PDS Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's depositories regulations. The filing demonstrates the company's commitment to maintaining transparency and regulatory compliance in securities market operations.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 6, 2026, to both the National Stock Exchange of India Limited and BSE Limited.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar issued the compliance certificate confirming adherence to regulatory requirements during the quarter.

The certificate confirms that securities received from depository participants for dematerialization during the quarter were properly processed. All securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are traded.

Dematerialization Process Compliance

The registrar confirmed several key compliance aspects:

• Securities received for dematerialization were confirmed or rejected within prescribed timelines
• Security certificates received were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners
• All processes followed regulatory guidelines and timelines

Corporate Information

The filing was signed by Abhishekh Kanoi, Group Legal Head & Company Secretary, demonstrating proper corporate governance procedures. This quarterly compliance certificate represents part of PDS Limited's ongoing regulatory obligations as a publicly listed company, ensuring transparency in securities handling and depository operations.

PDS Limited has announced a significant change in its subsidiary structure, informing stock exchanges that NexStyle Apparel Manufacturing Limited has ceased to be its wholly owned subsidiary. The corporate restructuring became effective from March 31, 2026, marking an important milestone in the company's organizational evolution.

Corporate Structure Change Details

The change in ownership structure occurred as a direct consequence of employee stock option allotments within NexStyle Apparel Manufacturing Limited. This development represents a strategic shift from complete ownership to a diluted stake, reflecting the company's commitment to employee participation through equity-based compensation.

Regulatory Compliance and Disclosure

The announcement was made in strict adherence to regulatory requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. PDS Limited communicated this development to both major stock exchanges where its shares are listed, ensuring complete transparency with market participants.

The notification was signed by Abhishek Kanoi, Group Legal Head & Company Secretary, who holds ICSI Membership No. F-9530. The digital signature was applied on March 31, 2026, at 13:20:48 +05'30', confirming the authenticity and timeliness of the disclosure.

Market and Operational Implications

This corporate restructuring reflects PDS Limited's approach to employee engagement through equity participation programs. The allotment of employee stock options in NexStyle Apparel Manufacturing Limited demonstrates the company's strategy to align employee interests with business performance while maintaining operational control as a majority stakeholder.

The change does not affect PDS Limited's listing status or trading operations, as the company continues to trade on both NSE (Symbol: PDSL) and BSE (Code: 538730) under ISIN INE111Q01021.