Pioneer Embroideries Limited
Incorporated in 1991, Pioneer Embroideries Ltd is a manufacturer of Special Polyester Filament Yarn (SPFY), Embroidery & Lace Products
What Pioneer files
- Others48
- Board Meeting14
- Important9
- Pledging5
- Credit Ratings3
- Results2
Pioneer Embroideries has announced a board meeting, approving the financial results for the quarter and half-year. The company reported a net loss of ₹3.79 Cr for the quarter and ₹2.71 Cr for the half-year, alongside revenue declines. A postal ballot notice was also approved.
Pioneer Embroideries Limited's Board of Directors has approved the sale of its Naroli Embroidery unit's land and building for ₹7.02 crore. The proceeds will be directed towards reducing term liabilities, thereby lowering the company's interest burden. The Naroli unit generated sales of approximately ₹6.17 crore in the current year, contributing...