PDS logo

PDS MD, chairman, board of directors and AGM

NSE: PDSLBSE: 538730Textiles & ApparelsSmall Cap

Formerly PDS Multinational Fashions
Last close ₹341.90up ₹9.30 (2.80%)BSE ₹338.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹332.60.

52-week range of traded prices to 23 Oct 2026
₹246.05Low, 23 Mar 2026₹418.50High, 14 Jul 2026
Market cap
₹4,837 Cr826th largest listed
P/E
41.2
P/B
2.7
Dividend yield
0.97%
ROE
6.9%
ROCE
9.8%
Debt to equity
0.61
Volume, NSE
1,73,52930.4% delivered

PDS board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDeepak Kumar SethRelated to the promoter
  • Company Secretary and Compliance OfficerAbhishekh Kanoi

8 directors4 independent1 executive3 non-executive

  • Deepak Kumar Seth · ChairpersonNon-executive · joined Apr 2011 · 2 listed boards · 2 committee seats
  • Pallak SethExecutive · joined Apr 2011 · reappointed Nov 2022 · 1 listed board
  • Parth GandhiNon-executive · joined May 2021 · 1 listed board · 1 committee seat, 1 as chair
  • Robert SinclairIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Yael GairolaNon-executive · joined Dec 2021 · reappointed Jul 2023 · 1 listed board
  • Nishant ParikhIndependent · joined Dec 2021 · reappointed Dec 2021 · 54 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • BG SrinivasIndependent · joined Mar 2023 · reappointed Mar 2023 · 39 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sandra CamposIndependent · joined Nov 2023 · reappointed Nov 2025 · 31 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Payel Seth, left 31 Mar 2025: Others
  • Mungo Park, left 31 Mar 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 15 May 20267 of 8 present4 independent · 44 days in between
    • 31 Mar 20268 of 8 present4 independent · 48 days in between
    • 10 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair Nishant Parikh

    Deepak Kumar Seth, BG Srinivas

    • 15 May 20262 of 3 present2 independent · 44 days in between
    • 31 Mar 20263 of 3 present2 independent · 48 days in between
    • 10 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Robert Sinclair

    Nishant Parikh, Deepak Kumar Seth

    • 15 May 20262 of 3 present2 independent · 93 days in between
    • 10 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Parth Gandhi

    Robert Sinclair, Deepak Kumar Seth

    • 15 May 20262 of 3 present1 independent · 93 days in between
    • 10 Feb 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Nishant Parikh

    Parth Gandhi, Deepak Kumar Seth, Pallak Seth, Sanjay Jain, Sadik Sunasara, Suresh Punjabi

    • 30 Jan 20263 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Sandra Campos

    Pallak Seth, Parth Gandhi

    • 15 May 20263 of 3 present1 independent · 93 days in between
    • 10 Feb 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

PDS AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.PDS dividend history

Annual general meeting, 31 Jul 2026

33,079 shareholders on the register on 24 Jul 2026; present: 3 promoters and 59 others; votes counted by Gaurav Sainani / SGGS & Associates.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 65.91% · promoters 100.00% · institutions 53.71% · other public 0.02%

  2. 2 - To declare the final dividend of ₹1.65 /- (Rupee One and Sixty-Five Paise Only) per Equity Share for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 65.91% · promoters 100.00% · institutions 53.71% · other public 0.02%

  3. 3 - To appoint a director in place of Ms. Yael Gairola (DIN: 08434509), who retires by rotation, and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 65.91% · promoters 100.00% · institutions 53.71% · other public 0.02%

  4. 4 - To re-appoint Mr. Robert Sinclair (DIN: 09390821) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 65.91% · promoters 100.00% · institutions 53.71% · other public 0.02%

  5. 5 - To re-appoint Mr. Nishant Parikh (DIN: 07349640) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 65.91% · promoters 100.00% · institutions 53.71% · other public 0.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Mar 2026, 5 resolutions

31,233 shareholders on the register on 6 Feb 2026; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)

