PDS Limited — Others, 21-03-2025: Giving guarantees/indemnity/ becoming a surety for third party

PDS Limited has issued a corporate guarantee to ICICI Bank amounting to approximately INR 200 million (USD 2.32 million) for working capital limits sanctioned to its subsidiary, DBS Lifestyle India Private Limited. This move establishes a contingent liability for PDS, as the financials of the subsidiary are consolidated with those of the company. While this issuance does not materially affect PDS's financial health, any invocation of the guarantee could impact future earnings. Investors may view this development as a neutral impact, with the potential for future risk should the guarantee be called upon.