a part of initiative under “Corporate Social Responsibility” (CSR), the Company has contributed funds towards promotion of health care, education, Old Age home, women empowerment, cleanliness and sanitation environmental sustainability, rural welfare programs, essentials to poor and needy. CSR activities were undertaken by the Company in Mumbai where the Head office of the Company is located.

The implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company. A brief outline of the CSR policy of the Company and the details of activities/initiatives taken by the Company on CSR during the year as per annexure attached to the Companies (Corporate Social Responsibility Policy) Rules, 2014 have been appended as Annexure “C" to this Report. The said policy is available on the website of the Company at www. platinumindustriesltd.com.

PARTICULARS OF LOANS, GUARANTEES OR INVESTENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013

Particulars of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013, if any, have been disclosed in the financial statements.

AUDITOR''S REPORT (A) STATUTRY AUDITORS:

In accordance with the provisions of Section 139 of the Act and Rules made thereunder, M/s. AMS & Co., Chartered Accountants (Firm Reg. No.: 130878W) were appointed as the Statutory Auditors of the Company in the 02nd Annual General Meeting (AGM) of the Company held on 30th September, 2022 to hold office for a period of five years from the conclusion of the 02nd AGM held in the year 2022 till the conclusion of the 07th AGM of the Company to be held in the year 2027. Further the Company has received resignation Letter from M/s AMS & Co. on 12th August, 2024.

Further the Company has appointed M/s PKF Sridhar and Santhanam LLP (Firm Reg. No. 003990S/ S200018), Statutory Auditor of the Company at the Board meeting held on 12th August, 2024, subject to the approval of Shareholders at the 04th Annual General Meeting of the Company to be held on the year 2024 for a period of 5 years upto 09th Annual General Meeting of the Company to be held in 2029.

The Auditors'' Report for the financial year ended March 31, 2024 does not contain any qualification, reservation or adverse remark.

During the year under review, there were no instances of fraud reported by the auditors, under Section 143(12) of the Companies Act, 2013 to the Audit Committee or the Board of Directors.

(B) SECRETARIAL AUDITORS:

In accordance with the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors have appointed M/s. Mayank Arora & Co., Company Secretaries as Secretarial Auditor of the Company for the financial year 2023-24.

The Secretarial Audit Report in the Form MR-3 for the financial year ended March 31, 2024 is set out in Annexure “D" to this Report.

However, the Secretarial Auditors have made following observation in their Audit Report;

Observation: Pursuant to Regulation 31(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company submitted shareholding pattern on the same day of listing instead of one day prior to listing of its securities on the stock exchanges as NSE and BSE login credentials were intimated by the stock exchange on 5th March, 2024 (date of listing).

Company''s Reply: Since the Company has received the Login Credential of NSE and BSE Website on 05th March, 2024. Therefore, the Company was not able to file the same on 04th March, 2024. Also, there was no penalty imposed by the exchange in this regard.

(C ) COST AUDITORS:

In accordance with the provisions of Section 148 of the Companies Act, 2013 read with Rule 14(a) of the Companies (Audit and Auditors) Rules, 2014, the Board of Directors, has on the recommendation of the Audit Committee, appointed M/s. Ashish Bhavsar & Associates, Cost Accountants as Cost Auditors of the Company for the financial year 2023-24.

However, the Cost Auditors have made following observation in their Audit Report;

Observation:

a. Revenue from operations for the company of current FY.2023-24 is i ncreased by 7.50 % ('' 1754.59 lakhs) as compared to previous F.Y.2022-23.

b. Profit before tax for the company of current F.Y.2023-24 is increased by 18.87 % ('' 926.86 lakhs) as compared to previous F.Y.2022-23.

Company''s Reply: There has been an increase in sales of the Company over the year and there is improvement in the operating margin and reduction in the operating expenses during the year.

(D) INTERNAL AUDITORS:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 and The Companies (Accounts) Rules, 2014, the Board of Directors, has on the recommendation of the Audit Committee, appointed M/s Pipalia Singhal & Associates, as an Internal Auditor of the Company for the period 01st January, 2024 to 31st March, 2025 to conduct internal audit of the Company.

Earlier M/s PKF Sridhar & Santhanam LLP was appointed as Internal Auditors of the Company who has tendered their resignation with effect from 20th February, 2024.

DETAILS WITH RESPECT TO CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Details with respect to conservation of energy, technology absorption and foreign exchange earnings and outgo as required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are set out in Annexure “E" to this Report.

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

The information required pursuant to Section 197(12) read with Rule 5 (1) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (“Rules”) in respect of the ratio of remuneration of a director to the median remuneration of the employees of the Company for the financial year is annexed herewith and marked as Annexure “F" to this Report.