  1. Approval of the shifting of Registered Office of the Company from ‘State of Maharashtra’ to the ‘State of Haryana’.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.59%

    Turnout: all 65.69% · promoters 100.00% · institutions 46.95% · other public 0.11%

  2. To approve an amendment in the terms of PDS Limited Employee Stock Option Plan 2021 – Plan B.
    Special
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 32.36% · other public 4.23%

    Turnout: all 65.69% · promoters 100.00% · institutions 46.95% · other public 0.11%

  3. To approve an amendment in the terms of PDS Limited Employee Stock Option Plan 2021 – Plan B, for grant of employee stock options to eligible employees of the Company’s subsidiaries.
    Special
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 32.36% · other public 4.23%

    Turnout: all 65.69% · promoters 100.00% · institutions 46.95% · other public 0.11%

  4. To authorise PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company by way of secondary market acquisition for administration of PDS Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Special
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 32.36% · other public 4.23%

    Turnout: all 65.69% · promoters 100.00% · institutions 46.95% · other public 0.11%

  5. To authorise the Company to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Special
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 32.36% · other public 4.23%

    Turnout: all 65.69% · promoters 100.00% · institutions 46.95% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2025, 5 resolutions

32,361 shareholders on the register on 17 Jul 2025; present: 3 promoters and 51 others; votes counted by Gaurav Sainani / SGGS & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.43%

    Turnout: all 67.15% · promoters 100.00% · institutions 57.22% · other public 0.05%

  2. To declare the final dividend of Re. 1.70/- (Rupee One and Seventy Paise Only) per share for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.43%

    Turnout: all 67.15% · promoters 100.00% · institutions 57.22% · other public 0.05%

  3. To appoint a Director in place of Mr. Pallak Seth (DIN: 00003040), who retires by rotation, and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.62% for2.38% against

    Against: promoters 0.00% · institutions 27.91% · other public 1.72%

    Turnout: all 67.15% · promoters 100.00% · institutions 57.22% · other public 0.05%

  4. To appoint M/s. SGGS & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.72%

    Turnout: all 67.15% · promoters 100.00% · institutions 57.22% · other public 0.05%

  5. To re-appoint Ms. Sandra Campos (DIN: 10390929) as an Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.20% · other public 1.72%

    Turnout: all 67.15% · promoters 100.00% · institutions 57.22% · other public 0.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Apr 2025, 2 resolutions

31,482 shareholders on the register on 21 Mar 2025; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)

  1. Approval for the continuation of directorship of Dr. Deepak Kumar Seth (DIN: 00003021) as the Non-Executive Non-Independent Director of the Company, who will attain the age of 75 (Seventy-Five) Years.
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.60% · other public 2.84%

    Turnout: all 66.40% · promoters 100.00% · institutions 46.09% · other public 0.04%

  2. Approval for the grant of 1,25,000 Employee Stock Options to Mr. Parth Gandhi, Non-Executive and Non-Independent Director under the PDS Limited – Employee Stock Option Plan 2021 – Plan B.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.26% · other public 13.24%

    Turnout: all 66.40% · promoters 100.00% · institutions 46.09% · other public 0.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jul 2024, 6 resolutions

Present: 7 promoters and 45 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na.tthe Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.45%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

  2. To declare the final dividend of Rs. 3.15/- (Rupees Three and Fifteen Paise Only) per share for the financial year ended March 31, 2024.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.45%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

  3. To appoint a Director in place of Dr. Deepak Kumar Seth (DIN: 00003021), who retires by rotation, and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 49.17% · other public 10.45%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

  4. To appoint a Director in place of Mr. Parth Gandhi (DIN: 01658253), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.63% · other public 10.45%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

  5. To re-appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants, as Statutory Auditors and fix their remuneration for a second term of five years.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.62%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

  6. To authorize the Company to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Limited - Employees Stock Option Plan 2021 – Plan B.MoreLess
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 55.11% · other public 10.45%

