PDSL/SE/2022‐23/144

July 2, 2022

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Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C‐1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai ‐400 051 Mumbai‐ 400001 Scrip Symbol: PDSL Scrip Code: 538730

Re: ISIN ‐ INE111Q01013
Sub: Newspaper advertisement titled ‘11[th] Annual General Meeting of the Company to be held through Video Conferencing/ Other Audio‐Visual Means, Record Date and Final Dividend information’

Dear Sir/Madam,

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and the Companies Act, 2013 read with Rules made thereunder, please find enclosed copies of newspaper advertisement titled ‘11[th] Annual General Meeting of the Company to be held through Video Conferencing/ Other Audio‐Visual Means, Record Date and Final Dividend information’. The advertisement was published in the following newspapers on July 2, 2022 ‐

i. Business Standard (All India Edition); and ii. Hosadigantha (Bengaluru Edition)

We request you to kindly take the above information on record for the purpose of dissemination to the shareholders.

Thanking you,

Yours faithfully, for PDS Limited

(Erstwhile PDS Multinational Fashions Limited) - �J Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F‐9530

Encl.: As Above

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BENGALURU | 2 JULY 2022 ~~.>~~

POLITICS & PUBLIC AFFAIRS 7 ~~<~~ ��  �� �� �� �� �� �� �� �� �� �� �� ��  �� �� �� �� ��

SC SLAMS NUPUR SHARMA

‘Her loose tongue set entire country on fire’ SheshouldhavefiledFIRagainsttheanchorifdebatewasmisused,saysCourt

PRESS TRUST OF INDIA suspended BJP leader come in the backNewDelhi,1July drop of the brutal murder of a tailor in Udaipur by two men, claiming that they he Supreme Court on Friday came were avenging an insult to Islam. down heavily on suspended BJP Senior advocate Singh, appearing T leader Nupur Sharma for her confor Sharma, said she had apologised for troversial comments against Prophet her remarks. The bench said,”her Muhammad, saying her “loose tongue” apology came too late and that too has “set the entire country on fire” and conditionally saying if religious asked her to immediately apologise to sentiments are hurt and so on. She the nation for her remarks. should have been on TV immediately Refusing to entertain Sharma’s plea and apologised to the nation”. for clubbing of FIRs lodged in various The court said her petition smacks states against her for her remark, the of arrogance and that she thinks that Bench held that the comment was made the magistrate of the country is too either for cheap publicity, political agensmall for her. da or some nefarious activities. Suspended BJP leader Nupur Sharma “When an FIR is registered and you “She actually has a loose tongue are not arrested, this shows your clout. and has made all kinds of irresponsible against the anchor”, the bench said. She thinks she thinks she has the power statementsonTVandsettheentirecounWhile refusing to entertain Sharma's to back up and goes on to make irrespontryonfire.Yet,sheclaimstobealawyerof plea for clubbing of FIRs, a vacation sible statements”, the bench said. 10 years standing... She should have bench of Justice Surya Kant and Justice SinghsaidSharmawasaspokesperson immediatelyapologisedforhercomments JB Pardiwala allowed her to withdraw the of a political party and her unintentional to the whole country,” the court said. plea. “She has a threat or she has become comments were in relation to a debate. Sharma's remark against the Prophet, asecuritythreat?Thewayshehasignited “If you are a spokesperson of a party, made during a TV debate, triggered emotions across the country… this it is not a license to say things like this,” protests across the country and invited lady is single-handedly responsible for the bench said, adding, “if there was a sharp reactions from many Gulf counwhat is happening in the country,” the misuse of the debate, the first thing she tries. The BJP subsequently suspended bench said when Sharma's lawyer should have done was to file an FIR her from the party. Maninder Singh pointed out that she was against the anchor”. “These remarks are very disturbing facing threats to life. The bench further Singh said she had reacted to the andsmackofarrogance.Whatisherbusisaid,” the way she ignited emotions debate initiated by other debators and ness to make such remarks? These across the country has led to unfortunate pointed to the transcript of the debate. remarks have led to unfortunate inciincidents. This lady is single-handedly He said that there were serious debates dents in the country...if there was a misresponsible for what is happening in the on the issue within the same community use of the debate, the first thing she country. We saw the debate”. and Sharma's remarks were made in that should have done was to file an FIR The court's observations against the context only.