The report and financial statements are being sent to the members of the Company excluding the statement of particulars of employees under Rule 5(2). However, these are available for inspection during business hours up to the date of the forthcoming AGM at the registered office of the Company.

DECLARATION BY INDEPENDENT DIRECTORS

Pursuant to the provisions of section 149(7) of the Act and Regulation 25 of the listing regulations all Independent Directors of the Company have given declaration that they meet the criteria of independence laid down in Section 149(6) of the Act and Regulation 16(1) (b) of Listing Regulations and also affirmed compliance regarding online registration with the ‘Indian Institute of Corporate Affairs'' (IICA) for inclusion of name in the databank of Independent Directors.

SECRETARIAL STANDARDS OF ICSI

The Directors state that proper systems have been devised to ensure compliance with the applicable laws. Pursuant to the provisions of Section 118 of the Act, 2013 during FY 2024, the Company has adhered with the applicable provisions of the Secretarial Standards (“SS-1” and “SS-2”) relating to ‘Meetings of the Board of Directors'' and ‘General Meetings'' issued by the Institute of Company Secretaries of India (“ICSI”) and notified by MCA

PUBLIC DEPOSIT

During the year under review, your Company neither accepted any deposits nor there were any amounts outstanding at the beginning of the year which were classified as ‘Deposits'' in terms of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014 and hence, the requirement for furnishing of details of deposits which are not in compliance with the Chapter V of the Companies Act, 2013 is not applicable.

RISK MANAGEMENT:

Pursuant to the provisions of Section 134(3)(n) of the Companies Act, 2013, The Company has a risk management framework for the identification and management of risks. The Company has been following the processes and procedures for assessment and mitigation of various business risks associated with the nature of its operations and such adaptation has helped the Company to a very large extent.

The Risk Assessment Policy is duly updated on the website of the Company www.platinumindustriesltd.com

DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013 AND THE RULES FRAMED THEREUNDER

The Company is committed to provide a healthy environment to all its employees and has zero tolerance for sexual harassment at workplace. In order to prohibit, prevent and redress complaints of sexual harassment at workplace, it has constituted a Complaint Committee in line with the provisions of Section 4(1) of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has not received any complaint of Sexual Harassment during the financial year 2023-24.

HEALTH, SAFETY AND ENVIRONMENT

During the year, the Company continued to focus on resource conservation and reduction in generation of hazardous wastes and enhanced its efforts to positively impact the environment in which it operates. All the manufacturing facilities and processes are subject to regular inspections and a Safety Audit is carried out at Palghar plant and preventive measures are taken to ensure high standards of safety. Your Company has taken adequate insurance cover for all its plants and continues to work towards the improvement of our environment, a healthy and safe management system.

The Company has obtained necessary approvals from concerned Government Department / Pollution Control Board. INSURANCE

All the insurable interests of your Company including inventories, buildings, plant, stock and machinery and liabilities under legislative enactments are adequately insured.

MATERIAL CHANGES AND COMMITMENTS

In pursuance to section 134(3)(L) of the Act, no material changes and commitments have occurred after the closure of the financial year to which the financial statements relate till the date of this report affecting the financial position of the Company.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report prepared pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part this Annual Report is attached herewith on Page 36

CORPORATE GOVERNANCE REPORT

The Company has complied with all mandatory provisions of SEBI (LODR) Regulations 2015, relating to Corporate Governance. A Separate Report on Corporate Governance annexed as Annexure “G" along with a certificate from the Secretarial Auditors of the Company confirming the compliance of the conditions of Corporate Governance by the Company as required under Para E of Schedule V to the Listing Regulations, 2015 is annexed hereto and forms an integral part of this Report.

OTHER DISCLOSURES:

During the year under review, your Company has filed (2) Two Applications for Adjudication which are:

a. Under Section 76A of the Limited Liability Partnership Act, 2008: For non-filing of prescribed LLP Form-8 for the Financial Year ended March 31, 2020 in contravention of Section 34(2) and 34(3) of the Limited Liability Partnership Act, 2008 read with Rule 24 of the Limited Liability Partnership Rules, 2009 and Section 134 of the Companies Act, 2013.

b. Under Section 454 of the Companies Act, 2013: With respect to inadvertent omission in attaching of Form AOC-1, AOC-2 and CSR Annexure in e-Form AOC-4.

