PDS Limited has informed the Exchange regarding Notice of Postal Ballot
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Awaiting price reaction for this filing.
PDS Limited has issued a Postal Ballot notice dated February 10, 2026, seeking shareholder approval through remote e-voting for 5 special business items. The first resolution proposes shifting the registered office of the company from Maharashtra to Haryana. Resolutions 2 and 3 seek to increase the ESOP Plan 2021 – Plan B pool by an additional 2,99,000 options, taking the total pool to 8,05,740 options (about 0.57% of paid-up share capital), with one covering employees of subsidiaries. Resolution 4 authorises the PDS Multinational Fashions ESOP Trust to acquire company shares from the secondary market, capped at 2% of paid-up capital per year and 5% at any time. Resolution 5 authorises the company to lend up to Rs. 31.47 crore to the ESOP Trust to fund such share purchases, overriding earlier shareholder approvals from 2021, 2023 and 2024.
Most items are housekeeping corporate actions, but the Rs. 31.47 crore loan to the ESOP Trust and expansion of the stock option pool signal potential future equity dilution of roughly 0.57% for shareholders. The registered office shift to Haryana could bring tax or operational benefits, and shareholders should watch voting results expected by March 16, 2026.