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.

PDS Limited has announced a strategic partnership between its manufacturing business and Busana Apparel Group, one of Indonesia's leading apparel manufacturing companies. The collaboration aims to build the next generation of global apparel manufacturing, strengthening PDS' global manufacturing ecosystem. The partnership will enable customers to benefit from diversified manufacturing, greater production scale, and enhanced supply chain resilience.

The global apparel industry is witnessing shifts in sourcing dynamics due to new trade agreements and China Plus One strategies. PDS Limited, with a Gross Merchandise Value (GMV) of over USD 2.2 billion, provides end-to-end solutions across design-led sourcing and manufacturing. Busana Apparel Group generates annual revenues of over USD 500 million and operates facilities across Indonesia, India, Bangladesh, Nicaragua, Honduras, and Italy.

Strategic Benefits

The partnership brings together the complementary strengths of both organizations to jointly pursue new opportunities with global brands. The key benefits for customers include:

• Diversified manufacturing and customer base
• Greater production scale and flexibility
• Faster speed-to-market through an integrated global network
• Enhanced supply chain resilience and risk diversification
• World-class manufacturing excellence and innovation

Financial Overview

PDS Limited reported the following financial metrics for the recent fiscal year:

Pallak Seth, Executive Vice Chairman, stated that the partnership reflects the philosophy that manufacturing is a strategic capability creating lasting value. Sanjay Jain, Group CEO, added that the partnership marks the next step in the company's journey, significantly strengthening its manufacturing platform.