PDS LIMITED — Capital/Financing Update 2021

Feb 1, 2021

PDS Multinational Fashions Limited

PDS/SE/2020-21 /49

February 1, 2021

The Secretary	The Secretary
BSE Limited	National Stock Exchange of India Limited
Pheeroze Jeejeebhoy Towers	Exchange Plaza, 5th Floor Plot No- 'C Block, G Block
Dalal Street, Fort	Bandra-Kurla Complex, Sandra {East)
Mumbai - 400 001 , Maharashtra (India)	Mumbai 400 051 , Maharashtra (India)
Scrip Code: 538730 (BSE)	Scrip Code: PDSMFL (NSE)

Sub: Intimation regarding completion of transaction as regard to the acquisition of 75% Equity Stake in Norlanka Brands Private Limited

Ref: Intimation Letter dated January 11, 2021 titled "Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Dear Sir/Madam,

With reference to the captioned subject and in furtherance to our previous intimation vide Letter dated January 11, 2021 , this is to inform you that the Company has completed the transaction as regard to the acquisition of 75% Equity Stake in Norlanka Brands Private Limited, i.e. 37,500 Equity Shares at the Face Value of Rs.10 each on February 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 9th September, 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

Abhishe~f.oi Head of Legal & Company Secretary ICSI Membership No.: F-9530

Encl: As above

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

Disclosure for the acquisition of 75% Equity Shares of Norlanka Brands Private Limited

SI.No.	Particulars in respect of the Event	Details/Information of the Event
1	Name of the target entity, details inbrief such as size, turnover etc.	Norlanka Brands Private LimitedSize: Issued and Paid-up Capital of Rs.5 LakhsTurnover: Nil
2	Whethertheacquisitionwouldfallwithin related party transaction(s) andwhether the promoter/ promoter group/group companies have any interest intheentitybeingacquired?Ifyes,nature of interest and details thereofandwhether thesamedoneatis"arm's length"	No
3	Industry towhichtheentitybeingacquired belongs.	Apparel Industry
4	Objectseffectsof acquisition.and(including but not limited to, disclosureof reasons for acquisition of targetentity, if its business is outside themain line of business of the listedentity)	-Expand & create an opportunity in the Indianfashion & apparel business including but notlimited to kids wear, inner wear & othercategories of lifestyle.-To enter into online/digital business andenhance opportunities for PDS Platform.
5	Brief details of any governmental orregulatory approvals required for theacquisition.	No governmental or regulatory approval required.
6	Indicative time period for completion ofthe acquisition.	Acquisition has completed on February 1, 2021
7	Nature of Consideration	Cash Consideration
8	Cost of acquisition or the price atwhich the shares are acquired.	At a Face Value, i.e. Rs.10/- each
9	Percentage of shareholding / controlacquired and / or number of sharesacquired.	75% shareholding consisting of 37,500 EquityShares of Rs.10/- each
10	Briefbackgroundabouttheentityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover,countrywhichintheacquired entity has presence and anyother significant information.	The Company has been incorporated under theIndian Companies Act, 2013 and is engaged inthe business of manufacturers, traders, agents,wholesalers, retailers, e-commerce business indealing all kinds of readymade garments.The Company has been incorporated in India onDecember 3, 2020, hence, disclosure of turnoverfor last 3 (three) years is not applicable.