During the year under review, your Company has filed (3) Three Applications for Compounding which are:

a. Under Section 441 of the Companies Act, 2013: For compounding of Offense for default under Section 139(1) of the Companies Act, 2013 by inadvertent appointment of Auditor for a period of One year instead of Five years. Final Order has been passed by the Regional Director, Mumbai on 31st May, 2024.

b. Under Section 441 of the Companies Act, 2013: For compounding of Offense for default under Section 185 of the Companies Act, 2013.

c. Under Section 441 of the Companies Act, 2013: For compounding of Offense for default under Section 54 of the Companies Act, 2013

PREVENTION OF INSIDER TRADING

Pursuant to the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and amendments thereto, the Board has formulated and implemented a Code of Conduct to regulate, monitor and report trading by its designated Persons and other connected persons and Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information. The trading window is closed during the time of declaration of results and occurrence of any material events as per the code. The same is available on the Company''s website www. platinumindustriesltd.com

VIGIL MECHANISM/ WHISTLE BLOWER POLICY:

In accordance with the provisions of Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Listing Regulations, 2015 the Company has adopted a Whistle Blower Policy to provide a mechanism to its directors, employees and other stakeholders to raise concerns about any violation of legal or regulatory requirements, misrepresentation of any financial statement and to report actual or suspected fraud or violation of the Code of Conduct of the Company. The policy provides systematic mechanism to report the concerns and adequate safeguards against the victimization, if any. The policy is available on the Company''s website www.platinumindustriesltd.com.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

Under Section 441 of the Companies Act, 2013: For compounding of Offense for default under Section 139(1) of the Companies Act, 2013 by inadvertent appointment of Auditor for a period of One year instead of Five years. The order was passed dated 31st July, 2024 by Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai for Compounding Application filed by the company under Section 441 of the Companies Act, 2013, resulting Compounding fees of total '' 1,50,000/- on the Company and Directors.

POLICY FOR SELECTION, APPOINTMENT AND REMUNERATION OF DIRECTORS INCLUDING CRITERIA FOR THEIR PERFORMANCE EVALUATION

NOMINATION AND REMUNERATION POLICY

The Board has on the recommendation of the Nomination and Remuneration Committee under sub-section (3) of section 178, framed and adopted a policy for selection and appointment of Directors, Senior Management and their remuneration pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, 2015.

The salient features of the Policy, are:

a. Appointment and remuneration of Director, Key Managerial Personnel and Senior Management Personnel.

b. Determination of qualifications, positive attributes and independence for appointment of a Director (Executive/ Non-Executive/Independent) and recommendation to the Board matters relating to the remuneration for the Directors, Key Managerial Personnel and Senior Management Personnel.

c. Formulating the criteria for performance evaluation of all Directors.

d. Board Diversity.

The Company''s policy inter-alia, on Directors'' appointment and remuneration, including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under the Act is available on the website of the Company www.platinumindustriesltd.com.

DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF

No such details.

DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE 2016 DURING THE YEAR:

During the year under review, there was no proceeding pending under the Insolvency Bankruptcy Code, 2016

INVESTOR RELATIONS:

Redressal of Investors Grievances:

Your Company gives an utmost care in resolving the grievances of its investors on a timely basis. The investor complaints/ grievances are resolved by the Company and also by the Company''s Registrar and Share Transfer Agent viz. M/s Bigshare Services Private Limited being the Registrar and Share Transfer Agent of the Company.

BSE Listing Centre and NEAPS (NSE Electronic Application Processing System):

Your Company ensures in compliance of applicable regulations of SEBI LODR Regulations and all the compliances related filings or disclosures are made to the BSE Limited and NSE through web-based applications viz., BSE Listing center and NSE Application Processing System NEAPS within the stipulated timeline as prescribed under the SEBI LODR Regulations.

SCORES (SEBI complaints redress system):

SEBI processes investor complaints in a centralized web-based complaints redressal system i.e., SCORES. Through this system a shareholder can lodge a complaint against a Company for his grievance. The Company uploads the action taken on the complaint which can be viewed by the shareholder. The Company and shareholder can seek and

provide clarifications online through SEBI. The investor complaints are also handled and resolved by the Company''s Registrar and Share Transfer Agent viz. M/s Bigshare Services Private Limited and your Company is kept updated regularly.

Exclusive email ID for Investors:

Your Company has established an email id [email protected]

Your Company keeps its investors updated by posting all the disclosures made with the stock exchanges in compliances with Regulation 46 of SEBI LODR Regulations from time to time.

APPRECIATION AND ACKNOWLEDGMENTS

The Directors wish to acknowledge and place on record their sincere appreciation for the assistance and co-operation received from all the members, regulatory authorities, customers, financial institutions, bankers, lenders, vendors and other business associates.

The Directors also recognize and appreciate all the employees for their commitment, commendable efforts, teamwork, professionalism and continued contribution to the growth of the Company.

For and on behalf of the Board of Directors PLATINUM INDUSTRIES LIMITED

(Formerly known as PLATINUM INDUSTRIES PRIVATE LIMITED)

KRISHNA DUSHYANT RANA

DATE: AUGUST 12, 2024 MANAGING DIRECTOR

PLACE: MUMBAI DIN: 02071912