PDS Limited has informed the Exchange about Incorporation
PDSL · price
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PDS Limited has incorporated a new wholly owned subsidiary named 'PDS Global Sourcing Limited' in India on March 20, 2026. The new entity will operate in the textiles and apparels sector, focusing on manufacturing, processing, and trading garments, textiles, fibres, and yarns. It will target both domestic and international markets through retail, wholesale, and e-commerce channels. PDS subscribed to 5,00,000 equity shares of face value ₹2 each, investing a total of ₹10 lakh in cash for a 100% stake. No governmental or regulatory approvals were required for the incorporation.
This is a small strategic move with a modest initial investment of ₹10 lakh, signalling PDS's intent to expand its textile sourcing operations through a dedicated arm. Shareholders are unlikely to see immediate stock price movement, but the new subsidiary could support long-term growth in the core textiles business.