PDS Limited has submitted a regulatory disclosure under Regulation 30 of SEBI Listing Regulations regarding the dissolution of its step-down subsidiary.
Key Dates
- Dissolution effective date: July 22, 2026
- Company notification date: July 24, 2026
- Disclosure filing date: July 24, 2026
Financial Impact
The dissolution has no material impact on the company's financial position as Design COE USA INC did not have any active business operations. Specifically:
- Turnover: Nil
- Percentage of Consolidated Turnover: Nil
- Net worth: Nil
- Percentage of Consolidated Net worth: Nil
Additional Details
The dissolution does not involve any sale consideration, buyer details, related party transactions, or scheme of arrangement elements. The transaction was not a slump sale.