Nature of the Event

On July 23, 2026, the company transferred 409 equity shares in DBS Lifestyle India Private Limited ("DBS Lifestyle"), representing 2% of its share capital.

Transaction Details

  • Date of Agreement: July 23, 2026
  • Date of Completion: July 23, 2026
  • Consideration Received: ₹82,51,575 (approximately USD 85,486.32)
  • Buyer: Mr. Bhawnish Suri of A-161 Third Floor, New Friends Colony, South Delhi, Delhi, 110057, India
  • Related Party Status: The transaction is a related party transaction but was conducted at arm's length. The buyer is not a member of the Promoter and/or Promoter Group of PDS Limited.
  • Scheme of Arrangement: The sale is not part of any Scheme of Arrangement.

Impact on Corporate Structure

Consequent to this transfer:

  • PDS Limited's shareholding in DBS Lifestyle reduced to approximately 49% of its equity share capital.
  • DBS Lifestyle ceased to be a subsidiary of PDS Limited effective July 23, 2026, and is now classified as an associate company.
  • Suri Overseas Private Limited and Pangram Brands Global Private Limited, which were indirect step-down subsidiaries through DBS Lifestyle, have ceased to be step-down subsidiaries.
  • Pangram Celebrity Brands Private Limited ("Pangram Celebrity") has ceased to be a subsidiary due to the reduction in the company's indirect shareholding. PDS Limited maintains a direct equity holding of 28.7% in Pangram Celebrity, which is now classified as an associate.

Financial Impact Assessment

The company states that this transaction is not expected to have any material impact on its financial position, business operations, or financial performance.

Financial Data of Entities (Last Financial Year)

  • PDS Limited (regarding this unit): Turnover: ₹1803.90 Lakhs (0.14% of Consolidated Turnover); Net worth: ₹-138.81 Lakhs (-0.07% of Consolidated Net worth)
  • DBS Lifestyle India Private Limited: Turnover: Nil; Net worth: ₹4.1 Lakhs (Nil percentage of Consolidated Net worth)
  • Suri Overseas Private Limited: Turnover: Nil; Net worth: ₹3.06 Lakh (Nil percentage of Consolidated Net worth)
  • Pangram Brands Global Private Limited: Turnover: Nil; Net worth: ₹1 Lakh (Nil percentage of Consolidated Net worth)