PDS Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board has approved the unaudited consolidated financial results for the quarter and nine months ended December 31, 2024. Key highlights include a total income of approximately ₹909.23 crore and a profit after tax of about ₹166.82 crore.

In a strategic move, the Board has also greenlit the acquisition of a 55% stake in Knit Gallery India Private Limited to enhance manufacturing capabilities in India. Additionally, a corporate guarantee of approximately ₹1,206.95 crore (USD 14 million) will be issued to Standard Chartered Bank to secure Import Trade Finance Facilities for subsidiaries.