PDS Ltd

PDS Limited announced that Northern Apparel Limited, a step-down subsidiary in Hong Kong, has transferred its entire stake in Northern Brands Limited, a step-down subsidiary in the United Kingdom, effective October 8, 2026. The transaction, for a consideration of £1, or approximately Rs 108.92, means Northern Brands, UK, no longer is a step-down subsidiary of PDS Limited, and is not expected to materially impact the company's financial position, business operations, or financial performance.

PDS Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for dealing in securities of the company will be closed for all insiders, including designated persons and their immediate relatives, from Thursday, October 1, 2026, until 48 hours after the announcement of financial results for the quarter and half year ending September 30, 2026.

PDS Limited announced that Design COE Limited, a step-down subsidiary in Hong Kong, incorporated a new entity named “Design COE Canada Inc.” in Ontario, Canada, on September 21, 2026, as a wholly owned subsidiary, with an approximate cost of Rs 95,765, representing $1,000, and PDS Limited holding 85% of the shareholding.

PDS Limited announced it has entered into a Share Purchase Agreement with Mr. Bhawnish Suri, Mrs. Ramma Sahni, and DBS Lifestyle India Private Limited on August 20, 2026, to sell its remaining 49% stake in DBS Lifestyle, an associate company, for Rs 9,17,48,425.00, which is approximately USD 9.59 Lakh, with the transaction expected to be completed by October 31, 2026, subject to certain conditions; the divestment aligns with the company’s strategy to rationalize its portfolio of loss-making ventures and improve profitability.

PDS Limited announced that its Nomination and Remuneration Committee approved the allotment of 18,300 equity shares to employees of the company and its subsidiaries on August 7, 2026, under the PDS Limited – Employee Stock Option Plan 2021 – Plan A. Consequently, the company's issued, subscribed, and paid-up capital increased to Rs 28,29,20,866, representing 14,14,60,433 equity shares, from the previous Rs 28,28,84,266 and 14,14,42,133 shares.

PDS Limited will hold a board meeting on Friday, August 7, 2026, to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a filing with the National Stock Exchange of India Limited and BSE Limited.

Under the agreement, PDS will manage and operate the retailer's textile sourcing operations across Bangladesh, Pakistan, India, Sri Lanka, and Turkey, further strengthening its presence in the global sourcing and supply chain services market. The French retailer, one of the world's largest retail groups, serves millions of customers daily through an extensive network of stores across multiple countries. Under the agreement, PDS will provide end-to-end sourcing and supply chain services through a dedicated operating subsidiary, supporting the retailer's textile sourcing strategy with a more agile sourcing model. The company expects to manage apparel sourcing valued at more than $250 million in annual free-on-board (FOB) volume. The partnership is scheduled to commence from 1 November and marks a further expansion of PDS' long-term platform relationships with leading global retailers. 'We are delighted to partner with one of the world's most respected retailers. This partnership reflects the strength of PDS's platform model and our ability to deliver sourcing at scale with speed, agility, and responsibility. We look forward to building a long-term relationship that creates real value for the retailer, its customers, and our supply chain partners,' said Pallak Seth, executive vice chairman, PDS Limited. Sanjay Jain, Group CEO, said: This partnership is a testament to the capabilities we have built across our global sourcing platform. Through sustained investments in digital capabilities, technology, and operational excellence, we have created a scalable and agile operating model that enables us to support the evolving sourcing needs of leading global retailers. We look forward to delivering this partnership with excellence while creating long-term value for all our stakeholders. PDS is a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide, handling over $2.2 billion of Gross Merchandise Value. The company operates a vast global network covering over 90 offices in 22 countries, with over 4,400 employees and 7,500 factory associates worldwide. The company's consolidated net profit increased 21.71% year-on-year to Rs 49.05 crore in the quarter ended March 2026 from Rs 40.30 crore in the corresponding quarter of the previous year. Revenue from operations declined marginally by 0.19% to Rs 3,519.03 crore from Rs 3,525.77 crore in the year-ago period. Powered by Capital Market - Live

The key equity barometers continued to trade with significant losses in the morning trade as investor sentiment remain wary of escalating geopolitical tensions following the US-Iran conflict. Fears of higher crude oil prices and mounting inflationary pressures dampened sentiment, pushing the Nifty below the 24,100 level. Market participants will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and corporate business updates, as well as the progress of the southwest monsoon for cues on market direction. Auto shares witnessed profit booking after advancing in the past two trading sessions. At 10:25 IST, the barometer index, the S&P BSE Sensex declined 521.65 points or 0.67% to 77,094.75. The Nifty 50 index fell 140.25 points or 0.57% to 24,071.25. In the broader market, the BSE 150 MidCap Index fell 0.76% and the BSE 250 SmallCap Index declined 1.05%. The market breadth was weak. On the BSE, 1,373 shares rose and 2,282 shares fell. A total of 214 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement jumped $1.69 or 2.03% to $84.99 a barrel. Economy: India's retail inflation breached the Reserve Bank's target for the first time in 17 months, government data showed on Monday, setting the stage for interest rate hikes in an economy at risk from a prolonged West Asia conflict. The consumer price index rose to 4.38% year-over-year in June, up from 3.93% figure that was recorded in May. Inflation was led by higher fuel and food costs, which rose amid Iran war-driven supply disruptions and a delay in seasonal rains. The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for the month of June was 5.32%, India's Ministry of Statistics and Program Implementation said in a Monday release. Transport inflation rose 4.3% in June, quicker than the 1.75% rise in May. Result Today: LT Technology Services(up 0.25%), Tata Elxsi(down 1.21%), Jindal Saw(down 0.54%), SG Finserve(up 0.87%), Anand Rathi Share & Stock Brokers (down 0.85%), Den Networks(up 1.06%), Benares Hotels(down 0.31%), Aditya Birla Money(up 0.22%), Dhampur Bio Organics (down 2%) will announce their quarterly earnings today. Buzzing Index: The Nifty Auto index declined 1.56% to 26,559.95. The index jumped 1.14% in the past two trading sessions. Ashok Leyland (down 3.15%), Tube Investments of India (down 2.9%), Mahindra & Mahindra (down 2.27%), Bajaj Auto (down 2.14%) and TVS Motor Company (down 1.88%), Uno Minda (down 1.81%), Tata Motors Passenger Vehicles (down 1.77%), Samvardhana Motherson International (down 1.44%), Bharat Forge (down 1.34%) and Eicher Motors (down 1.11%) declined. Stock in Spotlight: PDS surged 13.14% after the company has signed a multi-year sourcing partnership with a French retailer to manage more than $250 million in annual apparel free-on-board (FOB) sourcing volume, effective November 1. Khaitan Chemicals & Fertilizers fell 2.28% after the company reported a 49.04% year-on-year decline in standalone net profit to Rs 10.91 crore for Q1 FY27, compared with Rs 21.41 crore in the year-ago period. Revenue from operations declined 6.09% YoY to Rs 220.03 crore during the quarter.Powered by Capital Market - Live

PDS announced that the 15th Annual General Meeting(AGM) of the company will be held on 31 July 2026.

PDS announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 1.65 per equity Share (i.e. 82.5%) , subject to the approval of the shareholders.