PDS Limited — Important, 21-01-2025: Updates

PDS Multinational FZCO has incorporated a new subsidiary in the UAE named Simple Approach Trading FZCO. The subsidiary, established with an issued share capital of approximately INR 23.56 lakh (AED 100,000), will focus on the supply, distribution, and marketing of apparel and consumer goods. PDS Multinational FZCO has acquired a 75% equity stake in Simple Approach Trading for a total consideration of about INR 17.67 lakh (AED 75,000). As this entity is newly formed, it currently has no turnover or profits but represents a strategic move to expand PDS's business footprint in the region. This development could enhance PDS’s operational capabilities and market reach in the apparel sector, providing potential growth opportunities moving forward.