PDS reduces Onme Soho stake to 85% in strategic divestment

PDS Limited has disclosed the transfer of a 15% equity stake in its step-down wholly-owned subsidiary, Onme Soho Health and Beauty Limited, to Melanie Wilson, the business head and director of Onme Soho. This strategic move, effective December 4, 2025, aligns with the business objectives of the Onme Soho verticals.

Following the transaction, PDS Limited's shareholding in Onme Soho is reduced to approximately 85%, resulting in Onme Soho ceasing to be a wholly-owned step-down subsidiary of the company. The share transfer received approval from the relevant Hong Kong regulatory authority. The agreement for the sale was entered into on October 9, 2025.

The consideration received from this disposal amounts to HK$300,000. Onme Soho contributed ₹0.52 lakhs to PDS's turnover and ₹101 lakhs to its net worth in the last financial year. The buyer, Melanie Wilson, is not a member of the promoter and/or promoter group of the company, and the transaction was executed on an arm's-length basis.