PDS Ltd: QIP Proceeds Utilization Confirmed No Deviation

PDS Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited. The report confirms that there has been no deviation in the utilization of proceeds raised through the Qualified Institutional Placement (QIP). The QIP, which raised ₹43,000 lakhs (gross proceeds), had net proceeds of ₹41,055.96 lakhs after accounting for expenses. The Audit Committee and Board of Directors have reviewed and taken this report on record. The monitoring agency has confirmed compliance with the utilization of funds as per the QIP objectives.