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MVAformedasShahbrokepromise:Uddhav

PRESSTRUST OF INDIA wasnoagreementonrotation- Sena moves SC, seeks Mumbai, 1 July alhalfchiefyearsministerago. Hadtwo-and-a-the BJP suspension of rebels Shiv Sena president Uddhav agreed, the change of power TheSupremeCourtonFriday Thackeray on Friday would have happened in a agreedtohearonJuly11the questioned the Bharatiya graceful and dignified manpleaofShivSenachiefwhip JanataParty’s(BJP’s)decision ner, he said. He also asked SunilPrabhuseekingthe to install a “so-called Shiv whatBJPgainedwhenitdoessuspensionofCMEknath Sainik” as Maharashtra chief n't have its own chief minister Shindeand15rebelMLAs minister when it did not keep even for the rest of the term. againstwhomdisqualification its 2019 promise of rotating “The way this (Shinde) pleasarependingfromthe the top post. Thackeray also government was formed and MaharashtraAssembly,saying appealed to the Ekanth those (the BJP) who formed itwas“fullyconscious”ofthe Shinde-led government not to Thackeray asked the BJP why the government…they have issue.AvacationBenchwas go ahead with the Aarey it first denied that there was said that a ‘so called Shiv urgedbysenioradvocateKapil Colony project. no agreement on rotational Sainik’ has been made the Sibal,appearingforPrabhu, In their first cabinet meet- CM two-and-a-half years ago CM. Had everything taken thattheinterimpleaneeded ing held on Thursday, Shinde place as decided between me anurgenthearing.TheBench and deputy chief minister led government had shifted and Amit Shah, the change of saiditwas“fullyconsciousof Devendra Fadnavis directed the proposed car shed site to powerwouldhavebeengracetheissue”andwilllookintoit the state administration to Kanjurmarg from Aarey ful and I would not have onJuly11whenthemainplea submit a proposal to build the Colony, but it got embroiled become the chief minister or of16rebelShivSenaMLAs Metro-3 car shed in Aarey in a legal dispute. the Maha Vikas Aghadi (MVA) againstthedisqualification Colony instead of Thackeray asked the BJP would not have been formed,” noticesissuedbytheDeputy Kanjurmarg. The Thackeraywhy it first denied that there Thackeray said. Speakerwouldbeheard. PTI

