PDS Limited , a leading global fashion supply chain solutions company, has received official validation from the Science Based Targets initiative (SBTi) for its net-zero emissions reduction targets for FY2050. This approval confirms that the company's climate commitments align with the latest science-based pathways required to limit global warming in accordance with the Paris Agreement.

SBTi-Validated Climate Commitments

The validation represents a significant milestone in PDS Limited's sustainability journey. The company has committed to ambitious climate targets that demonstrate its dedication to environmental responsibility across its global operations.

Leadership Perspective on Climate Action

Sanjay Jain, Group CEO, emphasized the significance of this achievement: "Securing SBTi approval is a significant milestone that reinforces our commitment to reducing our carbon footprint through structured, data-driven action across our value chain. We remain focused on achieving net-zero by FY2050 and driving meaningful, science-backed climate impact across our operations and the broader ecosystem."

Paul Wright, Group ESG Director, highlighted the comprehensive approach: "Our targets are grounded in data, global best practices, and a clear roadmap to reduce emissions meaningfully across Scopes 1, 2, and 3. Achieving these goals requires deep collaboration with our partners and sustained investment in low-carbon solutions."

Sustainability Initiatives and Implementation

PDS Limited systematically tracks and monitors its Scope 1 and Scope 2 emissions across all owned manufacturing facilities and major office locations. The company has undertaken several initiatives to reduce emissions and lower its overall carbon footprint:

• Adoption of solar energy systems
• Mangrove restoration projects
• Increased use of recycled fabrics
• Various sustainability-focused interventions

The approval underscores PDS's long-term commitment to embedding sustainability across its global value chain and accelerating climate action in partnership with customers, suppliers, and wider industry stakeholders.

Company Profile and Global Reach

PDS Limited operates as a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide, handling over 2.20 billion of Gross Merchandise Value. The company maintains a vast global network covering over 90 offices in 22 countries, with over 4,500 employees and 6,000 factory associates worldwide.

PDS Limited is listed on BSE Limited and the National Stock Exchange of India Limited. The company's approved near-term and long-term targets will be published on the SBTi website as per the initiative's guidelines.

PDS Limited , a company listed on the Indian stock exchanges, has seen a notable change in its shareholding pattern. Shrey Shah, along with his Persons Acting in Concert (PAC), has increased their collective stake in the company to 5.22%, crossing the significant 5% threshold.

Acquisition Details

The group acquired a total of 808,058 equity shares of PDS Limited through a series of open market transactions. These purchases were made over a period spanning from August 1 to November 13.

Shareholding Impact

Regulatory Implications

This increase in shareholding has triggered disclosure requirements under the Securities and Exchange Board of India (SEBI) regulations. The disclosure is mandated as the group's collective shareholding has surpassed the 5% mark in PDS Limited.

Significance for Investors

The crossing of the 5% threshold is often considered a significant event in the market. It may indicate:

1. Increased confidence in the company's prospects by the acquiring group
2. Potential for a more active role in the company's decision-making process
3. A shift in the overall shareholding structure of the company

Investors and market watchers may want to keep an eye on any further developments or disclosures from PDS Limited or the Shrey Shah group in the coming days.