PDS Ltd Divests 2% Stake in DBS Lifestyle, Ceases Subsidiary Status

PDS Limited has divested 409 equity shares, representing 2% of the share capital, in DBS Lifestyle India Private Limited on July 23, 2026. This reduces PDS's shareholding in DBS Lifestyle to approximately 49%, causing DBS Lifestyle to cease being a subsidiary and become an associate. Consequently, indirect step-down subsidiaries Suri Overseas Private Limited and Pangram Brands Global Private Limited also cease to be step-down subsidiaries. Pangram Celebrity Brands Private Limited also ceases to be a subsidiary due to reduced indirect shareholding, becoming an associate with PDS holding 28.7% direct equity. The transaction is not expected to materially impact PDS's financial position or performance. The consideration received for the DBS Lifestyle stake was ₹82,51,575.