Platinum Industries Ltd Directors Report

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 202526 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)

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 RS. 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 Companys Subsidiaries in Form AOC-i is attached

Material Subsidiaries;

As per the financiaLs for the year ended March 31, 2026, the foLLowing subsidiary is quaLified as a "MateriaL Subsidiary" of the Company for the financiaL year 2026-27:

The above subsidiary quaLifies as a materiaL subsidiary on account of its net worth which is exceeding 10% of the consolidated net worth of the Company, based on the audited financiaL statements of the financiaL year ended 31^st March 2026. However, the net worth of the subsidiary is within 20% of the consolidated net worth of the Company, therefore appointment of independent Director of the Company to its materiaL subsidiary is not mandatory, pursuant to reg. 24(1) of SEBI (LODR) Reg 2015.

The minutes of the Meetings of subsidiaries wiLL be pLaced before the Board of the Company for its review and a statement of aLL significant transactions and arrangements entered by the unListed subsidiary companies wiLL aLso be pLaced before the Board.

The Company wiLL compLy aLL the appLicabLe governance requirements reLating to its materiaL subsidiary during the current year.

8. change in share capital structure

Authorized Share Capital

The Authorized Share CapitaL of the Company is RS. 60,00,00,000/- (Rupees Sixty Crores OnLy) divided

into 6,00,00,000 (Six Crores) Equity Shares of RS. 10/- (Rupees Ten) each.

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

Issued, Subscribed and Paid-up Share Capital

The subscribed and paid-up share capitaL of your Company stands at RS. 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 (Five Crore Forty-Nine Lakhs Twenty-Four Thousand Eight Hundred and Seventy-Three) equity shares of RS. 10/- (Rupees Ten OnLy) each.

During the year under review, there was no change in the issued, subscribed and paid up capitaL of the Company.

a. Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees

The company has not made any provision of money for purchasing its own shares by empLoyees or by trustees for the benefit of empLoyees as per RuLe 16(4) of Companies (Share CapitaL and Debentures) RuLes, 2014.

b. Issue of Sweat Equity Shares

The Company has not issued any sweat equity share during the financiaL year in accordance with the provisions of Section 54 of Companies Act, 2013 read

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

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.

10. directors and key managerial personnel

Directors

As on March 31, 2026, the Board of Directors of your Company comprises 7 (seven) Directors, incLuding 4 (Four) Independent Directors, and 3 (Three) Executive Director. The Chairman is an Executive Director. DetaiLs of the same are as beLow:

As on March 31, 2026, the foLLowing persons have been designated as Key Managerial PersonneL of the Company pursuant to Section 2(51) read with Section 203 of the Act, read with the RuLes framed thereunder.

Key Managerial Personnel

The above disclosure has been given in accordance with Section 158 of the Companies Act 2013, and reference of any of the above directors made in this document be read aLong with the above disclosure of their respective Director Identification Number.

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 paragrapRs. 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.

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

All related party transactions entered into during FY 202526 were on arms 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 arms length basis. There were materially significant Related Party Transaction made by the Company during the year therefore Shareholders 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 arms 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

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. auditors 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 RS. 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 RS. 100 miLLion and Loan to subsidiary of RS. 6 miLLion recognised in the ResuLts.

Companys Reply: Management is confident of reaLizing the fuLL amount of the insurance cLaim of RS. 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 Companys newspaper advertisement dated 09.09.2025.

Companys 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 wont 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 RS. 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.

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.

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 Companys 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

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

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 Companys 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.

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 RS. 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.

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 Companys 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 Companys 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 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.