Analysts/Institutional Investor Meet/Con. Call Updates

PDS/SE/2026-27/59 August 14, 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- 400001 Scrip Symbol: PDSL Scrip Code: 538730 Re: ISIN - INE111Q01021 Sub: Transcript of the Earnings Conference Call held on August 10, 2026. Dear Sir/Madam, Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of the Company’s Earnings Conference Call held on Monday, 10th August, 2026 at 2:00 PM IST wherein the Company’s Q1 FY-27 Financial results were discussed. This transcript can also be accessed on the website of the Company at below given link: https://pdsltd.com/investors/financial-reports/?report_group=investor-updates-call- transcripts&sub_filter_type=call-updates&report_year. You are requested to take the above information on record. Thanking you, Yours faithfully, for PDS Limited Abhishekh Kanoi Group General Counsel & Company Secretary ICSI Membership No.: F-9530 Enclosed: As above “PDS Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: PALLAK SETH – EXECUTIVE VICE CHAIRMAN SANJAY JAIN – GROUP CHIEF EXECUTIVE OFFICER SADIK SUNASARA – GROUP CHIEF FINANCIAL OFFICER Page 1 of 17 PDS Limited August 10, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the PDS Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Shirley Rodrigues. Thank you, and over to you, ma'am. Shirley Rodrigues: Good afternoon, everyone. A warm welcome to all participants to PDS Limited Q1 FY27 Earnings Call. The presentation and financial results for the quarter are available on the company's website and the stock exchanges. Please note that certain statements made during this call may constitute forward-looking statements and should be viewed in conjunction with the risks faced by the company. The conference call is being recorded, and the transcript and audio recording will subsequently be made available on the company's website and stock exchanges. We have with us today the management, including Mr. Pallak Seth, Executive Vice Chairman; Mr. Sanjay Jain, Group CEO; and Mr. Sadik Sunasara, Group CFO. I now hand over the call to Sanjay Jain to make the opening remarks. Sanjay Jain: Thank you, Shirley. Greetings to everyone and thank you for joining us. As we begin FY27, I would like to take a moment to reflect on where PDS is today and also, most importantly, the opportunity ahead. Over the past year or so, we have focused on strengthening the fundamentals of the organization, sharpening our portfolio, improving operating efficiency, strengthening further the capital discipline and importantly, building a stronger balance sheet. But at the same time, we have continued to build capabilities that will drive the next phase of growth of the company. This comes at a time of meaningful structural change in the global apparel and retail industry with brands and retailers increasingly seeking simpler, more diversified and cost-efficient supply chains. We believe these shifts play directly to PDS strengths. Our integrated platform across design, sourcing, manufacturing and supply chain solutions, enable us to support customers access multiple parts of their value chain and respond to their evolving needs. We are, therefore, moving from a phase of building and investing in the platform to one of scaling the capabilities we have built. And importantly, we are beginning to see this translate into stronger operating and financial performance. And importantly, we are gradually now happy to see this translating into numbers. We started the year with a good momentum across key operating metrics. The GMV has increased 11% year-on-year to ₹5,146 crores and the revenue has grown 15% to ₹3,444 crores, led by a particularly strong performance in North America, where the sales have grown 48%. More importantly, this growth has translated into significant improvement in profitability with EBITDA margin increasing 90% and profit after tax growing 43% year-over-year. We're also feeling positive with the visibility that we are now seeing on the quarters ahead. Our order book Page 2 of 17 PDS Limited August 10, 2026 has grown 23% year-on-year to ₹6,095 crores, and this reflects continued customer traction and a healthy pipeline of business. We have seen increasing traction across our customer base with new mandates and deeper engagement, reinforcing the relevance of our platform to global retailers and brands. During this quarter, we enhanced our customer base and new mandates from marquee customers, representing an annual business potential of approximately US$330 million. And given the longevity of these contracts over the 3 to 4-year horizon, we feel more positive that such an annual potential is not just for 1 year, for the coming years as well. We also partnered with Busana Apparel Group to further strengthen our manufacturing capabilities. As you know, we make at present EBIT margin of close to 6.5% on our manufacturing, that is largely coming in from catering to value retailers. With this Busana partnership, we get to engage with more and more fashion customers, and we also get to benefit from the skill set that Busana brings in. Therefore, in our present manufacturing capacity, we should do upgrade to customer profile and the margin thereof. These engagements across the sourcing as a service contracts and with Busana are important not only for the business that we bring today, but for the long-term opportunities that would keep unfolding. At the same time, our focus on enhancing efficiency in the way we deploy our capital continues to be sharp. Our net working capital has improved further to present level of 1 day, and the net debt has reduced close to 73% to about ₹29 crores. This is a reflection of the operating performance backed by continued strengthened financial position. And we believe this gives us good flexibility to embrace more and more opportunities that we are seeing unfolding for us. Importantly, the work that we have undertaken on our portfolio is also beginning to position the business for the next phase of growth. Our newer investments are progressing towards profitability and the rationalization of portfolio that we have initiated is on track. This allows us to direct our management’s attention and capital towards business and opportunities where we are now seeing more potential and a lower gestation in terms of bringing this to profitability. The next important aspect is that as we are entering into this important phase of our growth, there is an investment into digital and AI transformation journey. We are now seeing technology not simply as an enabler, but as a structural lever for the next phase of PDS growth. By embedding AI and digital capabilities across sourcing, pricing, supply management, data and operation, we are very positive and expect to enhance productivity, improve decision-making and create greater operating leverage as we scale. And alongside this, we are already in the midst of upgrading our SAP present platform to S/4HANA. So therefore, a blend of AI and digital capabilities on one hand, customized to interface with vendors, with factories with customers, and at the same time, the core IT infrastructure upgradation, we believe is necessary building blocks to the next phase of growth of our company, Page 3 of 17 PDS Limited August 10, 2026 deeper and wider engagement and therefore, being able to sca [Showing first 8,000 characters — download PDF for full document]