Pursuant to Regulation 44 (3) of Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulation, 2015 and Scrutinizers Report dated 5th January, 2026.
PIONEEREMB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Pioneer Embroideries Limited announced the results of a Postal Ballot conducted via remote e-voting between 5th December 2025 and 3rd January 2026. Two ordinary resolutions were put to shareholders: (1) appointment of Mr. Saurabh Maheshwari as Managing Director for 5 years from 14th October 2025 at a monthly remuneration not exceeding Rs. 4,50,000, and (2) appointment of Mr. Vishal Sekhani as Executive Director for 5 years at a monthly remuneration not exceeding Rs. 2,25,000. Both resolutions were passed with overwhelming majority — Resolution 1 received 99.99% votes in favour (12,418,149 out of 12,418,656 valid votes) with promoters voting 100% in favour. Resolution 2 received 99.98% votes in favour (2,454,824 out of 2,455,331 valid votes); promoters did not vote as Vishal Sekhani is part of the promoter group. Only 507 votes were cast against each resolution, with zero abstentions.
Both key managerial appointments are now formally approved by shareholders, allowing the company to consolidate its leadership team. The near-unanimous approval signals strong shareholder confidence, though the low public turnout (especially ~7.97% on Resolution 2 due to promoter abstention) limits broader market sentiment impact.