The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 14, 2025 for Pioneer E-Com Fashions LLP
PIONEEREMB · price
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Awaiting price reaction for this filing.
Pioneer E-Com Fashions LLP, a promoter entity of Pioneer Embroideries Ltd, disclosed that 43,93,918 shares (about 14.26% of share capital) pledged with Kotak Mahindra Bank Limited have been released on 9th October 2025 following loan repayment. The disclosure under SEBI SAST Regulation 31(1) and 31(2) also shows other promoter group entities (Raj Kumar Sekhani with 53,00,000 shares and Bimla Devi Sekhani with 9,06,082 shares) had their pledged shares released. Post-event, the total encumbered (pledged) shares of all promoters stand at NIL, meaning the promoter group is now completely free of any share pledge.
Positive for shareholders — the complete release of pledged promoter shares removes any forced-selling risk and signals improved financial health of the promoter group, having repaid their loans. This typically lifts a key overhang on the stock.