The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 30, 2025 for Raj Kumar Sekhani
PIONEEREMB · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.4 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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Promoter Raj Kumar Sekhani has pledged 9,06,082 shares of Pioneer Embroideries Limited, equal to 2.94% of the company's total share capital, in favour of Union Bank of India on October 28, 2025, as security against a loan. Separately, on the same date, promoter group entity Pioneer E-com Fashions LLP also pledged 43,93,918 shares (14.26%) with Union Bank of India. Combined, the promoter group's encumbered holding now stands at approximately 53 lakh shares, or about 17.20% of total share capital, up from 14.42% earlier.
This is a pledge creation, not a sale, so promoters still retain economic ownership of the shares — they are simply using them as collateral to raise debt. Retail investors should keep an eye on whether these pledges are later invoked, which could trigger forced selling and pressure the stock.