PDS LIMITED — Interim / Quarterly Report 2021

Jun 1, 2021

PDS Multinational Fashions Limited

PDS/SE/2021-22/11 June 1, 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: Disclosure of Related Party Transactions for the Half Year ended March 31, 2021, pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the disclosure on Related Party Transactions on consolidated basis for the half year ended March 31, 2021.

You are requested to kindly take the same on record.

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

DISCLOSURE OF RELATED PARTY TRANSACTIONS – ON CONSOLIDATED BASIS FOR HALF YEAR ENDED MARCH 31, 2021

(All amounts in Rs. lakhs, unless otherwise stated)

Related Party Transactions

a) List of related parties

Name of Related Party	Nature of relationship
Sourcing Solutions Limited
Sourcing East West Limited
Digital Ecom Techno Private Limited	Joint Ventures
Redwood Internet Ventures Limited
Digital Internet Technologies Limited
Atterley.Com Holdings Limited^	Associates
GWD Enterprises Limited
Pearl Global Industries Limited
Pallas Holdings Limited
JJ Star Industries Limited
Transnational Textile Group Limited
JSM Trading FZE	Enterprises owned or significantly influenced by Key Managerial
Grupo Extremo SUR S.A.	Personnel or their relatives
Frou Holdings Limited
Norp Knit Industries Limited
Pearl Global (HK) Limited
Pearl Global Fareast Limited
Mrs. Payal Seth (Non-Executive and Non-Independent Director)
Mr. Deepak Seth (Non-Executive and Non-Independent Director)
Mr. Pallak Seth (Non-Executive and Non-Independent Director)
Mr. Ashok Kumar Sanghi (Independent Director)
Mr. Ashutosh Prabhudas Bhupatkar (Independent Director)
Mr. Ashok Kumar Chhabra (Independent Director)
Ms. Saraswathy Venkateshwaran (Independent Director)	Key Managerial Personnel (KMP)
Mr. Omprakash Makam Suryanarayan Setty (Chief Operating Officer)**
Mr. Sanjay Jain (Chief Executive Officer)**
Mr. Ajai Singh (Chief Financial Officer)
Mr. Chandra Shekhar Reddy (Head of Legal & Company Secretary)^^
Mr. Abhishekh Kanoi (Head of Legal & Company Secretary)^^

b) Transactions with related parties

Name of Related Party	Relationship	Nature of Transaction	For the year ended March 31,2021	For the year ended March 31,2020
Grupo Extremo SUR S.A.		Sale of goods	3,484.54	7,128.58
	Enterprises owned or significantly	Interest income	7.35	9.97
	influenced by KMP or their relatives.	Commission expense	376.73	315.71
		Management income	139.44	-
Sourcing Solution Limited	Joint Venture	Management exp	123.30	78.90
		Interest income	37.17	-
JSM Trading FZE	Enterprises owned or significantly	Consultancy fees accrued	2,226.75	2,126.61
Pearl Global Industries Limited	influenced by KMP or their relatives	Interest expenses	30.00	30.00
Digital Internet Technologies Limited	Joint Venture	Impairment of loan	391.62	-
Digital Ecom Techno Private Limited		Rental income	0.03	0.47
Atterley.Com Holdings Limited	Associate^	Deemed income on disposal	(424.73)	-
GWD Enterprises Limited	Associate	Reversal of impairment	(175.12)	275.81
Mr. Deepak Seth		Amount paid	2,318.70	2,693.40
Mr. Ashok Kumar Sanghi		Director sitting fees	4.00	6.00
Mr. Ashutosh Prabhudas Bhupatkar		Director sitting fees	4.00	6.00
Mr. Ashok Kumar Chhabra		Director sitting fees	4.00	6.00
Ms. Saraswathy Venkateshwaran#		Director sitting fees	4.00	-
Mr. Ajai Singh			162.78	203.42
Mr. Omprakash Makam Suryanarayan Setty**	Key Managerial Personnel		33.22	104.43
Mr. Sanjay Jain**		Salary and other employee benefits	46.64	-
Mr. Abhishekh Kanoi^^			12.24	-
Mr. Chandra Shekar Reddy^^			22.50	63.86

^During the year ended 31 March 2021, the Group ceased to have significant influence on Atterley.com Holdings Limited ("Atterley") as a result of allottments of new ordinary shares to third party investments by atterly.

Ms. Saraswathy Venkasteshwaran was appointed as an Additional Independent Director with effect from February 14, 2020 and confirmed as an Independent Director on October 28, 2020.

** The Board of Directors of the Company has appointed Mr. Sanjay Jain as Chief Executive Officer and KMP of the Company effective from January 15, 2021. Mr. Omprakash Makam Suryanarayana has resigned as Chief Executive Officer & KMP of the Company on January 14, 2021 and continues his association as Group Chief Operating Officer with effect from January 15, 2021.

^^ The Board of Directors of the Company has appointed Mr. Abhishekh Kanoi as Head of Legal & Company Secretary and KMP of the Company effective from January 11, 2021. Mr. Chandra Sekhara Reddy has resigned as Head of Legal & Company Secretary and KMP of the Company on January 10, 2021.

c) Year end receivable balances of related parties

Name of related party	Relationship	AsatMarch 31, 2021	AsatMarch 31, 2020
Frou Holding Limited		287.60	358.47
JJ Star Industries Limited	Enterprises owned or significantlyinfluenced by KMP or their relatives.	346.45	525.27
Grupo Extremo SUR S.A.		1,282.73	2,203.5
Digital Internet Technologies Limited		365.36	4.52
Other related parties		-	1.24
GWD Enterprises Limited	Associate	681.49	475.68
Sourcing Solution Limited	Joint venture	-	1,140.02

d) Year end payable balances of related parties

Name of related party	Relationship	AsatMarch 31, 2021	AsatMarch 31, 2020
Sourcing Solution Limited	Joint venture	-	323.10
JSM Trading FZE	Enterprises owned or significantlyinfluenced by KMP or their relatives	639.67	149.26
Other related parties			344.82
Pearl Global Industries Limited		300.00	306.71
Mr. Deepak Seth	Key managerial personnel	3,038.93	5,357.63