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 Raj Kumar Sekhani
PIONEEREMB · price
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Raj Kumar Sekhani, a promoter of Pioneer Embroideries Ltd, disclosed under SEBI SAST Regulations that 9,06,082 shares (2.94% of share capital) pledged with Kotak Mahindra Bank have been released on 9th October 2025. Two other promoter group entities also released pledges on the same day — Pioneer E-com Fashions LLP released 53,00,000 shares (17.20%) and Bimla Devi Sekhani released 43,93,918 shares (14.26%) — all due to loan repayment. Post-release, the pledged holdings of all three promoter entities stand at NIL, and total promoter group holding is 1,00,78,325 shares (32.7% of share capital).
This is a positive signal for shareholders — promoter pledges have been fully released by repaying loans, which reduces the risk of forced share sales and signals improved financial standing of the promoter group.