Mumbai, January 28, 2025 – Platinum Industries Limited (NSE: PLATIND, BSE: 544134) has announced the resignation of its Chief Executive Officer (CEO), Krishnan Bhalaji, effective from the close of business hours on February 1, 2025. The resignation was attributed to personal reasons and a decision to relocate back to the Middle East, where he had previously worked.
Key Details of the CEO’s Resignation
- Resignation Date: January 28, 2025.
- Effective Date: February 1, 2025.
- Reason for Resignation: Personal matters and relocation to the Middle East.
- Successor: The company has not announced a replacement, stating that it is not mandatory to fill the CEO position as the Managing Director serves as the Key Managerial Personnel (KMP).
Excerpts from Bhalaji’s Resignation Letter
In his resignation letter, Krishnan Bhalaji expressed gratitude for his tenure at Platinum Industries, stating:"I am greatly honored to have enjoyed a close association with the Platinum Group. I have no doubt that the company will achieve its goals under the visionary leadership of the team. While stepping down, I remain available for any work-related transition assistance."