Objective :
1. Investment in our Subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”) for financing its capitalexpenditure requirements in relation to the setting up of a manufacturing facility for PVC Stabilizersat SC Zone, Governorate of Suez, Egypt. (“Proposed Facility 1 (Egypt)”);2. Funding of capital expenditure requirements of our Company towards setting up of a manufacturingfacility for PVC Stabilizers at Palghar, Maharashtra, India (“Proposed Facility 2 (Palghar)”);3. Funding working capital requirements of our Company; and4. General corporate purposes.