Pioneer Embroideries Limited has informed the Exchange regarding 'Pursuant to Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, Board has inter-alia considered and approved the following:a. Audited Standalone & Consolidated Financial Results, Statement of Assets and Liabilities and Statement of Cash Flow of the Company for the quarter and financial year ended 31st March, 2026 is enclosed as Annexure Ib. Auditor s Report on the Audited Standalone & Consolidated Financial Results of the Company for the financial year ended 31st March, 2026 is enclosed as Annexure IIc. Certificate of unmodified Opinion is enclosed as Annexure IIId. The 34th Annual General Meeting of the Company will be held on Thursday, 20th August, 2026 through video conferencing or other audio video means. e. Approved the shifting of the Corporate Office of the Company from Unit no 21 to 25, 2nd Floor, Orient House, 3A Udyog Nagar, Goregaon (West), Mumbai 400062 to Unit No. 101B. 1st Floor, Abhishek Premises, Plot No. C5-6, Dalia Industrial Estate, Off New Link Road, Andheri (West), Mumbai -400058 with effect from 1st June, 2026.f. The Register of Members and Share Transfer Books of the Company will remain closed from Friday, 14th August, 2026 to Thursday, 20th August, 2026 (both days inclusive) for the purpose of the 34th Annual General Meeting of the Company.The meeting of the Board of Directors of the Company commenced at 15.15 p.m. Noon and concluded at 17.30 p.m.'.
PIONEEREMB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pioneer Embroideries Limited reported FY2026 audited results with Total Income declining to ₹34,277.38 lakh from ₹38,136.01 lakh in FY2025 (approximately 10% decline). Standalone Net Profit dropped sharply to ₹65.54 lakh from ₹456.39 lakh in the prior year (85.6% decline). Consolidated Net Profit similarly fell to ₹60.22 lakh from ₹445.82 lakh. The company recorded exceptional items of ₹441.80 lakh net gain (₹649.41 lakh profit from sale of Naroli land and building, offset by ₹207.61 lakh lender liability). Without exceptional items, the company would have shown a pre-tax loss. Other income included ₹454.43 lakh electricity duty rebate. Auditor issued clean/unmodified opinions for both standalone and consolidated results. The Board also approved office relocation and scheduled the 34th AGM for August 20, 2026.
The sharp 85%+ decline in profit despite exceptional gains highlights underlying operational weakness in the textile business. Revenue contraction of ~10% and margin compression are concerning for shareholders. The company remains profitable only due to asset sale gains.