PDS Limited has informed stock exchanges that it transferred 409 equity shares, representing 2% of the share capital of DBS Lifestyle India Private Limited ("DBS Lifestyle"), on July 23, 2026. Following this transfer, the company's shareholding in DBS Lifestyle reduced to approximately 49% of its equity share capital, resulting in DBS Lifestyle ceasing to be a subsidiary and being reclassified as an associate of PDS Limited with effect from July 23, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cascading Impact on Step-Down Subsidiaries

The cessation of control over DBS Lifestyle triggered a broader restructuring of PDS Limited's subsidiary structure. Suri Overseas Private Limited and Pangram Brands Global Private Limited, which were indirect step-down subsidiaries of PDS Limited through DBS Lifestyle, have also ceased to be step-down subsidiaries of the company as of July 23, 2026. Additionally, Pangram Celebrity Brands Private Limited has ceased to be a subsidiary of PDS Limited owing to the reduction in the company's indirect shareholding therein. In view of PDS Limited's continuing direct equity holding of 28.7% in Pangram Celebrity Brands Private Limited, it shall henceforth be classified as an associate of the company.

Transaction Details and Buyer Information

The consideration received from the sale of the 409 equity shares of DBS Lifestyle was ₹82,51,575 (~USD 85,486.32). The shares were transferred to Mr. Bhawnish Suri, residing at A-161 Third Floor, New Friends Colony, South Delhi, Delhi, 110057, India. The transferee is not a member of the Promoter and/or Promoter Group of PDS Limited. The transaction has been confirmed to be a related party transaction conducted at arm's length.

Financial Contribution of Affected Entities

The following table presents the financial details of the affected entities as disclosed in Annexure I filed with the exchanges:

No Material Impact on Financials

PDS Limited has clarified that the aforesaid transaction is not expected to have any material impact on its financial position, business operations, or financial performance. The transaction does not fall outside a Scheme of Arrangement under Regulation 37A of the SEBI LODR Regulations, and no slump sale provisions are applicable. The disclosure was signed by Abhishekh Kanoi, Group General Counsel & Company Secretary of PDS Limited.

PDS Ltd has dissolved Design Arc LLC, a step-down subsidiary based in Delaware, USA, effective July 13, 2026. The dissolution is part of an ongoing initiative to streamline the corporate structure by eliminating non-operational and redundant entities. The company was informed of the completion on July 15, 2026. Consequently, Design Arc LLC has ceased to be a step-down subsidiary of PDS Ltd.

The transaction does not have any material impact on the financial position of PDS Ltd, as Design Arc LLC did not have any active business operations. The subsidiary was held by PDS Far East USA Inc, another step-down subsidiary of the company in Delaware. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact of Dissolution

The dissolved entity did not contribute to the consolidated financials of PDS Ltd in the last financial year. The following table details the financial contributions of Design Arc LLC prior to its dissolution.

The required disclosures regarding the cessation of the subsidiary were submitted to the exchanges as per Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.