PDS Limited (ISIN: INE111Q01021) has announced a conference call to discuss its financial results for the full year and fourth quarter of fiscal year 2023. The call, scheduled for May 12, 2023, at 3:30 PM IST, will provide investors and analysts with insights into the company's performance.

Conference Call Details

The conference call will be hosted by Nuvama Wealth Management and will feature key members of PDS Limited's senior management team, including:

• Pallak Seth, Executive Vice Chairman
• Sanjay Jain, Group CEO
• Rahul Ahuja, Group CFO
• Reenah Joseph, Head Corporate Finance, M&A and Chief Investor Relations Officer

Global Access

To facilitate participation from a global audience, dial-in access will be provided for multiple countries, including:

• India
• United States
• United Kingdom
• Singapore
• Hong Kong

This wide-ranging access underscores PDS Limited's commitment to engaging with its international stakeholder base.

Significance of the Call

The upcoming conference call represents an important opportunity for investors and analysts to gain direct insights into PDS Limited's financial performance for FY23 and Q4. Participants will likely have the chance to hear detailed commentary on the company's operational highlights and financial metrics.

The presence of key executives, including the Executive Vice Chairman, Group CEO, and Group CFO, suggests that the call will provide comprehensive coverage of the company's strategic direction and financial position.

Investors and interested parties are advised to mark their calendars for this significant event in PDS Limited's financial communication calendar. The call promises to offer valuable insights into the company's performance for the discussed period.

PDS Limited , a prominent player in the global fashion industry, has announced the divestment of its entire stake in Grupo Sourcing Limited, a step-down subsidiary based in Bangladesh. This strategic move, aimed at enhancing profitability and addressing loss-making verticals, marks a significant step in PDS Group's ongoing efforts to streamline its operations.

Transaction Details

The sale agreement was signed on May 27, 2025, with the necessary regulatory approvals received on August 12, 2025. The buyers are Mr. Zamal Uddin Ahmed, the existing business head of Grupo Sourcing Limited, along with his family members, Ms. Shorif Samima Nasrin and Mr. Rafsan Ahmed Rabbi. PDS Limited received a consideration of approximately ₹21.26 million (BDT 29.52 million) from the transaction.

Financial Impact

Grupo Sourcing Limited's contribution to PDS Limited's consolidated financials was relatively small but notable:

The divestment of this loss-making entity is expected to have a positive impact on PDS Limited's overall financial health.

Strategic Implications

This divestment aligns with PDS Group's strategic initiative to improve profitability by addressing underperforming segments of its business. By selling Grupo Sourcing Limited, PDS aims to focus its resources on more profitable ventures and strengthen its core operations.

Regulatory Compliance

The transaction has been conducted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. PDS Limited has confirmed that the buyers are not members of the company's promoter group, and the transaction was carried out on an arm's length basis, ensuring transparency and fairness.

Conclusion

With the completion of this transaction, Grupo Sourcing Limited has ceased to be a step-down subsidiary of PDS Limited. This move demonstrates PDS Limited's commitment to optimizing its business portfolio and enhancing shareholder value through strategic divestitures of non-core or underperforming assets.