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BSE Code : 538730 | NSE Symbol : PDSL | ISIN : INE111Q01021 | Industry : Trading |


Chairman's Speech

Dear Stakeholders,

It is always a pleasure to write to you at the end of an eventful year. As I look back on the past year, it is clear that our journey has been one characterized by resilience, growth, and unwavering optimism. Despite the tumultuous currents of global economic challenges, there are glimmers of hope that buoy our spirits and light our path forward. Amid the backdrop of uncertainty, the World Bank's projection of modest economic growth provides a beacon of encouragement.

While the fashion industry may face some turbulence in demand, we remain steadfast in our belief that a resurgence is on the horizon, breathing new life into our endeavours. With these promising indicators guiding our way, coupled with the strategic initiatives we have undertaken, we stand poised on the brink of sustainable growth in the forthcoming year and beyond.

At the heart of PDS, lies our commitment to partnership and ownership, where we empower individuals to seize opportunities and foster a culture defined by our cherished values. We embrace the core pillars of Trust, Transparency and Teamwork. Trust forms the foundation, Transparency fosters open communication and Teamwork fuels collective success. These pillars guide our actions, shaping a culture of collaboration and reliability.

Our strategy is rooted in the principle that our people are the driving force behind our achievements. We take pride in our diverse and inclusive workforce, with individuals from over 46 nationalities, including approximately 58% women. Each business vertical cultivates its distinct culture, enriching our collective experience. We prioritize continual investment in the development of our leaders and employees to position ourselves effectively for long-term success. Every quarter we invite renowned faculty from B Schools like Harvard to take sessions for our senior leaders under the PDS Leadership Academy program. Additionally, the PDS Learning Academy offers a range of soft skills and functional training programs tailored to enhance the capabilities of all employees.

Our pursuit of excellence extends far beyond the boardroom, encompassing our motivation to give back to society and the environment. A significant achievement for PDS is the inauguration of our second solar power plant in Bangladesh, capable of generating 1 megawatt (1MWh) of clean, renewable energy. This transformative step has turned two of our three manufacturing units into eco-friendly facilities, aligning with our commitment to environmental responsibility. We are proud to announce our commitment to the Science Based Targets initiative (SBTi), aligning our sustainability efforts with global climate science. Having signed the commitment letter, we will develop and set our targets within the next 24 months and get them validated by SBTi.

We believe that providing quality education not only helps one provide for themselves but also uplifts the entire community. With this ethos in mind, we persist in our support of initiatives like the SOHAM School for Kids in Hyderabad and Hope Worldwide in Bangladesh, ensuring access to education for children and providing vocational training for their parents. Further, our business verticals engage in initiatives that make meaningful contributions to the regions where they operate.

As we embark on the next chapter of our journey, let us do so with hearts filled with hope, minds brimming with innovation and a shared commitment to leaving an indelible mark on the world-one that stands as a testament to our unwavering dedication to our vision to be the most admired global enterprise providing innovative fashion solutions in the most ethical and trusted way.

With gratitude and optimism,

Dr. Deepak Kumar Seth

Chairman

   

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