Latest news about Pioneer Embroideries
Pioneer Embroideries
23.65
+0.23(+0.98%)
Company Performance:
View Company Insights1D+0.98%
1M-13.02%
6M-27.21%
1Y-45.09%
5Y-54.43%
More news about Pioneer Embroideries
14Oct 25
Pioneer E-Com Fashions LLP Releases 43.94 Lakh Pledged Shares of Pioneer Embroideries Limited
Pioneer E-Com Fashions LLP, a major stakeholder in Pioneer Embroideries, has released 43,93,918 pledged shares from Kotak Mahendra Bank Limited on October 9th, 2025. The company has filed the required disclosure under SEBI regulations with both BSE and NSE. This corporate action may indicate positive developments for the company, but investors are advised to monitor potential market impacts and conduct their own research.
25Sept 25
Pioneer Embroideries Announces Key Leadership Changes for 2025
Pioneer Embroideries Limited has appointed Mr. Saurabh Maheshwari as the new Managing Director and Mr. Vishal Sekhani as Executive Director, effective October 14, 2025. Maheshwari, with 25 years of industry experience, succeeds Mr. Harsh Vardhan Bassi. Sekhani, son of current Director Mr. Raj Kumar Sekhani, brings expertise in finance and e-commerce. Both appointments are for a five-year term, subject to shareholder approval.
22Sept 25
Pioneer Embroideries' Managing Director Harsh Vardhan Bassi Steps Down
Harsh Vardhan Bassi, Managing Director of Pioneer Embroideries Limited, has resigned citing personal reasons. His resignation will be effective from October 13, 2025. The company informed the BSE and NSE of this development on September 22, 2025. Bassi confirmed no material reasons for his resignation beyond those mentioned in his letter. Pioneer Embroideries has not yet announced succession plans or a new Managing Director appointment.
12Aug 25
Pioneer Embroideries Reports Q1 Results: Profit Surge Amid Revenue Decline
Pioneer Embroideries Limited reported a significant increase in net profit for Q1 ending June 30, despite a decline in revenue. Standalone net profit rose to ₹107.78 lakh from ₹21.81 lakh year-over-year, while net sales decreased to ₹8,590.74 lakh from ₹9,588.19 lakh. The profit boost was largely due to exceptional gains of ₹441.80 lakh from asset sales at Naroli. The company moved its manufacturing operations to a new unit at Degoan, Dhule. On a consolidated basis, net profit attributable to owners increased to ₹106.77 lakh from ₹20.50 lakh.
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