NSEOutcome of Board Meeting6d ago · 4 Nov 2026, 07:15 pm
Outcome of Board Meeting
Platinum Industries Limited · PLATIND
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Platinum Industries Limited has submitted its unaudited financial results for the quarter and half-year ended September 30, 2026, with a qualified conclusion from its independent auditor due to an insurance claim receivable not being confirmed by the insurer.
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Platinum Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
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PLATINUM_04112026191251_Outcome_of_Board_Meeting.pdf
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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
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