PDS Brands Private Limited Struck Off as Wholly Owned Subsidiary of PDS Limited
PDS Limited announced that its wholly owned subsidiary, PDS Brands Private Limited, has been struck off with effect from April 7, 2026. This action is part of the ongoing initiative by the PDS Group to streamline its corporate structure by eliminating non-operational and redundant entities.The cessation means that PDS Brands no longer operates as a wholly owned subsidiary of PDS Limited. The company noted that this transaction does not materially impact the financial position of PDS Limited, as PDS Brands reportedly had no active business operations.
The details regarding the cessation of PDS Brands Private Limited are presented below.
| Sr. no | Particulars | Details |
|---|---|---|
| 1 | Name of the entity whose stakes are being sold | PDS Brands Private Limited |
| 2 | Shares held by | PDS Limited |
| 3 | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year | Turnover: Nil; Percentage of Consolidated Turnover: Nil; Net worth: Nil; Percentage of Consolidated Net worth: Nil |
| 4 | Date on which the agreement for sale has been entered into | Not Applicable |
| 5 | The expected date of completion of sale/disposal | PDS Brands is struck off from the records of Ministry of Corporate Affairs pursuant to the approval received today i.e., April 7, 2026. |
| 6 | Consideration received from such sale/disposal | Not Applicable |
| 7 | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof | Not Applicable |
| 8 | Whether the transaction would fall within related party transactions? If yes, whether the same is done at 'arm's length' | Not Applicable |
| 9 | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same include compliance with regulation 37A of SEBI LODR Regulations | Not Applicable |
| 10 | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale | Not Applicable |
PDS Limited confirmed that the corporate restructuring move was executed to streamline the PDS Group's overall corporate structure.
PDSL Stock Price Movement
PDS Limited shares finished the day edging higher, closing at ₹288.55, up 0.56%. The stock settled on robust buying interest, with total traded volume reaching 12.56 million shares today.Source:
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