    Turnout: all 66.75% · promoters 100.00% · institutions 18.31% · other public 0.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Approval of appointment of Ms. Sandra Campos (DIN: 10390929) as Non-ExecutivenIndependent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.25% · promoters 99.77% · institutions 4.61% · other public 1.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Dec 2023, 7 resolutions

The company's voting result (opens in a new tab)

  1. Increase in the Authorized Share Capital of the Company and consequently, alteration in the Capital Clause of the Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  2. Authorization for issuance of securities of the Company through permissible modes of fund raising
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 4.45% · other public 0.04%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  3. Authorization for providing Loan, guarantee / security and Investments by the Company to any Other Body Corporate
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 23.95% · other public 0.26%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  4. Increase in the borrowing powers of the Company under Section 180(1)(c) of Companies Act, 2013
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 4.45% · other public 0.16%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  5. Authorization to Board for creation of securities on the properties of the Company under Section 180(1)(a) of Companies Act, 2013
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 4.45% · other public 0.06%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  6. Authorization to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Multinational Fashions Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 16.66% · other public 0.23%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

  7. Change in the designation of Ms. Yael Gairola (DIN: 08434509) from ‘Non-Executive – Independent Director’ to ‘Non-Executive – Non-Independent Director’
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 11.75% · other public 0.04%

    Turnout: all 66.90% · promoters 99.77% · institutions 18.89% · other public 1.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 Jul 2023, 3 resolutions

Present: 6 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na.tthe Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andnb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.00%

    Turnout: all 66.04% · promoters 99.71% · institutions 1.77% · other public 0.03%

  2. To declare the final dividend of Rs. 2.60/- (Rupees Two Rupees Sixty Paisa Only) per share for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.00%

    Turnout: all 66.05% · promoters 99.71% · institutions 1.84% · other public 0.03%

  3. To appoint a Director in place of Mrs. Payel Seth (DIN: 00003035) who retires by rotation and, being eligible, offers herself for re-appointment
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 81.26% · other public 3.00%

    Turnout: all 66.05% · promoters 99.71% · institutions 1.84% · other public 0.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 31 Jul 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • 1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    1 for0 against
  • 2 - To declare the final dividend of ₹1.65 /- (Rupee One and Sixty-Five Paise Only) per Equity Share for the financial year ended March 31, 2026.
    1 for0 against
  • 3 - To appoint a director in place of Ms. Yael Gairola (DIN: 08434509), who retires by rotation, and being eligible, offers herself for re-appointment.
    1 for0 against
  • 4 - To re-appoint Mr. Robert Sinclair (DIN: 09390821) as an Independent Director of the Company.
    1 for0 against
  • 5 - To re-appoint Mr. Nishant Parikh (DIN: 07349640) as an Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 14 Mar 2026, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Approval of the shifting of Registered Office of the Company from ‘State of Maharashtra’ to the ‘State of Haryana’.
    3 for0 against
  • To approve an amendment in the terms of PDS Limited Employee Stock Option Plan 2021 – Plan B.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-disclosure of Exercise Price/ pricing formula since lower limit for grant of options has not been specified, hence range is too broad; Absolute Discretion to NRC to determine Exercise Price. The intent behind SEBI mandating disclosure of exercise price in the Notice, is that the shareholders could estimate the economic benefit proposed to be transferred to its employees during the course of time. Nondisclosure or authorizing NRC to decide such price defeats the purpose of SEBI requiring Companies to disclose such information. Governance Concern: Potential maximum benefit that may be granted to a single employee appears to be excessive.
    1 for1 against
  • To approve an amendment in the terms of PDS Limited Employee Stock Option Plan 2021 – Plan B, for grant of employee stock options to eligible employees of the Company’s subsidiaries.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern w.r.t. the resolution per-se. However, the Scheme is Non-Compliant under SEBI (SBEB & SE) Regulations and Interlinked with resolution #2.
    1 for1 against
  • To authorise PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company by way of secondary market acquisition for administration of PDS Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern w.r.t. the resolution per-se. However, the Scheme is Non-Compliant under SEBI (SBEB & SE) Regulations and Interlinked with resolution #2.
    2 for1 against
  • To authorise the Company to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern w.r.t. the resolution per-se. However, the Scheme is Non-Compliant under SEBI (SBEB & SE) Regulations and Interlinked with resolution #2.
    2 for1 against
2 proposals not matched to one resolution
  • Approve amendment to PDS Limited Employee Stock Option Plan 2021 – Plan B
    1 for0 against
  • Approve extension of amended PDS Limited Employee Stock Option Plan 2021 – Plan B to employees of present and future subsidiary company(ies)
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 24 Jul 2025, 3 fund houses

