The SEBI Appellate Authority is adjudicating Appeal No. 6840 of 2026 filed by Deepak Kasana against the Central Public Information Officer (CPIO), SEBI, Mumbai. The appeal arises from an RTI application dated March 23, 2026 in which the appellant sought extensive records relating to PDS Limited’s disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covering the period from July 31, 2025 onwards.

Key Points

• Appellant Deepak Kasana filed an RTI application on March 23, 2026 seeking records related to PDS Limited and its subsidiary Poeticgem International Limited
• The CPIO responded by letter dated April 17, 2026; the appellant then filed this appeal (Reg. No. SEBIH/A/E/26/00139) on April 17, 2026
• Queries cover eight distinct categories of information including Regulation 30 disclosures, legal proceedings, forensic auditor engagement, and SEBI SCORES complaints
• Specific SCORES complaints referenced: SEBIE/HY26/GURG/005295/1 (dated February 6, 2026) and SEBIP/HY26/GURG/007006/1 (dated February 16, 2026)
• Appellant seeks records of a Civil Suit No. 126/2026 in Bangladesh (claim: approx. BDT 130 crore / ~INR 120 crore) involving PDS Limited
• Appellant seeks records of EOW Complaint OW No. 109/Unit-3/GC-1/EOW/PE No. 19-26
• PricewaterhouseCoopers was allegedly engaged as forensic investigator by PDS Limited on or around September 25, 2025
• Appellant also seeks any Show Cause Notices, examination orders, or adjudication notices issued by SEBI to PDS Limited or its directors/KMPs in connection with his complaints

Regulatory Changes

No regulatory changes are introduced by this order. This is a procedural RTI appellate matter adjudicated under the Right to Information Act, 2005.

Compliance Requirements

No new compliance requirements are imposed on market participants generally. The order pertains solely to SEBI’s obligation under the RTI Act to provide or withhold the requested information. PDS Limited is not directly a party to these RTI proceedings.

Important Dates

• March 23, 2026: Original RTI application filed by Deepak Kasana via RTI MIS portal
• April 17, 2026: CPIO, SEBI responded to the RTI application
• April 17, 2026: Appellant filed the present appeal (Reg. No. SEBIH/A/E/26/00139)
• July 31, 2025: Start of the period covered by the information requests
• September 25, 2025: Alleged date of PricewaterhouseCoopers engagement as forensic investigator by PDS Limited
• February 6, 2026: Date of SCORES Complaint No. SEBIE/HY26/GURG/005295/1
• February 16, 2026: Date of SCORES Complaint No. SEBIP/HY26/GURG/007006/1

Impact Assessment

This RTI appeal has limited direct market or regulatory impact. However, the underlying queries raise substantive governance concerns about PDS Limited, including alleged non-disclosure of material legal proceedings in Bangladesh, engagement of a forensic auditor, and whistleblowing incidents under Regulation 30 of SEBI LODR. If the Appellate Authority directs disclosure of the requested records, it could shed light on whether PDS Limited complied with its continuous disclosure obligations. Investors in PDS Limited should monitor the outcome of this appeal as it may reveal undisclosed material information about the company.