PDS divests UK step-down subsidiary Northern Brands for nominal GBP 1

Strategic Transactions View source PDF Explain this filing

PDSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹336.00

prior close

₹338.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.8%-2.0% vs market

Trading - Textile Products peers, median of 7sector-1.4%+0.2% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 0.2 pts more than its Trading - Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.4

15m

+0.8

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.8-2.0-1.4+0.2

Next day

-1.3+1.0-2.4-0.7-0.7

+2.7+1.7+0.9-0.2+2.9

+1.2+0.1+1.1+0.5+0.7

+2.6+0.8+1.8-3.7+6.2

-1.2-0.9-0.3-2.3+1.1

-1.0-4.5+3.5-3.6+2.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Trading - Textile Products peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Northern Apparel, a Hong Kong step-down subsidiary of PDS, transferred its entire stake in Northern Brands UK effective October 8, 2026. Northern Brands ceases to be a subsidiary. It contributed only 0.0024 percent of consolidated turnover with negative net worth. Sale consideration was GBP 1, about Rs 109. Not a related party deal. Company says no material impact on financials or operations.

Likely market impact

Negligible impact as divested unit was tiny. Pure housekeeping with no change to business outlook.