PDS Limited has incorporated a new wholly owned subsidiary, PDS Global Sourcing Limited, effective March 20, 2026. The incorporation was announced through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details and Investment

The company has made a strategic investment in the new subsidiary through cash consideration. The investment details are structured as follows:

Business Focus and Operations

PDS Global Sourcing Limited will operate in the textiles and apparels industry. The subsidiary has been established with comprehensive business objectives aimed at strengthening PDS Limited's market presence. The primary goal involves establishing a comprehensive presence in the textile industry through multiple operational channels.

The subsidiary's business strategy encompasses:

• Manufacturing, processing and trading of garments, textiles, fibres, and yarns
• Expanding reach across domestic and international markets
• Operating through retail, wholesale, and e-commerce channels
• Enhancing value, profitability, and operational efficiency

Regulatory Compliance

The incorporation has been completed in accordance with regulatory requirements, with no specific governmental or regulatory approvals needed for the establishment. The disclosure has been made pursuant to Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD-2/CIR/P/2024/185 dated December 31, 2024.

Strategic Significance

The establishment of PDS Global Sourcing Limited represents a strategic expansion initiative for PDS Limited in the textiles sector. The wholly owned subsidiary structure provides complete operational control while enabling focused business development in manufacturing, processing, and trading activities across multiple market channels.

PDS Limited has successfully concluded its postal ballot process with shareholders approving all five proposed resolutions through remote e-voting. The results were declared on March 14, 2026, following the completion of the voting process that commenced on February 13, 2026.

Postal Ballot Results Overview

The company received overwhelming shareholder support across all resolutions, with 92,868,795 votes polled out of 141,378,383 total shares, representing a 65.69% participation rate. The voting process was conducted entirely through electronic means, with 31,233 shareholders eligible to participate as of the cut-off date of February 6, 2026.

ESOP Framework Enhancement

The approved amendments significantly expand the company's Employee Stock Option Plan framework. The existing PDS Limited - Employees Stock Option Plan B ("PDS ESOP (B) 2021"), originally approved at the 10th Annual General Meeting on July 30, 2021, had reached ~84.08% utilization of its 5,06,740 options pool.

Corporate Restructuring Approval

Shareholders unanimously approved the relocation of the company's registered office from Maharashtra to Haryana, receiving the highest approval rate of 99.9983%. This strategic move aligns with the company's operational requirements and regulatory compliance objectives.

Voting Process and Compliance

The postal ballot process was conducted under the supervision of Sunny Gogiya from SGGS & Associates, who served as the scrutinizer. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) facilitated the e-voting process as the Electronic Voting Service Provider. The company maintained full compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations.

The approved resolutions enable the company to extend ESOP benefits to subsidiary employees, authorize the PDS Multinational Fashions ESOP Trust for secondary market acquisitions, and provide necessary financial assistance for ESOP implementation. These measures strengthen the company's employee retention and reward framework while ensuring adequate pool availability for future grants to eligible employees across the organization.