Rahul Ahuja joined PDS Group as COO & CFO of New Businesses in India and was responsible for spearheading strategic initiatives. He has now taken on the role of Group CFO and will report to Sanjay Jain (Group CEO).

Ahuja holds a Bachelor's degree in Commerce from Shri Ram College of Commerce, University of Delhi, and is a qualified Chartered Accountant. In his previous assignment, he was the President & Dy CFO for HDFC Ergo General Insurance.

Ahuja's appointment follows the resignation of Ashish Gupta with effect from the close of business hours on 24 January 2023. Gupta has decided to pursue the role of chief executive officer outside of PDS Group. Ashish has been associated with the PDS for 2 years.

PDS is a global fashion infrastructure company offering product development, sourcing, manufacturing and distribution for major brands and retailers worldwide. The company operates a vast global network covering over 50 offices, 22 countries, with over 3,300 associates and 6,500 factory associates worldwide.

Net profit of PDS rose 17.89% to Rs 77.51 crore on 15.33% rise in net sales to Rs 2573.75 crore in Q3 December 2022 over Q3 December 2021.

Shares of PDS rose 0.76% to Rs 337.65 on Tuesday, 24 January 2023.

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Net profit of PDS rose 17.89% to Rs 77.51 crore in the quarter ended December 2022 as against Rs 65.75 crore during the previous quarter ended December 2021. Sales rose 15.33% to Rs 2573.75 crore in the quarter ended December 2022 as against Rs 2231.67 crore during the previous quarter ended December 2021.

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PDS announced the opening of a Centralised Cutting Plant (CCP) in the Sri Lankan subsidiary Norlanka, located in Malwana.

This plant's commercial production commenced in late December 2022 and is now operational with a fully digitalized and integrated system starting from mills inspection into warehouse, fabric inspectionand the cutting process. This centralised operation uses advanced automated machinery in partnership with TUKATECH, unlocking smart cut planning and fabric cut efficiency to enhance the quality of the end product and productivity of the process. With a centralised data management system, transparency is created within the entire supply chain.

The CCP will serve the company's manufacturing facilities in Sri Lanka and will cut ~8 million metres of fabric translating into 33 million pieces annually. Furthermore, the cutting plant also houses a centralized printing facility and an inhouse embroidery facility is planned soon. The CCP will assist in turning existing occupied spaces of the cutting divisions and raw material warehouses across our manufacturing facility into spaces with additional production lines, leading to an increase in capacitiesby one million standard hours (SAH) per annum. This investment is a key step towards further enhancing the PDS manufacturing vertical capabilities through state-of-the-art machineries and digitalized processes in Sri Lanka. Adhering to the best ESG standards, the plant also has an efficient waste management system for better control of waste and the visibility of its end of life.

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PDS announced that the website of the Company has been changed from www.pdsmultinational.com to www.pdsltd.com.

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