BSEBoard Meeting6d ago · 4 Nov 2026, 06:58 pm

Outcome of Board Meeting for approving Unaudited Standalone and Consolidated Financials Results for quarter and half year ended 30th September 2026.

Platinum Industries Ltd · 544134

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Platinum Industries Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. The results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The Limited Review Reports by the Statutory Auditors, PKF Sridhar and Santhanam LLP, have been submitted with a qualified conclusion due to a fire incident at a subsidiary's factory premises in July 2025, resulting in damage to property, plant & equipment, and inventories.

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Platinum Industries Ltd - 544134 - Board Meeting Outcome for Outcome Of Board Meeting Held On 04.11.2026

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Date: 04th November, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Department of Corporate Services Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: PLATIND BSE Scrip Code: 544134 ISIN: INE0PT501018 ISIN: INE0PT501018 Subject: Outcome of Board Meeting pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Dear Sir/ Ma’am, Pursuant to Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we enclose herewith the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2026. The said Results were reviewed and recommended by Audit Committee and approved by the Board of Directors of the Company in their respective meetings held today i.e. Wednesday, 04th November 2026. Further the Limited Review Reports, issued by M/s PKF Sridhar and Santhanam LLP (Firm Reg. No. 003990S/ S200018), Statutory Auditors of the Company, submitted with the modified opinion is also enclosed herewith as Annexure - A. The above information shall be made available on the website of the Company at www.platinumindustriesltd.com. The Meeting commenced at 15.30 P.M. and concluded at 17.10 P.M. Kindly acknowledge the receipt and take the above on your records. Thanking you, Yours sincerely, For, Platinum Industries Limited Bhagyashree Mallawat Company Secretary Place: Mumbai Encl: A/a PLATINUM INDUSTRIES LIMITED CIN: L24299MH2020PLC341637 201, Ackruti Star, Pocket No. 5, Central Road, MIDC, Marol, Andheri East, Mumbai-400069, Maharashtra. Tel.: 022-69983999 / 022-69983900 | E-mail: compliance@platinumindustriesltd.com PKF SRIDHAR & SANTHANAM LLP Chartered Accountants Independent Auditor's Review Report with Qualified Conclusion To the Board of Directors of Platinum Industries Limited Report on the Review of Unaudited Consolidated Financial Results Introduction We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Platinum Industries Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter and half-year ended September 30, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Management’s Responsibility for the Statement This Statement, which is the responsibility of the Parent's Management and has been approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Auditor’s Responsibility Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular No. CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable. Basis for Qualified Conclusion As stated in Note 4 to the Statement and as reported in M/s. Platinum Polymers and Additives (partnership firm) Limited Review Report by its auditors, the partnership firm had a fire incident that occurred on July 07, 2025 at its factory premises in Palghar resulting in damage to certain property, plant & equipment and inventories. The partnership firm has recognised insurance claim receivable of Rs.98.19 million towards the estimated loss. As at September 30, 2026, the insurance survey and PKF SRIDHAR & SANTHANAM LLP • 201, 2nd Floor, Centre Point Building, Dr. Ambedkar Road, Opp. Bharat Mata Cinema, Parel, Mumbai, 400012, India • Tel.: +91 22 2418 0163 / 64 / 65 / 66 • Email: mumbai@pkfindia.in Head Office/Registered Office: 91/92, VII Floor, Dr. Radhakrishnan Road, Mylapore, Chennai, 600004, India • Tel.: +91 44 2811 2985 – 88 Fax.: +91 44 2811 2989 • Email: sands@pkfindia.in • Web: www.pkfindia.in PKF SRIDHAR & SANTHANAM LLP is a registered Limited Liability Partnership with LLPIN AAB-6552 (REGISTRATION NO. WITH ICAI IS 003990S/S200018) Page 1 of 3 PKF SRIDHAR & SANTHANAM LLP Chartered Accountants related procedures are in progress. We believe that the claim receivable should have been recognised only upon acknowledgement of liability by the insurers. In the absence of confirmation from insurer regarding the said receivable, we are unable to determine whether any adjustments are required to the carrying amount of insurance claim receivable recognised. Accordingly, our conclusion is qualified in respect of this matter. Qualified Conclusion Based on our review conducted as stated above, except for the possible effects of the matter described in “Basis for Qualified Conclusion” above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other Matters The Statement includes the results of the following subsidiary entities: a) Platinum Global Additives Private Limited b) Platinum Oleo Chemicals Private Limited c) M/s. Platinum Polymers & Additives (Partnership firm) d) Platinum Stabilizers Egypt LLC e) Rivadu Lifesciences Private Limited We did not review the interim financial results of 3 subsidiaries included in the unaudited consolidated financial results, whose interim financial results reflect total assets of Rs. 1215.10 million as at 30th September 2026 and total revenues of Rs. 114.07 million and Rs. 186.55 million, total net profit/(loss) after tax of Rs. (2.33) million and Rs. 14.83 million and total comprehensive profit of Rs. 11.00 million and Rs. 12.39 million, for the quarter ended 30th September 2026 and for the period from 1st April 2026 to 30th September 2026, respectively, and net cash outflows of Rs. 282.38 million for the period from 1st April 2026 to 30th September 2026, as considered in the unaudited consolidated financial results. These interim financial results have been reviewed by another auditor whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of that subsidiary, is based solely on the report of the another auditor and the procedures performed by us as stated in ‘Auditor’s Responsibility’ section above. PKF SRIDHAR & SANTHANAM LLP • 201, 2nd Floor, Centre Point Building, Dr [Showing first 8,000 characters — download PDF for full document]