Sale11 Nov 2026, 06:21 pm
Pioneer Embroideries Approves Sale of Sarigam Unit for ₹1.89 Cr
AI Summary
Pioneer Embroideries Ltd announced the outcome of its Board Meeting held on November 11, 2026. The board approved the sale of its Sarigam Embroidery Unit's land and building to M/s. Alchemy Interchem Private Limited for a total sale consideration of ₹1.89 crores. The proceeds will be utilized for the company's working capital. Additionally, the board reviewed the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the limited review report.
Key Highlights
- Board approved sale of Sarigam Embroidery Unit for ₹1.89 Cr.
- Sale proceeds to be used for working capital.
- Unaudited financial results for Q2 FY27 reviewed.
- Limited review of financial results also approved.
Price Impact
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