PDS LIMITED — Capital/Financing Update 2021

Jun 9, 2021

PDS Multinational Fashions Limited

PDS/SE/2021-22/12 June 8, 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

Sub: Intimation of Acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Re: ISIN - INE111Q01013

Dear Sir/ Madam,

This is in continuation to our letter dated May 29, 2021, regarding an Unlisted Material Subsidiary of the Company, namely, Norwest Industries Limited, incorporated under the laws of Hong Kong, has entered into Shareholders Agreement on May 28, 2021, with Vyner Works Limited ('Investee Company'), a Company incorporated under the Laws of United Kingdom.

Additional details regarding aforesaid acquisition in lines with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed as Annexure-A.

We request you to kindly take the above information on record.

Thanking you,

Yours faithfully, for PDS Multinational Fashions Limited

�J-

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

DISCLOSURES PURSUANT TO SEBI CIRCULAR CIR/CFD/CMD/4/2015 DATED 9TH SEPTEMBER, 2015

Annexure A

Disclosure for the proposed acquisition by an Unlisted Material Subsidiary of the Company, Norwest Industries Limited of Vyner Works 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.	Vyner Works LimitedSize:IssuedandPaid-upCapitalof
		£4,867,492.49Turnover: £500,000
2	Whether the acquisition would fall withinrelated party transaction(s) and whetherthepromoter/ 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.	Furniture and Interiors
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)	The Company foresees a lot of synergy valuefor its supply chain through this investment.The Company has recently included homecategory products as a part of its core offeringto the customers. Hence, the investmentdirectlyhelpsinestablishingthenewbusiness vertical by partnering with theInvestee company for providing sourcingsolutions to them. Also, it resonates with theCompany's core focus on sustainabilitysolutions.
5	Brief details of any governmental orregulatory approvals required for theacquisition.	No governmental or regulatory approvalrequired.
6	Indicative time period for completion ofthe acquisition.	th May 2021On or before 29
7	Nature of Consideration	Cash Consideration
8	Cost of acquisition or the price at whichthe shares are acquired.	GBP 349,995.81Price of Shares:GBP 0.01 Per Share (Face Value) and GBP13.83 per share premium
9	Percentageofshareholding/controlacquired and / or number of sharesacquired.	6.83% shareholding consisting of 25,307Equity Shares of GBP 13.83 each

PDS Multinational Fashions Limited

10	Briefbackgroundabouttheentity	VynerWorksLimitedisaCompany
	acquired in terms of products/line of	incorporated under theLawsof United
	business acquired, date of incorporation,	Kingdom (UK) having its registered office at
	history of last 3 years turnover, country in	Arch 43 Castle Mews, London, NW1 8SX
	which the acquired entity has presence and	andisinvolvedinDirect-to-Consumer
	any other significant information.	Sustainable Flatpack business.
		The Company has been and is engaged in thebusiness of designing, manufacturing andselling furniture.
		The Company has been incorporated in UKon 8 April 2019.
		Disclosure of turnover for last 3 (three) years:2019-20: £ 450,000
		2018-19: Not Applicable
		2017-18: Not Applicable
		Countries of presence: UK & Europe

for PDS Multinational Fashions Limited

�J-

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