Pioneer Embroideries logo

Pioneer Embroideries MD, chairman, board of directors and AGM

NSE: PIONEEREMBBSE: 514300Textiles & ApparelsSmall Cap

Last close ₹17.98down ₹1.15 (6.01%)BSE ₹18.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹19.13.

52-week range of traded prices to 23 Oct 2026
₹17.80Low, 23 Oct 2026₹36.80High, 13 Nov 2025
Market cap
₹55 Cr3,079th largest listed
P/E
Lossover the last 12 months
P/B
0.4
Dividend yield
Nonein the last 12 months
ROE
−0.2%
ROCE
−0.1%
Debt to equity
0.54
Volume, NSE
6,21093.2% delivered

Pioneer Embroideries board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRAJ KUMAR SEKHANI
  • Company Secretary and Compliance OfficerAMI THAKKAR

6 directors3 independent3 executive

  • RAJ KUMAR SEKHANI · ChairpersonExecutive · joined Oct 1991 · reappointed Aug 2025 · 1 listed board
  • SAURABH MAHESHWARIExecutive · joined May 2021 · reappointed Oct 2025 · 64 months as independent · 1 listed board · 2 committee seats
  • VISHAL SEKHANIExecutive · joined Oct 2025 · 12 months as independent · 1 listed board · 1 committee seat
  • SUSHAMA SUNIL BHATTIndependent · joined May 2021 · 64 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • MAHESH KUMAR GUPTAIndependent · joined Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • VARUN KATHURIAIndependent · joined Aug 2023 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • HARSH VARDHAN BASSI, left 13 Oct 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 Aug 20266 of 6 present3 independent · 79 days in between
    • 26 May 20266 of 6 present3 independent

  • Audit Committee

    Chair VARUN KATHURIA

    MAHESH KUMAR GUPTA, SAURABH MAHESHWARI

    • 14 Aug 20263 of 3 present2 independent · 79 days in between
    • 26 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair MAHESH KUMAR GUPTA

    VARUN KATHURIA, SUSHAMA SUNIL BHATT

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair SUSHAMA SUNIL BHATT

    SAURABH MAHESHWARI, VISHAL SEKHANI

    • 14 Aug 20263 of 3 present1 independent · 79 days in between
    • 26 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M B A H AND COPeer-review certificate valid to Apr 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Pioneer Embroideries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Pioneer Embroideries dividend history

Annual general meeting, 20 Aug 2026

24,611 shareholders on the register on 13 Aug 2026; present: 4 promoters and 48 others; votes counted by SANJAY DHOLAKIA / SANJAY DHOLAKIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approve the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the year ended 31st March 2026 and the Report of the Directors and the Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.01% · promoters 100.00% · institutions 0.00% · other public 15.85%

  2. Appointment a director in place of Mr. Raj Kumar Sekhani (DIN:00102843) who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.01% · promoters 100.00% · institutions 0.00% · other public 15.85%

  3. Approve the appointment and payment of remuneration of the Cost Auditor for the financial year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.01% · promoters 100.00% · institutions 0.00% · other public 15.85%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Jan 2026, 2 resolutions

25,033 shareholders on the register on 28 Nov 2025; votes counted by SANJAY DHOLAKIA / SANJAY DHOLAKIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and approve appointment of Mr. Saurabh Maheshwari (DIN:00283903), Managing Director of the Company and payment of remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 40.30% · promoters 100.00% · institutions 0.00% · other public 14.41%

  2. To consider and approve appointment of Mr. Vishal Sekhani (DIN 02358110), as an Executive Director of the Company and payment of remuneration.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 7.97% · promoters 0.00% · institutions 0.00% · other public 15.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 Jul 2025, 7 resolutions

25,373 shareholders on the register on 24 Jul 2025; present: 4 promoters and 55 others; votes counted by SANJAY DHOLAKIA / SANJAY DHOLAKIA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the year ended 31st March, 2025 and the Report of the Directors and the Auditors thereon.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

