Platinum Corporation Outcome Of Board Meeting - Nov 28, 2008

Platinum Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on November 26, 2008, inter alia, has taken the following decisions:

1. Appointed Mr. Mitul shah, as an additional director of the Company.

2. Resignation of Mr. Pragnesh Patel as director of the Company.

3. To raise funds by offering, issuing and allotting on right basis in ratio of 1:2 at the face value of equity shares of the Company, and 2,40,00,000 crore (Two crore forty lakhs only) shares on preferential basis to non-promoters and 50,00,000 (fifty lakhs only) shares to promoters of the Company, subject to the consent of members of the Company.

4. Withdraw the offer to raise funds to the tune of Rs 20 crores (twenty crores only) by offering, issuing and allotting 10 crore (ten crore) convertible warrants and 10 crore (ten crore) shares on preferential basis, as decided in the board meeting dated October 25, 2008.

5. To increase the authorized capital from the existing authorized capital of Rs 32,00,00,000 (Thirty two crores only) to Rs 35,00,00,000 (Thirty five crores only) by issuing 3,00,00,000 (three crores) equity shares at Rs 1 per share.

6. To convene an Extra Ordinary General Meeting of the members of the Company on December 29, 2008.

7. Draft notice for the extra ordinary general meeting is duly approved and authorizes the secretary / director or other person to issue the notice convening the extra ordinary general meeting.

Board Meeting Of Platinum Corporation

Platinum Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on May 16, 2008, inter alia, has approved and decided the following:

1. To seek approval of the members to issue further equity shares on preferential basis to Directors, Promoters and their relatives not exceeding 5% in the present year and to issue warrants to them not exceeding 10% subsequently.

2. Convening Extra Ordinary General Meeting of the Company on June 17, 2008 for obtaining approval of the members of the Company to the Proposals mentioned at Sr. no 1.

3. Constitution of GDR Committee.

Platinum Corporation - Outcome Of Board Meeting

Platinum Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on April 02, 2008, decided to consider further course of action of the resolution passed by the shareholders of the Company at their Extra-ordinary General Meeting held on February 15, 2008 relating to further issue of shares for raising funds for an amount not exceeding Rs 6500.00 lacs through various available options. After discussions it was decided to raise funds through issue of Global Depository Receipts.
Further the Company has decided to change the Registered Office of the Company from 4th floor, A-wing, Maradia Plaza, C G Road, Ahmedabad- 380006 to 402, Sakar-III, Near Income Tax Circle, Ahmedabad- 380009 with immediate effect.

Platinum Corporation - Outcome Of EGM

Platinum Corporation Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 15, 2008, inter alia, have discussed / approved the following:

1. Increase the Authorised Share Capital of the Company from Rs 12 Crores to Rs 32 Crores divided in to 32 Crores Equity Shares of Re 1 each and consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authorizing the Board to raise the funds through further issue of shares through various available options i.e. by way of GDRs, FCCBs, and/or Equity Shares through QIPs upto an amount not exceeding Rs 6500.00 lacs in terms of various applicable provisions of the law.

3. Increase the limit of investment by FIIs from 24% to 74% of Paid up Equity Capital of the Company.

Platinum Corporation - Outcome Of Board Meeting

Platinum Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on February 13, 2008, inter alia, has decided the following:

1. To conduct postal ballots for obtaining sanction of the members of the Company to delist the Companys equity shares from the Ahmedabad Stock Exchange Ltd and Vadodara Stock Exchange Ltd.

2. Appointment of Mr. Krunal N Patel & Mr. Pragnesh R Patel as Directors of the Company to be an Independent Directors of the Company.

3. Acceptance of resignation of Mr. Jignesh D Shah & Mr. Jayesh D Shah as Directors of the Company.