PDS Limited has completed the sale of its remaining 49% stake in DBS Lifestyle India Private Limited. The transaction was finalized on September 21, 2026, marking the conclusion of the disinvestment process initiated earlier this year.

The company executed a Share Purchase Agreement with Mr. Bhawnish Suri, Mrs. Divya Suri, and DBS Lifestyle India Private Limited for the transfer of the equity interest. This move follows an earlier intimation issued by the company on August 20, 2026, regarding the execution of the agreement.

Corporate Structure Changes

Consequent to the completion of the stake sale, DBS Lifestyle India Private Limited ceased to be an associate company of PDS Limited effective September 21, 2026. Two other entities linked through this structure also lost their associate status on the same date:

• Suri Overseas Private Limited
• Pangram Brands Global Private Limited

Regulatory Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both the National Stock Exchange of India Limited and BSE Limited of the update on disinvestment.

Abhishek Kanoi, Group General Counsel & Company Secretary at PDS Limited, signed the intimation letter. The registered office of the company is located in Gurgaon, Haryana, while its corporate office is based in Mumbai, Maharashtra.

PDS Limited filed its Sustainability Report 2026 with stock exchanges on September 3, 2026. The report, titled "Responsible by Design," discloses the company's environmental, social, and governance performance for FY25-26.

The filing aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It outlines the company's progress toward net-zero emissions by FY2050 and its commitment to science-based targets.

Economic Highlights

PDS reported consolidated revenue of ₹13,110 crore for the period, representing a +4.2% growth. The gross merchandise value reached ₹19,666 crore, up +4.9%. The company maintained a 21% gross margin.

Environmental Performance

The company recorded total energy consumption of 84,712.83 GJ. Renewable energy utilization increased to 6.3% of the total energy mix, up from 3.45% in the prior year. Scope 1 emissions stood at 6,401.09 tCO₂e, while Scope 2 emissions were 5,228.90 tCO₂e. Scope 3 emissions totaled 784,092 tCO₂e.

PDS has committed to reducing absolute Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by FY2030 from a FY2024 base year. The company aims for net-zero emissions across the value chain by FY2050.

Social Responsibility

The workforce comprised 10,283 individuals, including 4,371 employees and 5,912 workers. Women constituted 27% of employees and 80% of workers. The company reported zero fatalities and zero high-consequence injuries during the reporting period.

Governance

The Board of Directors includes 25% female representation. PDS achieved Progressive Level status in the Cascale Membership Requirements cycle. The company reported zero statutory non-compliance cases and zero pending whistleblower complaints for FY25-26.