PDS Ltd Divests Remaining 49% Stake in DBS Lifestyle

PDS Limited has entered into a Share Purchase Agreement (SPA) to sell its remaining 49% stake in DBS Lifestyle India Private Limited, an associate company, to Mr. Bhawnish Suri, Mrs. Divya Suri, and DBS Lifestyle India Private Limited. This divestment aligns with PDS's strategy to rationalize its portfolio of loss-making ventures and focus on profitable growth. The transaction is expected to be completed by October 31, 2026. The sale consideration is ₹9,17,48,425.00. PDS anticipates no material impact on its financial position or performance. Upon completion, Suri Overseas Private Limited and Pangram Brands Global Private Limited will also cease to be associate entities.