Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, through letters dated May 27, 2021 and July 1, 2021, the company had earlier intimated that: the acquisition of 50% Equity Stake in Yellow Octopus Fashion, a Company incorporated under the laws of England by the Company’s step-down subsidiary, PDS Multinational FZCO, a Company incorporated under the laws of Dubai, United Arab Emirates will be consummated on or before August 31, 2021; the acquisition of 100% Equity Stake in PG Capital FZE, a Company incorporated under the laws of Dubai, United Arab Emirates by the Company’s step-down subsidiary, PDS Multinational FZCO, a Company incorporated under the laws of Dubai, United Arab Emirates will be consummated on or before August 31, 2021, PDS Multinational Fashions has informed that, as mutually agreed between the above said parties, the indicative time period for completion of the aforesaid acquisitions has been extended to October 31, 2021. All other terms and conditions remain unchanged.
The above information is a part of company’s filings submitted to BSE.
