PDS Limited — Others, 15-05-2025: Monitoring Agency Report

PDS Limited has announced a board meeting to review the financial results for the quarter and half-year. Crisil Ratings Limited confirmed proper utilization of proceeds from the Rs 430 Cr Qualified Institutional Placement. Around Rs 278.36 Cr was used mainly to repay borrowings, while Rs 131.06 Cr reserved for strategic acquisitions and corporate purposes is yet to be deployed. Unspent funds are kept in fixed deposits and current accounts, earning nominal returns. This indicates strong financial discipline and supports the company’s stated growth plans.