PDS LIMITED — Capital/Financing Update 2022

May 27, 2022

PDSL/SE/2022‐23/135

May 27, 2022

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Listing DepartmentNational Stock Exchange of India LimitedExchange Plaza, C‐1 Block G,Bandra Kurla Complex, Bandra (E),Mumbai ‐400 051Scrip Symbol: PDSL	Corporate Relationship DepartmentBSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai‐ 400001Scrip Code: 538730

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

Re: ISIN ‐ INE111Q01013

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that a Subsidiary of the Company viz. Technocian Fashions Private Limited, has entered into Share Purchase Agreement with S.Oliver Fashion India Private Limited, a Company incorporated under the Companies Act, 1956.

The additional details in relation to the aforesaid acquisition in accordance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed herewith as Annexure‐A .

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.: a/a

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

Annexure A

Disclosure for the proposed acquisition of S.Oliver Fashion India Private Limited, by Subsidiary of the Company, Technocian Fashions Private Limited

Sl.No.	Particulars in respect of the Event	Details/Information of the Event	�J-
1	Name of the target entity, details in brief such assize, turnover etc.	S.Oliver Fashion India Private Limited is acompany incorporated under the Companies Act,1956 and is engaged in business of buying, selling,importing, exporting, manufacturing, exhibiting,exchanging and dealing with all types ofreadymade garments.Size: Issued Share Capital is Rs. 13,14,00,0001,31,40,000 Equity Shares divided Rs.10 each.Total Income: Rs. 12.44 Lakhs ‐ As on 31stMarch,2021.
2	Whether the acquisition would fall within relatedparty transaction(s) and whether the promoter/promoter group/ group companies have anyinterest in the entity being acquired? If yes,nature of interest and details thereof andwhether the same is done at “arm’s length”.	No
3	Industry to which the entity being acquiredbelongs.	Fashion & Retail
4	Objects and effects of acquisition.(including but not limited to, disclosure of reasonsfor acquisition of target entity, if its business isoutside the main line of business of the listedentity)	Expand and create an opportunity in the Indianfashion market, apparel business and gain fromthe competitive manufacturing in India.
5	Brief details of any governmental or regulatoryapprovals required for the acquisition.	Nogovernmentalorregulatoryapprovalrequired.
6	Indicative time period for completion of theacquisition.	On or before July 31, 2022

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7	Nature of Consideration	Cash Consideration
8	Cost of acquisition or the price at which theshares are acquired.	Approx. Rs. 1,96,34,884.00(One Crore Ninety Six Lakhs Thirty Four ThousandEight Hundred and Eighty Four)
9	Percentage of shareholding / control acquiredand / or number of shares acquired.	99.99%
10	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 yearsturnover/income, country in which the acquiredentity has presence and any other significantinformation.	S.Oliver Fashion India Private Limited is aCompany incorporated under the Companies Act,1956, having its registered office at Plot No. 222,Phase I 7th floor, Udyog Vihar, Gurugram –122001, Haryana. The Company is engaged inbusiness of buying, selling, importing, exporting,manufacturing,exhibiting,exchanginganddealing with all types of readymade garments.The Company has been incorporated in India on17/12/2002.Disclosure of total income for last 3 (three)Financial Years:2020‐21:Rs. 12.44 Lakhs - As on 31.3.20212019‐20:Rs. 15.66 Lakhs – As on 31.3.20202018‐19:Rs. 55.71 Lakhs – As on 31.3.2019Countries of presence: India

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

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