  2. To approve re-appointment of Mr. Harsh Vardhan Bassi (DIN:00102941), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

  3. To approve re-appointment and payment of remuneration to Mr. Raj Kumar Sekhani (DIN:00102843), Chairman of the Company.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 26.66% · promoters 55.30% · institutions 0.00% · other public 16.27%

  4. To approve re-appointment and payment of remuneration to Mr. Saurabh Maheshwari (DIN:00283903), as an Executive Director of the Company.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

  5. To approve re-appointment of Ms. Sushama Bhatt (DIN:09168896) as an Independent Director of the Company.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

  6. To approve the appointment of M/s. Sanjay Dholakia & Associates, as the Secretarial Auditor for the period of 5 years commencing from financial year 2025- 2026.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

  7. To approve the appointment and payment of remuneration of M/s. D S A & Co., Cost Accountants as the Cost Auditor for the financial year ending 31st March, 2026.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 41.28% · promoters 100.00% · institutions 0.00% · other public 16.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 8 Nov 2024, 2 resolutions

Present: 4 promoters and 50 others.The company's voting result (opens in a new tab)

  1. 1 - AMENDMENT OF THE OBJECT CLAUSE OF THE MEMORANDUM OF nASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.74% · promoters 100.00% · institutions 0.00% · other public 17.29%

  2. 2 - ADOPTION OF AMENDED ARTICLES OF ASSOCIATION AS PER nPROVISIONS OF COMPANIES ACT, 2013
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.74% · promoters 100.00% · institutions 0.00% · other public 17.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 6 Aug 2024, 5 resolutions

Present: 4 promoters and 59 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the year ended 31st March, 2024 and the Report of the Directors and the Auditors thereon.MoreLess
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 40.37% · promoters 100.00% · institutions 7.72% · other public 17.65%

  2. To appoint a Director in place of Mr. Saurabh Maheshwari (DIN:00283903) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 40.37% · promoters 100.00% · institutions 7.72% · other public 17.65%

  3. To approve payment of remuneration to Mr. Harsh Vardhan Bassi (DIN:00102941), as a Managing Director of the Company
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 40.37% · promoters 100.00% · institutions 7.72% · other public 17.65%

  4. To approve payment of remuneration to Mr. Saurabh Maheshwari (DIN:00283903), as a Director of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 40.37% · promoters 100.00% · institutions 7.72% · other public 17.65%

  5. To approve the re-appointment and payment of remuneration of the Cost Auditor for the financial year ending 31st March, 2025.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.42%

    Turnout: all 40.37% · promoters 100.00% · institutions 7.72% · other public 17.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 6 resolutions

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the year ended 31st March, 2023 and the Report of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.10% · promoters 99.84% · institutions 19.99% · other public 16.98%

  2. To appoint a Director in place of Mr. Raj Kumar Sekhani (DIN:00102843) who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.37% · promoters 63.62% · institutions 19.99% · other public 16.98%

  3. To approve appointment of Mr. Mahesh Kumar Gupta (DIN: 01821446), as an Independent Director of the Company, not liable to retire bynrotation and to hold office for 5nconsecutive years w.e.f. 28thnAugust, 2023.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.10% · promoters 99.84% · institutions 19.99% · other public 16.98%

  4. To approve appointment of Mr. Varun Kathuria (DIN: 00027987) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.10% · promoters 99.84% · institutions 19.99% · other public 16.98%

  5. To approve payment of remuneration to Mr. Raj Kumar Sekhani (DIN:00102843), as a Chairman of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.37% · promoters 63.62% · institutions 19.99% · other public 16.98%

  6. To approve the re-appointment and payment of remuneration of the Cost Auditor for the financial year ending 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 44.10% · promoters 99.84% · institutions 19.99% · other public 16.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 12 Sep 2023, 1 resolution

Present: 4 promoters and 50 others.The company's voting result (opens in a new tab)