  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    3 for0 against
  • To declare the final dividend of Re. 1.70/- (Rupee One and Seventy Paise Only) per share for the financial year ended March 31, 2025.
    3 for0 against
  • To appoint a Director in place of Mr. Pallak Seth (DIN: 00003040), who retires by rotation, and being eligible, offers himself for re-appointment.
    Against Axis Mutual Fund, Motilal Oswal Mutual Fund
    • Axis Mutual FundPallak Seth, 47, is part of the promoter family and son of Dr. Deepak Seth, Non-Executive Chairperson – PDS Limited. He is currently serving as Executive Vice-Chairperson and has been on the board since 6 April 2011. He has attended four out of ten (40%) board meetings in FY25 and seventeen out of twenty-four (71%) board meetings over the last three years. We expect directors to attend at least 75% of the board meetings over a three-year period. Thus, given his low attendance, we do not support his reappointment to the board.
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Low attendance in Board Meetings.
    1 for2 against
  • To appoint M/s. SGGS & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    3 for0 against
  • To re-appoint Ms. Sandra Campos (DIN: 10390929) as an Independent Director of the Company.
    3 for0 against

Mutual fund votes, meeting of 30 Apr 2025, 3 fund houses

  • Approval for the continuation of directorship of Dr. Deepak Kumar Seth (DIN: 00003021) as the Non-Executive Non-Independent Director of the Company, who will attain the age of 75 (Seventy-Five) Years.
    Against Navi Mutual Fund
    • Navi Mutual FundCompliant with law. Governance Concern: Chairperson related to Promoter ED.
    2 for1 against
  • Approval for the grant of 1,25,000 Employee Stock Options to Mr. Parth Gandhi, Non-Executive and Non-Independent Director under the PDS Limited – Employee Stock Option Plan 2021 – Plan B.
    Against Navi Mutual Fund
    • Navi Mutual FundCompliant with law. Governance Concern: Grant of ESOPs to Non-Executive Director he is not a Full-Time Employee of the Company, thereby thinning down the original intent of ESOPs.
    2 for1 against

Mutual fund votes, meeting of 26 Jul 2024, 3 fund houses

  • To receive, consider and adopt:na.tthe Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    3 for0 against
  • To declare the final dividend of Rs. 3.15/- (Rupees Three and Fifteen Paise Only) per share for the financial year ended March 31, 2024.
    3 for0 against
  • To appoint a Director in place of Dr. Deepak Kumar Seth (DIN: 00003021), who retires by rotation, and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundComplaint with law. Governance Concern: Chairman related to ED
    0 for3 against
  • To appoint a Director in place of Mr. Parth Gandhi (DIN: 01658253), who retires by rotation, and being eligible, offers himself for re-appointment.
    3 for0 against
  • To re-appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants, as Statutory Auditors and fix their remuneration for a second term of five years.
    3 for0 against
  • To authorize the Company to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Limited - Employees Stock Option Plan 2021 – Plan B.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance and Transparency Concern: Lack of clarity regarding Exercise Price.
    0 for3 against

Mutual fund votes, meeting of 31 Dec 2023, 2 fund houses

  • Approval of appointment of Ms. Sandra Campos (DIN: 10390929) as Non-ExecutivenIndependent Director of the Company
    2 for0 against

