PDS Limited has announced the dissolution of its step-down subsidiary, S. Oliver Fashion India Private Limited, effective January 8, 2026. This action is part of the PDS Group's ongoing initiative to streamline its corporate structure by eliminating non-operational and redundant entities.

The National Company Law Tribunal issued an order confirming the dissolution on January 8, 2026, which was received by the company on January 9, 2026. Consequently, S. Oliver Fashion India Private Limited has ceased to be a step-down subsidiary of PDS Limited.

The company stated that this transaction will not have any material impact on its financial position, as S. Oliver did not have any active business operations. The net worth contributed by S. Oliver was ₹180.36 Lakhs, representing 0.11% of the consolidated net worth, and its turnover was ₹0, contributing 0% to the consolidated turnover.