PDS Limited — JV/Acquisition, 01-07-2025: Acquisition

PDS Limited’s step-down subsidiary, PDS Sourcing Limited, is acquiring a 60% stake in newly incorporated Hong Kong-based GSC Link Limited (GSCL) for up to ₹10.26 Cr (USD 1.2 Mn). GSCL operates in the apparel trading sector. This strategic move aims to expand PDS’s global footprint with a focused push into the US market, enhancing its international service capabilities. GSCL will become a step-down subsidiary post-completion, supporting PDS’s long-term growth and global expansion plans without immediate financial track record impact due to GSCL’s recent incorporation.