PDS Limited has entered into a share purchase agreement to sell its remaining 49% stake in associate company DBS Lifestyle India Private Limited for ₹9,17,48,425. The transaction was announced on August 20, 2026.

The divestment aligns with the company’s stated strategy of rationalising loss-making new verticals to improve overall profitability and allocate capital towards businesses with stronger growth potential.

Transaction Details

The buyers are Mr. Bhawnish Suri and Mrs. Ramma Sahni (buyer nominee). The transferees are not part of the promoter or promoter group of PDS Limited. The transaction is classified as a related-party transaction but was conducted at arm's length.

Upon completion, subsidiaries Suri Overseas Private Limited and Pangram Brands Global Private Limited will also cease to be associate entities of the listed company.

Financial Impact

DBS Lifestyle contributed ₹1803.90 Lakhs in turnover during the last financial year, representing 0.14% of PDS Limited’s consolidated turnover. The associate reported a net worth of ₹-138.81 Lakhs, accounting for -0.07% of the consolidated net worth.

The company stated that the transaction is not expected to have any material impact on its financial position, business operations, or financial performance. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

PDS Limited will participate in the Emkay Confluence 2026 analyst and institutional investor meeting in Mumbai on August 12, 2026. The group meeting is scheduled to run from 9:00 AM to 1:00 PM IST. This engagement allows investors to interact with management regarding the company’s performance and outlook based on publicly available data.

The intimation was issued pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company confirmed its participation following alignment on the conference schedule and management availability. Consequently, the notice was provided at shorter notice than typically required for such events.

Meeting Details

The interaction will be conducted in person at the conference venue in Mumbai. PDS Limited has explicitly stated that no unpublished price-sensitive information (UPSI) will be discussed during the session. All discussions will remain strictly within the bounds of publicly disclosed information.

Regulatory Compliance

Abhishekh Kanoi, Group General Counsel & Group Company Secretary of PDS Limited, signed the disclosure filed with the National Stock Exchange of India Limited and BSE Limited. The filing references ISIN INE111Q01021 for PDS Limited. The company’s registered office is located in Gurgaon, Haryana, while its corporate office is situated in Mumbai, Maharashtra.