  1. 1 - Approval for issue up to 38,40,000 Share warrants of the Company on preferential basis to Mr. Raj Kumar Sekhani and M/s. Tano Investment Opportunities Fund, i.e. to the persons belonging to Promoter and Non Promoter Group respectively.MoreLess
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 34.17% · promoters 63.62% · institutions 19.99% · other public 20.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Jul 2022, 5 resolutions

Present: 3 promoters and 55 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including thenConsolidated Financial Statements) of the Company for the year ended 31* March, 2022 andnthe Report of the Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 40.65% · promoters 99.84% · institutions 19.79% · other public 10.35%

  2. To approve final dividend of Rs.0.30 paise per equity share of Rs.10/- each for the financialnyear 2021-2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 40.65% · promoters 99.84% · institutions 19.79% · other public 10.35%

  3. To appoint a Director in place of Mr. Harsh Vardhan Bassi (DIN: 00102941) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 40.67% · promoters 99.84% · institutions 19.79% · other public 10.38%

  4. To appoint M/s. M B A H & CO (ICAI Regn. No.121426W), Chartered Accountants as Statutory Auditors and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 40.65% · promoters 99.84% · institutions 19.79% · other public 10.35%

  5. To approve the re-appointment and payment of remuneration of the Cost Auditor for the financial year ending 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 40.65% · promoters 99.84% · institutions 19.79% · other public 10.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyBSE LimitedSince 30 Jun 2026

    Fine Levied

    Regulation 23 (9) for delay in filing related party transactions for the half year ended 31st March, 2026.
  • Fine or penaltyNational Stock Exchange of India LimitedSince 30 Jun 2026

    Fine Levied

    Regulation 23 (9) for delay in filing related party transactions for the half year ended 31st March, 2026.
  • Tax disputeDinesh Patel & OrsSince 9 Sep 2019
    The Interim Application filed by the Claimants was rejected by the Ld. Sole Arbitrator against which the Claimants have filed Arbitration Appeal before Hon’ble High Court at Bombay which is pending for hearing. Next date before High Court is on 6.11.2025. Further, the claim made by the claimants before Ld. Sole Arbitrator, the stage is for Cross Examination of the Claimant’s witness. Cross Examination of Claimant's witnesses have been completed. The matter is kept for final hearing on 19th and 20th November, 2026.MoreLess
    At the filing before: As per the MOU dated 13.08.2007 signed between claimants and respondent company for development of Plot No. 27 situated at Mahape, Navi Mumbai wherein in the year 2016 claimants raised the issue of non-performance of terms by the respondents and claimed interim compensation of Rs. 42 Lakhs wherein total claim mentioned under their statement of claims is Rs. 59 Crore, however, there is no justification/evidence or any documents in support of the said claim have been submitted by the claimants till date. Interim Application was decided in favour of company by Ld. Arbitrator and the interim claim of claimant was rejected. The CLaimant has filed Appeal before High Court, Bombay wherein as per the High Court's directions STT Enterprise (i.e.e Third Party) have been made a party to the present appeal by the Original Claimant. STT ENterprise has already filed its reply and the Appeal is pending for hearing. The said Appeal was disposed off by Hon'ble High Court, Bombay on 12.08.2026 wherein the Hon'ble High Court rejected the said appeal filed by Dinesh Patel & Ors. Against the said Order dated 12.08.2026, Mr. Dinesh Patel & Ors had filed a Special Leave Petition before Supreme Court of India which was also dismissed by the Hon'ble Supreme Court on 05.10.2026.MoreLess
  • Tax disputeCommissioner of GST & Central Excise, Thane New Commissionerate ( Respondent in Appeal)Since 16 Jan 2017
    Next date to be allotted.
    At the filing before: Order-in original dated 07-09-2017 passed by ld. Commisssioner of Service Tax Wherein respondent Company was directed to pay an amount Rs.1,33,31,202/- towards service Tax. The Respondent company has filed an appeal against the said order which is pending for adjudication.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.