NewsCorporate ActionsPDS Limited Revises Dividend Record Date, Announces Q2 Earnings Call, and Incorporates New US SubsidiaryPDS Limited Revises Dividend Record Date, Announces Q2 Earnings Call, and Incorporates New US Subsidiary
PDS Limited has announced three key updates: 1) A revised record date of October 31 for the interim dividend, subject to Board approval on October 27. 2) An earnings conference call scheduled for October 28 to discuss Q2 and H1 financial results. 3) The incorporation of Design COE USA Inc, a new subsidiary in Delaware, USA, focusing on design-led sourcing for the US fashion and apparel market.
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PDS Limited , a prominent player in the Indian market, has made several significant announcements that may interest its shareholders and potential investors.
Revised Record Date for Interim Dividend
PDS Limited has announced a revision to the record date for determining shareholder eligibility for the interim dividend. The key details are as follows:
| Aspect | Details |
|---|---|
| New Record Date | October 31 (Friday) |
| Dividend Declaration | Subject to Board approval on October 27 |
| Communication Date | October 18 |
It's important to note that the declaration of the interim dividend is contingent upon approval by the Board of Directors at their meeting scheduled for October 27. The company has informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this revision.
Upcoming Q2 and H1 Earnings Conference Call
In addition to the dividend-related news, PDS Limited has also scheduled a conference call to discuss its financial results for the second quarter and first half of the fiscal year. The details of the conference call are as follows:
| Aspect | Details |
|---|---|
| Date | October 28 (Tuesday) |
| Time | 4:00 PM IST |
| Purpose | Discussion of Q2 and H1 financial results |
| Key Participants | - Mr. Pallak Seth (Executive Vice Chairman) |
| - Mr. Sanjay Jain (Group Chief Executive Officer) | |
| - Mr. Rahul Ahuja (Group Chief Financial Officer) | |
| - Other Senior Management Team members |
The company has provided various access options for interested parties to join the conference call, including universal access numbers and international toll-free numbers for countries such as the USA, UK, Singapore, and Hong Kong.
Incorporation of New US Subsidiary
In a strategic move to strengthen its presence in the US market, PDS Far East USA Inc, a step-down wholly owned subsidiary of PDS Limited, has incorporated Design COE USA Inc in Delaware, USA, effective October 17. The new entity will operate in the fashion and apparel industry as a design-led sourcing organization dedicated to supplying the US market.
Key points about Design COE USA Inc:
- Offers a diversified product range including woven, knits, sweater, denim, activewear, and career apparels
- Incorporated with a cash consideration of approximately INR 8,795.09 (USD 100)
- PDS Limited maintains 100% shareholding through its subsidiary structure
These announcements demonstrate PDS Limited's commitment to transparent communication with its stakeholders, providing them with timely updates on important financial matters and opportunities to engage directly with the company's senior management. The incorporation of Design COE USA Inc also highlights PDS Limited's strategic expansion efforts in the US market.
Investors and analysts interested in the company's performance are encouraged to participate in the upcoming earnings call to gain insights into PDS Limited's financial health and future outlook.
Historical Stock Returns for PDS
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.10% | +0.10% | -8.24% | -24.19% | -39.56% | +406.93% |
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