PDS Limited has announced a strategic strengthening of its manufacturing leadership with the appointment of Abhishek Nawani as CEO-Manufacturing. This move is designed to showcase joint capabilities to customers, build strategic long-term relationships, and move further up the value chain in the global fashion supply chain solutions market.

Manufacturing Segment Transformation

The company's manufacturing segment has undergone substantial transformation over the past few years, stabilising operations and delivering profitability. The financial performance demonstrates this remarkable turnaround:

With this foundation in place, PDS Limited is focused on scaling its manufacturing operations by aligning customer engagement and operational best practices across units. Individual manufacturing units, including Good Earth and Progress Apparels in Bangladesh and the recently acquired Knit Gallery in India with revenue of ₹267.00 crores in FY23, will continue to operate as independent profit centres.

Leadership Appointment and Strategy

Abhishek Nawani's appointment as CEO-Manufacturing positions him with responsibility for customer engagement, growth initiatives, and overall P&L responsibility for the manufacturing segment. His extensive background includes:

• Nearly three decades of experience in global apparel sourcing and manufacturing operations
• Four years of association with PDS Limited
• Operations expertise across India, Bangladesh, Cambodia, Indonesia, and Egypt
• Senior leadership roles at PVH, leading sourcing offices in Egypt, Bangladesh, and Indonesia
• Previous experience with JMS Group and Busana Apparel Group

Strategic Vision and Market Position

Pallak Seth, Executive Vice Chairman, commented that this step is part of ongoing efforts to streamline focus within the manufacturing business, emphasising that the next phase is about scale, integration, and deeper customer engagement. Sanjay Jain, Group CEO, highlighted the importance of aligning capabilities, driving synergies, and maintaining strong operational discipline as the company scales manufacturing operations.

Company Overview

PDS Limited operates as a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide. The company handles over ₹2.20 billion of Gross Merchandise Value and operates a vast global network covering over 90 offices in 22 countries, with over 4,500 employees and 6,000 factory associates worldwide. The company reported consolidated revenues of ₹1,257.80 crores in FY23 and is listed on BSE Limited and the National Stock Exchange of India Limited.

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.