PDS Limited has announced the strike-off of its step-down subsidiary Kontemporary Koncepts Private Limited, effective January 20, 2026. The company informed both NSE and BSE about this corporate restructuring development on January 27, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Restructuring Initiative

The strike-off forms part of PDS Group's ongoing initiative to streamline its corporate structure by eliminating non-operational and redundant entities. Kontemporary Koncepts Private Limited was held by Panagram Celebrity Brands Private Limited, which is also a step-down subsidiary of PDS Limited. The company received the Notice of Strike-off dated January 20, 2026, confirming the cessation on January 27, 2026.

Financial Impact Assessment

The transaction carries no material impact on PDS Limited's financial position, as the struck-off entity had no active business operations. The subsidiary's financial contribution to the group was minimal, as detailed in the regulatory disclosure.

Regulatory Compliance

PDS Limited has fulfilled all required disclosure obligations under Schedule III of the SEBI Listing Regulations and relevant SEBI circulars. The company provided comprehensive details about the cessation, including:

• Entity name and holding structure
• Financial contribution analysis
• Strike-off timeline and confirmation
• Impact assessment on group operations

Key Transaction Details

The strike-off process was completed through regulatory procedures rather than a traditional sale or disposal transaction. Key aspects of the cessation include:

The announcement was signed by Abhishek Kanoi, Group Legal Head & Company Secretary of PDS Limited, confirming the completion of all necessary regulatory procedures. This corporate action represents PDS Limited's continued focus on optimizing its subsidiary structure and eliminating non-contributing entities from its corporate framework.

PDS Limited has successfully completed the acquisition of the remaining 15% equity stake in Jcraft Array Limited, a Hong Kong-based apparel trading company. The transaction was executed through Norwest Industries Limited, PDS Limited's wholly owned Hong Kong subsidiary, which previously held an 85% stake in Jcraft.

Transaction Details

The acquisition was completed on January 1, 2026, with the company formally communicating the development on January 15, 2026. The transaction details are outlined below:

About Jcraft Array Limited

Jcraft Array Limited is a private company incorporated under Hong Kong laws on April 12, 2018. The company operates in the ready-made garment trading business within the apparel industry. Key financial and operational details include:

Historical Performance

Jcraft's revenue performance over the last three financial years shows fluctuation in business operations:

Strategic Rationale

The acquisition serves multiple strategic objectives for PDS Limited. The company aims to simplify its shareholding structure and consolidate ownership for better operational control. This move is expected to enable more efficient decision-making processes and facilitate the execution of turnaround initiatives for Jcraft's business operations.

Regulatory Compliance

The share transfer received approval from relevant Hong Kong regulatory authorities and complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction qualifies as a related party transaction conducted on an arm's length basis, with no additional interest from promoters or group companies in the acquired entity.