Stock Report

PDS Limited's Board Approved 5:1 stock split

Posted On : 2022-06-01 22:35:52( TIMEZONE : IST )

PDS Limited ("the Company"/ "PDS") is a design-led sourcing, manufacturing & supply chain platform catering to leading brands and retailers globally with a presence in over 22 countries.

The Board of Directors of the Company today has approved the subdivision of the Company's equity shares in the ratio of 5 (five) shares for every 1 (one) equity share, subject to the approval of the shareholders. The Company currently has 26,096,724 equity shares with a face value of ₹10 per equity share, translating into a paid-up capital of ₹ 260,967,240. After the split, the Company will have 130,483,620 equity shares with a face value of ₹2 per equity share.

The stock split is subject to the approval of the shareholders in the ensuing Annual General Meeting, which is scheduled on 29th July 2022. The record date for the said stock split will be announced at a later date.

Post the subdivision of equity shares the existing shareholders will be issued 5 (five) new shares for every 1 (one) equity share. The aim is to improve the liquidity of the equity shares in the stock market, encourage wider investor participation and make share price more affordable for small retail investors.

In FY 22, the Company reported revenues +US$1 billion. In line with the dividend distribution policy, the Company declared a 238% dividend of ₹23.85 per share, translating into a 25% EPS payout, subject to the approval of the shareholders.

Shares of PDS Multinational Fashions Limited was last trading in BSE at Rs. 1708.15 as compared to the previous close of Rs. 1678.00. The total number of shares traded during the day was 35 in over 13 trades.

The stock hit an intraday high of Rs. 1719.95 and intraday low of 1676.40. The net turnover during the day was Rs. 59154.00.