PDS Ltd to Acquire Remaining 7% Stake in GoodEarth Lifestyle and Progress Manufacturing Group for ~₹188

PDS Ltd, through its step-down subsidiaries, currently holds 93% stake in GoodEarth Lifestyle Limited, Hong Kong and Progress Manufacturing Group Limited, Hong Kong. The companies have proposed to acquire the remaining 7% equity stake from the existing shareholder. The proposed acquisition is subject to regulatory approvals in Hong Kong. The acquisition is on arm's length basis and falls within the purview of related party transaction. The acquisition aims to simplify the shareholding structure, consolidate ownership and facilitate Employee Stock Options Plan to the Management Team at overall manufacturing holding level under PDS Limited. The entities being acquired are involved in manufacturing and trading operations within the apparel industry. The cash consideration for the acquisition is ~₹188. The transaction was approved on March 30, 2026, and necessary transfer documents have been executed and filed with the relevant regulatory authorities in Hong Kong.