PDS Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PDSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PDS Limited has announced the results of its postal ballot conducted between February 13 and March 14, 2026. All five special resolutions were approved by shareholders with the requisite majority. The resolutions covered: (1) shifting the registered office from Maharashtra to Haryana, (2-3) amendments to the PDS Limited Employee Stock Option Plan 2021 – Plan B (including for subsidiary employees), (4) authorising the PDS Multinational Fashions ESOP Trust to buy back shares via secondary market for ESOP administration, and (5) authorising the company to give a loan to the ESOP Trust for share acquisition. Total votes polled stood at 9.29 crore shares (65.69% of outstanding equity), with 31,233 shareholders on the cut-off date. The office shifting resolution passed with near-unanimous support (99.998% in favour), while the four ESOP-related resolutions passed with 97.90% approval. Notably, public institutional investors showed meaningful dissent on the ESOP resolutions, with 32.36% voting against.
Shareholders have greenlit the company's move to Haryana, which may bring tax or operational benefits, and approved key ESOP amendments that will enable the PDS Multinational Fashions ESOP Trust to acquire shares from the market and receive a company loan to fund ESOP grants. The 32% dissent from public institutions on the ESOP-related resolutions is worth noting, as it could reflect mild shareholder concern over potential share dilution or cash outflow for the trust loan.