PDS LIMITED — Capital/Financing Update 2021

Oct 4, 2021

PDS Multinational Fashions Limited

PDS/SE/2021-22/57 October 4, 2021

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: PDSMFL	Scrip Code: 538730

Re: ISIN - INE111Q01013

Sub: Intimation regarding completion of transaction as regard to the acquisition of 50% Equity Stake in Yellow Octopus Fashion Limited

Ref: Intimation Letter dated May 27, 2021 and August 27, 2021

Dear Sir/Madam,

With reference to the captioned subject and in furtherance to our previous intimation vide Letters dated May 27, 2021 and August 27, 2021, this is to inform you that the Company has completed the transaction as regard to the acquisition of 50% Equity Stake in Yellow Octopus Fashion Limited, a Company incorporated under the laws of England and Wales by the Company's step-down subsidiary, PDS Multinational FZCO, a Company incorporated under the laws of Dubai, United Arab Emirates on October 1, 2021.

The information required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure I for your kind reference.

You are requested to kindly take the same on records.

Thanking you,

Yours faithfully, for PDS Multinational Fashions Limited

�J-

Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530

Encl: As above

Disclosures pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015

Annexure I

Disclosure for the acquisition 50% Equity Shares of Yellow Octopus Fashion Limited

Sl.No.	Particulars in respect of the Event	Details/Information of the Event
1	Name of the target entity, details in briefsuch as size, turnover etc.	Yellow Octopus Fashion LimitedSize: Issued and Paid-up Capital of GBP10,000Turnover:FY18: GBP 6.06 million, FY19: GBP 9.77million, FY20: NA
2	Whether the acquisition would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired? If yes, nature of interestand details thereof and whether the sameis done at "arm's length"	No
3	Industrytowhichtheentitybeingacquired belongs.	Apparel Industry
4	Objects and effects of acquisition.(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)	YellowOctopusFashionLimitedisengagedinprovidingcommercialsustainabilitysolutionsinthefashionindustry. The Company foresees a lot ofsynergy value through this investment interms of providing sustainable solutions toits customers in the Apparel Industry.
5	Brief details of any governmental orregulatory approvals required for theacquisition.	No governmental or regulatory approvalrequired.
6	Indicative time period for completion ofthe acquisition.	AcquisitionhasbeencompletedonOctober 1, 2021.
7	Nature of Consideration	Cash Consideration
8	Cost of acquisition or the price at whichthe shares are acquired.	USD 0.01 Million
9	Percentageofshareholding/controlacquired and / or number of sharesacquired.	50%

PDS Multinational Fashions Limited

10	Briefbackgroundabouttheentity	YellowOctopusFashionLimitedwas
	acquired in terms of products/line of	incorporated in the United Kingdom on 07
	business acquired, date of incorporation,	November2014andisengagedin
	history of last 3 years turnover, country in	providingcommercialsustainability
	which the acquired entity has presence	solutions in the fashion industry.
	and any other significant information.
		Turnover:
		FY18: GBP 6.06 million, FY19: GBP 9.77
		million, FY20: NA
		Countries of presence: UK

for PDS Multinational Fashions Limited

�J-

Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530