Pioneer Embroideries Limited held its Board of Directors meeting on 14th August, 2026 at Unit No. 101B, 1st Floor, Abhishek Premises, Plot No. C5-6, Dalia Industrial Estate, Off New Link Road, Andheri (West), Mumbai - 400058. The meeting commenced at 11:45 AM and concluded at 2:25 PM.

Financial Results Approval

The Board considered and approved:

  • Unaudited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2026 (Annexure-I)
  • Limited Review on the Unaudited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2026 (Annexure-II)

Standalone Financial Results (₹ in lakh)

Income Statement:

  • Net Sales/Income from Operations: ₹9,631.58 (Q1 FY27) vs ₹8,590.74 (Q1 FY26)
  • Other Operating Income: ₹38.52 (Q1 FY27) vs ₹20.96 (Q1 FY26)
  • Other Income: ₹180.44 (Q1 FY27) vs ₹25.40 (Q1 FY26)
  • Total Income: ₹9,850.54 (Q1 FY27) vs ₹8,637.10 (Q1 FY26)

Expenses:

  • Cost of Material Consumed: ₹6,485.51 (Q1 FY27) vs ₹5,039.12 (Q1 FY26)
  • Purchase of Stock in Trade: ₹157.35 (Q1 FY27) vs ₹197.52 (Q1 FY26)
  • Changes in Inventories: (₹154.88) (Q1 FY27) vs ₹123.67 (Q1 FY26)
  • Employee Benefit Expense: ₹892.93 (Q1 FY27) vs ₹982.53 (Q1 FY26)
  • Finance Costs: ₹185.45 (Q1 FY27) vs ₹261.78 (Q1 FY26)
  • Depreciation & Amortisation: ₹371.17 (Q1 FY27) vs ₹395.85 (Q1 FY26)
  • Other Expense: ₹1,894.17 (Q1 FY27) vs ₹1,936.24 (Q1 FY26)
  • Total Expenses: ₹9,831.70 (Q1 FY27) vs ₹8,936.71 (Q1 FY26)

Profitability:

  • Profit before exceptional items and tax: ₹18.84 (Q1 FY27) vs (₹299.61) (Q1 FY26)
  • Exceptional Items: None (Q1 FY27) vs ₹441.80 (Q1 FY26)
  • Profit Before Tax: ₹18.84 (Q1 FY27) vs ₹142.19 (Q1 FY26)

Tax Expense:

  • Current Tax: ₹9.03 (Q1 FY27) vs ₹3.62 (Q1 FY26)
  • Deferred Tax: (₹3.85) credit (Q1 FY27) vs ₹30.79 charge (Q1 FY26)
  • Net Profit for the Period: ₹13.66 (Q1 FY27) vs ₹107.78 (Q1 FY26)

Other Comprehensive Income:

  • Items not reclassified to P&L: ₹9.98 (Q1 FY27) vs ₹1.70 (Q1 FY26)
  • Total Comprehensive Income: ₹23.64 (Q1 FY27) vs ₹109.48 (Q1 FY26)

Capital Structure:

  • Paid-up Equity Share Capital: ₹3,081.54 (face value ₹10 per share)
  • EPS Basic: ₹0.04 (Q1 FY27) vs ₹0.35 (Q1 FY26)
  • EPS Diluted: ₹0.04 (Q1 FY27) vs ₹0.35 (Q1 FY26)

Consolidated Financial Results (₹ in lakh)

Income Statement:

  • Net Sales/Income from Operations: ₹9,631.58 (Q1 FY27)
  • Other Operating Income: ₹38.52 (Q1 FY27)
  • Other Income: ₹180.55 (Q1 FY27)
  • Total Income: ₹9,850.65 (Q1 FY27)

Profitability:

  • Profit before share of profit/(loss) of associate, exceptional items and tax: ₹17.99 (Q1 FY27)
  • Share of Profit/(Loss) of Associates: (₹1.16) (Q1 FY27)
  • Profit Before Tax: ₹16.83 (Q1 FY27)
  • Net Profit for the period: ₹11.65 (Q1 FY27)
  • Total Comprehensive Income: ₹21.63 (Q1 FY27)

Attribution:

  • Net Profit attributable to Owners: ₹12.03 (Q1 FY27)
  • Net Profit attributable to Non-controlling Interest: (₹0.38) (Q1 FY27)
  • EPS Basic: ₹0.04 (Q1 FY27)
  • EPS Diluted: ₹0.04 (Q1 FY27)

Notes to Financial Statements

1. Results reviewed by Audit Committee and approved by Board on 14th August, 2026. Statutory Auditors conducted Limited Review. Prepared in accordance with Indian Accounting Standards (IND AS).

2. Single business segment: 'Textiles' as per Ind AS-108.

3. Other Income for current quarter includes ₹131.72 lakh from profit on disposal of old machinery.

4. Other Income for quarter ended 31st March 2026 included ₹454.43 lakh from electricity duty rebate on expansion for earlier years, allowed by HPERC.

5. Exceptional Items for quarter ended 30th June 2025:

  • Profit of ₹649.41 lakh from sale of land and building assets at Naroli
  • Expense of ₹207.61 lakh for recognition of full and final liability towards lender

6. Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published nine-month figures.

7. Previous period figures regrouped/rearranged for current period classifications.

Auditor Review

M B A H & CO, Chartered Accountants (Firm Registration Number: 121426W) provided limited review reports for:

  • Pioneer Embroideries Limited (standalone and consolidated)
  • Hakoba Lifestyle Limited
  • Pioneer Realty Limited

The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI. The auditors stated that nothing came to their attention causing them to believe the financial results contain material misstatements.

Consolidated Entities

The consolidated financial results include:

  • Hakoba Lifestyle Limited (Subsidiary)
  • Pioneer Realty Limited (Subsidiary)
  • Crystal Lace (India) Limited (Subsidiary)
  • Shree Ganesh Integrated Textile Park Private Limited (Associate)

One subsidiary's interim financial results were not reviewed by their auditor but were certified by management and considered not material to the Group.