Mutual fund votes, meeting of 3 Dec 2023, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Increase in the Authorized Share Capital of the Company and consequently, alteration in the Capital Clause of the Memorandum of Association of the Company
    1 for0 against
  • Authorization for providing Loan, guarantee / security and Investments by the Company to any Other Body Corporate
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Omnibus approval to grant loans/ guarantees or investments; Inadequate disclosure.
    0 for1 against
  • Authorization to grant a loan to the PDS Multinational Fashions ESOP Trust to acquire equity shares of the Company for implementation of the PDS Multinational Fashions Limited - Employees Stock Option Plan 2021 – Plan BMoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. Governance and Transparency Concern: Lack of clarity regarding Exercise Price.
    0 for1 against
  • Change in the designation of Ms. Yael Gairola (DIN: 08434509) from ‘Non-Executive – Independent Director’ to ‘Non-Executive – Non-Independent Director’
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-compliant with Regulation 17(1C) of SEBI LODR: Delayed shareholders’ approval. Governance concern: Cooling off period not served. Transparency Concern: Profile of Director not disclosed in notice.
    0 for1 against
3 proposals not matched to one resolution
  • To borrowing from time to time, any sum of monies, whether in Indian or foreign currency, which together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s bankers in the Ordinary course of business) which may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose provided that the total outstanding amount so borrowed shall not at any time exceed the limit of Rs.2,500 Crore over and above the aggregate of the paid-up capital of the Company and its free reserves and securities premium.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: ~98% of the existing borrowing limits remains unutilized and the proposed increase in the borrowing limits is ~9x of Company’s total assets.
    0 for1 against
  • To create, offer, issue and allot (including with provisions for reservations on firm and/ or competitive basis, or such part of issue and for such categories of persons as may be permitted) such number of Securities (as defined hereinafter), by way of an offer document/prospectus or such other document, in India or abroad, such number of Equity Shares of the face value of Rs.2 each and aggregating up to Rs.625 Crores.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. Governance concern: Excessive dilution. No specific justification.
    0 for1 against
  • To create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties, both present and future, and in such manner as the Board may deem fit, together with power to take over the substantial assets of the Company in certain events in favour of banks/financial institutions, investment institutions and their subsidiaries, mutual funds, trusts, other bodies corporate (hereinafter referred to as Lending Agencies) and trustees for the holders of debentures/bonds/other instruments to secure rupee/foreign currency loans and/or the issue of debentures whether partly/fully convertible or non-convertible and/ or rupee/foreign currency convertible bonds and/or foreign currency bonds and/or bonds with share warrants attached (hereinafter collectively referred to as Loans) provided that the total amount of Loans together with interest thereon, additional interest, compound interest, liquidated damages, commitment charges, premium on pre-payment or on redemption, costs, charges, expenses and all other monies payable by the Company in respect of the said Loans for which the charge is to be created, shall not, at any time exceed Rs.2,500 Crores.MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: ~98% of the existing borrowing limits remains unutilized and the proposed increase in the borrowing limits is ~9x of Company’s total assets.
    0 for1 against

Mutual fund votes, meeting of 31 Jul 2023, 1 fund house

  • To receive, consider and adopt:na.tthe Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andnb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
    1 for0 against
  • To declare the final dividend of Rs. 2.60/- (Rupees Two Rupees Sixty Paisa Only) per share for the financial year ended March 31, 2023
    1 for0 against
  • To appoint a Director in place of Mrs. Payel Seth (DIN: 00003035) who retires by rotation and, being eligible, offers herself for re-appointment
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtDesign Arc Aisa LimitedSince 1 Apr 2026

    2.00% bought in the quarter; holding 95.00%, from 93.00%

  • Unlisted stake boughtAskLily (Selectika)Since 12 May 2026

    6.91% bought in the quarter; holding 10.52%, from 3.61%

  • Unlisted stake boughtLove the SalesSince 1 Apr 2026

    9.61% bought in the quarter; holding 9.61%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A statement's amounts are left out where the company filed the same raise a power of ten apart in its other statements and the filings do not settle which is right.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPAug 2024, checked by CRISIL Limited–––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.