FROM PAGE 1 larly challenging year,” said to have an additional cess of the preceding year. Aditi Nayar, chief economist, ~23,250 per tonne by way of an At the same time, export ICRA. special additional excise duty policy conditions have also New project... As many as 15 states and on crude is going to have a been imposed by the UnionTerritorieswitnessedat major impact on companies DirectorateGeneralofForeign “Going by the early results of least 50 per cent growth in like state-run Oil and Natural Trade (DGFT), that the our surveys, capacity utilisatheir GST revenues from Gas Corporation (ONGC), Oil exporterswouldberequiredto tioninthemanufacturingsecdomestictransactionsinJune. India, Vedanta’s Cairn Oil and declare at the time of exports tor increased further to 74.5 States revenues were proGas, and Reliance Industries that50percentofthequantity per cent in Q4 of 2021-22 from tected for the first five years (RIL). The decision may fetch mentionedintheshippingbill 72.4 per cent in Q3 in 2021-22. of the GST roll-out if their the government around has been supplied in the Capacity utilisation is also growth fell below 14 per cent ~67,400 crore per annum, as domestic market during the likely to increase further in per annum, with 2014-15 as the country produces around current financial year. 2022-23,” he said. the base year. 29 million tonnes of crude oil “However, export to Company balance sheets Thecollectionsshouldgive a year. Bhutan and Nepal is exemptare in a better position for some comfort to both the Small producers, whose ed from this condition. investment in new projects, S Centre and states on the revannual production of crude in Similarly, this condition is not N Subrahmanyan, chief execenue front,” said Abhishek the preceding financial year applicable to 100 per cent utive officer and managing Jain, partner - indirect tax, was less than 2 million barrels, EoUs and units in SEZs. Such director of Larsen and Toubro KPMG in India. will be exempt from this cess. exporters are also required to (L&T) said while discussing Of the total GST collec“This defies any rationale. file a quarterly return to the the company’s results with tions, ~25,306 crore was from Windfall tax has to be ad valMinistry of Petroleum and analysts and investors during central GST, ~32,406 crore orem and linked to the profit. Natural Gas,” the DGFT said an earnings call on May 12. from state GST, ~75,887 crore So this is not windfall tax; it is in a statement. India exported “Some of the balance from integrated GST, and a levy,” said R S Sharma, foronly around 13 MT of petrol sheets, which were very bad, ~11,018 crore from cess. After mer chairman and managing and 32 MT of diesel in 2021-22. alsogotacquiredbybetterbalsettling the IGST amount director of ONGC. The government added ance sheets. As the economy between the Centre and ONGC and Oil India, the thataspecialadditionalexcise grows, I expect private capital states, the share of the former state-run majors, jointly produty of Rs 6 per litre was to start getting invested. The was ~68,394 crore and that of duce 72 per cent of the total imposed on exports of ATF companies, which are leverthe latter, ~70,141 crore. domestic crude oil of about 30 also due to the similar reaaged, have come down on the Ironically, cess collection million tonnes. The average sons. In 2021-22, India exportleverage and are now thinking inJuneisthehighestsincethe crude oil price realisation for ed only around 5 MT of ATF. of possibilities of investintroduction of GST when the both the companies was To curb rising gold ments,” he added. system of compensation for expected to rise to $90-100 a imports, the government the states has ended. From barrel in 2022-23, as compared hiked customs duty on the GST collection... this month onwards, the cesswould be used to repay the to $70 a barrel in 2021-22.The decision was taken fromyellow10.75metalpertocent.15 perIn May,cent Average GST collections at borrowings, raised to meet the aftercrudeoilpricesincreased India imported 107 tonnes of ~1.51 trillion a month in the shortfall in revenues of the by over 40 per cent in 2022 gold,thehighestinayear,putfirst quarter of the current states due to Covid-induced owing to the sanctions ting additional pressure on financial year are much highlockdowns. imposed by various countries the CAD. er than the ~1.2 trillion derived The June collections on Russia, following the Madhavi Arora, lead econfrom the Budget Estimates. prompted experts to say that Ukraine war. omist, Emkay, said the indiThe collections grew 37 per the GST system was stabilisThe Centre’s decision also rect import and export curbs cent year-on-year in Q1 of ing. “As the GST regime is out came two days after giving a by duty tweaks were aimed at FY23. Economists believe of its nascent stage, the initial boost to the industry by proreducing the impending presgrowth may not be as high in bottlenecks have been viding marketing freedom to sure on the CAD and thus the the remaining months of the cleared,” said Shravan Shetty, domestic crude oil producers, currency. “This policy action current fiscal as the low-base managing director (sector a move that would have by the government comes effect fades. It could fall to potential realisation) at helped in increasing domestic after the RBI’s consistent about 17 per cent. Primus Partners. production. intertervention in all currency If GST collections grow at The government said the trading spaces to signal its the envisioned pace of 17 percentinFY23,thenmanystates Windfall tax... currentadverse cessimpactwouldon domestichave no support.ward rates, falling forex cover,Dislocation in formay be able to withstand the “We need at least some of it petroleum products or fuel persistently high commodity end of the GST compensation for our own citizens. At a time prices as the cess would not prices have implied the RBI period. However, some states when we don’t have enough be applicable to the import of intervention strategy cannot with a relatively higher domestic supplies, I also have crude oil. However, giving a be the sole support for the dependence on GST compento keep India’s consumers in small relief to the producers, rupeeandfiscalsupportinthe sation as a revenue source mind,” she added on Friday. no cess will be imposed on form of trade curbs might be may find FY23 to be a particuThe government’s decision additional production over needed,” she added.

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AI assistant

PDS LIMITED AGM Information 2022

60265_rns_2022-07-02_abd62c55-8aeb-4152-9b7c-dcf3b3fe5d3e.pdf

Dear Sir/Madam,

Thanking you,

SC SLAMS NUPUR SHARMA

‘Her loose tongue set entire country on fire’ SheshouldhavefiledFIRagainsttheanchorifdebatewasmisused,saysCourt

MVAformedasShahbrokepromise:Uddhav

AI assistant

PDS LIMITED — AGM Information 2022

60265_rns_2022-07-02_abd62c55-8aeb-4152-9b7c-dcf3b3fe5d3e.pdf

Dear Sir/Madam,

Thanking you,

SC SLAMS NUPUR SHARMA

‘Her loose tongue set entire country on fire’ SheshouldhavefiledFIRagainsttheanchorifdebatewasmisused,saysCourt

MVAformedasShahbrokepromise:Uddhav

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