Pioneer Embroideries confirms no encumbrance on promoter shares in FY26

Pioneer Embroideries Limited confirmed that its promoters and persons acting in concert did not create any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The disclosure ensures that the shares held by the promoters remain free from charges or liens other than those previously reported to the stock exchanges. This compliance is mandatory under the Securities and Exchange Board of India (SEBI) regulations regarding substantial acquisition of shares and takeovers.

The confirmation was submitted by Raj Kumar Sekhani on behalf of himself and other promoters to the Audit Committee of Pioneer Embroideries . The letter explicitly states that no direct or indirect encumbrance was made on the shares held in the company during the specified period. The disclosure is part of the company's ongoing regulatory filings to maintain transparency with shareholders and market regulators.

Regulatory Compliance

The declaration was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to periodically disclose any encumbrance on their shareholdings to ensure that the market is aware of any potential risks associated with the pledged shares.

Entity	Regulation	Period Covered
Pioneer Embroideries Limited	SEBI (SAST) Regulations, 2011, Reg 31(4)	FY ended March 31, 2026

The letter was addressed to the corporate services departments of both the Bombay Stock Exchange Ltd and the National Stock Exchange of India Ltd. The company codes provided were 514300 for BSE and PIONEEREMB for NSE, with the ISIN INE156C01018. The promoters' confirmation helps maintain investor confidence by ensuring that the shareholding structure remains stable and free from undisclosed financial obligations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.73%	-9.60%	-12.44%	-21.49%	-45.62%	-58.38%

Pioneer Embroideries Limited reported a net profit of ₹65.54 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹456.39 lakh in the previous year. The return to profitability was driven by exceptional items, including a profit of ₹649.41 lakh from the sale of land and building assets at Naroli, partially offset by the recognition of a full and final liability of ₹207.61 lakh towards a lender for an earlier year. The board approved the audited standalone and consolidated financial results at its meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹416.34 lakh, a significant increase from ₹144.61 lakh in the corresponding period of the previous year. Total income for the quarter stood at ₹9,162.31 lakh, while total expenses were ₹8,593.64 lakh. The statutory auditors, M B A H & Co, issued an unmodified opinion on the financial results.

The board also approved the shifting of the corporate office from Orient House in Goregaon (West) to Abhishek Premises in Andheri (West), effective June 1, 2026. Additionally, the company announced that the 34th Annual General Meeting will be held on Thursday, August 20, 2026, via video conferencing. The register of members and share transfer books will remain closed from August 14, 2026, to August 20, 2026, for the AGM.

Financial Performance

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Total Income	34,277.38	38,136.01
Total Expenses	34,640.16	37,499.31
Net Profit	65.54	456.39
Basic EPS (₹)	0.21	1.50

The company's other income for the year included ₹454.43 lakh on account of an electricity duty rebate on expansion for earlier years, allowed by HPERC. Furthermore, the company received approval for a capital subsidy under the State Textile Policy 2018-23 of the Government of Maharashtra, deducting a subsidy receivable of ₹1,779.16 lakh from the gross cost of machinery.