NSEGeneral Updates21h ago · 21 Sept 2026, 06:52 pm
General Updates
PDS Limited · PDSL
✦ AI SummaryDivestiture
PDS Limited has completed the transfer of its remaining 49% stake in DBS Lifestyle, ceasing DBS Lifestyle, Suri Overseas Private Limited, and Pangram Brands Global Private Limited as associate companies.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk8/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
PDS Limited has informed the Exchange about Update on Disinvestment
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PDSL_21092026185247_Ltr_DivestDBS_21092026.pdf
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PDS/SE/2026-27/63 September 21, 2026
Listing Department Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street,
Mumbai -400 051 Mumbai- 400 001
Scrip Symbol: PDSL Scrip Code: 538730
Re: ISIN - INE111Q01021
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 - Update on Disinvestment.
Dear Sir/ Madam,
In continuation of Company’s earlier intimation dated August 20, 2026, vide letter no. PDS/SE/2026-
27/60, regarding the execution of a Share Purchase Agreement (“SPA”) with Mr. Bhawnish Suri, Mrs.
Divya Suri and DBS Lifestyle India Private Limited (“DBS Lifestyle”) for the sale of the remaining 49%
stake held by the Company in DBS Lifestyle, this is to inform you that the Company has, effective today
i.e., September 21, 2026, completed the transfer of the said stake in DBS Lifestyle.
Consequent to the aforesaid transaction, DBS Lifestyle, Suri Overseas Private Limited and Pangram
Brands Global Private Limited have ceased to be associate companies of the Company with effect from
September 21, 2026.
We request you to kindly take the above information on record.
Thanking you,
Yours faithfully,
for PDS Limited
Abhishekh Kanoi
Group General Counsel & Company Secretary
ICSI Membership No.: FCS 9530