PDS Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the disposal of a subsidiary stake.
Transaction Details
- Entity Sold: Northern Brands Limited, United Kingdom
- Seller: Northern Apparel Limited (Step-Down Subsidiary in Hong Kong)
- Transaction Date: October 8, 2026
- Consideration: £1 (approximately ₹108.92)
- Completion Date: October 8, 2026
- Notification Date to PDS: October 9, 2026
Financial Impact Assessment
- Turnover Contribution: Approximately ₹3,624,007.06 (GBP 28,509.00), representing 0.0024% of consolidated turnover
- Net Worth: Approximately ₹(12,388,920.28) [GBP (97,460.00)] - negative net worth
- Material Impact: The company explicitly states the transaction is "not expected to have any material impact on its financial position, business operations, or financial performance"
Buyer Information
- Buyer Name: Northern Apparel Limited
- Company Number: 17028030
- Related Party Status: No - transaction does not qualify as related party transaction
Corporate Structure Impact
Effective October 8, 2026, Northern Brands, UK ceases to be a step-down subsidiary of PDS Limited.
Additional Information
The transaction does not fall under related party transactions, slump sale, or Scheme of Arrangement categories. Regulation 37A of SEBI LODR Regulations is not applicable.