Platinum Industries Limited has informed the Exchange regarding the fire incident occurred at the factory of our Subsidiary Entity (Partnership Firm), M/s Platinum Polymers and Additives, Palghar.
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On 7th July 2025, a fire broke out at around 3:15 a.m. at the factory of Platinum Industries' subsidiary partnership firm, M/s Platinum Polymers and Additives, located at Village Dhansar, Palghar, Maharashtra. The fire was controlled in time and thankfully there were no casualties or injuries. The affected operations will be temporarily shut down while the company assesses the full extent of the damage. The assets at the plant are adequately insured, and the insurance company has been informed with a survey expected to follow.
Short-term disruption to production at the subsidiary is expected, but the lack of casualties and the presence of adequate insurance coverage should limit financial damage. The stock may see short-term pressure until the scale of loss and recovery timeline are clearer.