Platinum Industries Ltd., a global leader in the manufacturing of PVC and CPVC additives, has convened a Board meeting on October 24 to discuss and explore strategic global acquisition opportunities and evaluate potential fund-raising initiatives to drive company’s growth and accelerate global expansion.

Platinum Industries has achieved a remarkable compound annual growth rate (CAGR) of 31% in revenue from FY 2020-21 to FY 2023-24, all while maintaining a debt-free status and without relying on any debt instruments. This growth highlights the company's strong financial health, establishing it as a cash-rich enterprise.

The fund-raising initiatives will be by way of issue of one or more instruments, including issue of equity shares but not limited to any other convertible securities including warrants, through preferential issues, private placements or any other methods or a combination thereof as may be permitted by applicable laws, which shall be subject to necessary regulatory/statutory approvals and shareholder approvals.

As India's leading PVC stabiliser manufacturer, Platinum supplies to over 30 countries from its ISO 9001:2015 certified facility in Palghar, Maharashtra, strategically located near JNPT Port for efficient import and export operations. The company's product range includes lead stabilisers, Hybrid low lead stabilisers, Highstab Ca- Zn/Ca-Org stabilisers, CPVC compounds, CPVC Add Packs, Metal Soaps and various lubricants, which are used in PVC pipes, fittings, profiles, electrical wires and cables, SPC floor tiles, Roofing and packaging materials.