Integrated Filing — IndAS



General information about company
Scrip Code 514300
NSE Symbol PIONEEREMB
MSEI Symbol NA
ISIN INE156C01018
Name of company PIONEER EMBROIDERIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment TEXTILE
Start date and time of board meeting 27-May-2025   12:00:00
End date and time of board meeting 27-May-2025   14:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-27
Indicate Company website link for updated RPT policy of the Company www.pelhakoba.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 887536000 3750636000
Other income 40076000 62965000
Total income 927612000 3813601000
2 Expenses
(a) Cost of materials consumed 525817000 2157988000
(b) Purchases of stock-in-trade 9611000 31902000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 6889000 82004000
(d) Employee benefit expense 110607000 426880000
(e) Finance costs 20388000 95959000
(f) Depreciation, depletion and amortisation expense 39578000 156512000
(f) Other Expenses
1 other 193475000 798686000
Total other expenses 193475000 798686000
Total expenses 906365000 3749931000
3 Total profit before exceptional items and tax 21247000 63670000
4 Exceptional items 0 0
5 Total profit before tax 21247000 63670000
6 Tax expense
7 Current tax -2228000 0
8 Deferred tax 9014000 18031000
9 Total tax expenses 6786000 18031000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 14461000 45639000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 14461000 45639000
17 Other comprehensive income net of taxes -1818000 683000
18 Total Comprehensive Income for the period 12643000 46322000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 308154000 308154000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1293038000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.47 1.5
Diluted earnings (loss) per share from continuing operations 0.47 1.5
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.47 1.5
Diluted earnings (loss) per share from continuing and discontinued operations 0.47 1.5
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.These financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act 2013 and other recognized accounting practices and policies to the extent applicable. n2.The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 27th May 2025 and Statutory Auditors of the Company have carried out the audit of the same. n3.The Business activity of the Company falls within a single primary business segment viz Textiles and hence there is no other reportable segment as per Ind AS 108 operating segments n4.During the year the Company has received approval for Subsidy under Package Scheme of Incentive 2019 of Government of Maharashtra. Accordingly the Company has accounted subsidy on accrual basis in accordance with Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance n5.Other Income for the current quarter includes Rs.397.50 lakhs received on account of the maturity claim of a Keyman Insurance Policy. n6.Finance Costs for the current quarter, and for the year ending 31st March 2025 is net of Interest Subsidy of Rs.110.77 lakhs and Rs.223.37 lakhs which includes Rs.78.29 lakhs receivable for the period September 23 to March 24 under Package Scheme of Incentive 2019 of Government of Maharashtra. Benefit of this subsidy will continue till the tenure of loan. n7.Company is working with expanded capacities of Embroideries and Laces at its new plant at Shree Ganesh Integrated Textile Park Degoan Dhule in Maharashtra from August 2023 and of Specialized Polyester Filament Yarn at its plant at Himachal Pradesh from June 2023. Accordingly the figures for the current year are not comparable with figures of corresponding year. n8.During the quarter no employees have exercised their ESOP options. n9.The figures for the previous periods have been regrouped/ rearranged wherever considered necessary to confirm current period classifications. n10.The figures for the quarter ended March 31 2025 and March 31 2024 are the balancing figures between audited figures for the full financial year and the published year to date figures for the nine months ended December 31 2024 and December 31 2023. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1739673000
Capital work-in-progress 1677000
Investment property 0
Goodwill 0
Other intangible assets 80942000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 198564000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 26006000
Total non-current financial assets 224570000
Deferred tax assets (net) 0
Other non-current assets 19509000
Total non-current assets 2066371000
2 Current assets
Inventories 547945000
Current financial asset
Current investments 9825000
Trade receivables, current 280392000
Cash and cash equivalents 18340000
Bank balance other than cash and cash equivalents 439000
Loans, current 38963000
Other current financial assets 64234000
Total current financial assets 412193000
Current tax assets (net) 13600000
Other current assets 96082000
Total current assets 1069820000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 3136191000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 308154000
Other equity 1293038000
Total equity attributable to owners of parent 1601192000
Non controlling interest
Total equity 1601192000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 358816000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 65546000
Total non-current financial liabilities 424362000
Provisions, non-current 59279000
Deferred tax liabilities (net) 75586000
Deferred government grants, Non-current 0
Other non-current liabilities 133020000
Total non-current liabilities 692247000
Current liabilities
Current financial liabilities
Borrowings, current 519381000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 46780000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 193901000
Total Trade payable 240681000
Other current financial liabilities 68803000
Total current financial liabilities 828865000
Other current liabilities 10610000
Provisions, current 3277000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 842752000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1534999000
Total equity and liabilites 3136191000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 On Gratuity -2518000 946000
Total Amount of items that will not be reclassified to profit and loss -2518000 946000
2 Income tax relating to items that will not be reclassified to profit or loss -700000 263000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -1818000 683000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 63670000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 95959000
Adjustments for decrease (increase) in inventories 95878000
Adjustments for decrease (increase) in trade receivables, current 2704000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -71884000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 156512000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 316000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 270000
Adjustments for interest income 5226000
Adjustments for share-based payments 4667000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -7438000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -3784000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 267434000
Net cash flows from (used in) operations 331104000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2154000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 328950000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 8240000
Purchase of property, plant and equipment 92799000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 3662000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 270000
Interest received 5226000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -82725000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 43215000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 22208000
Repayments of borrowings 195694000
Payments of lease liabilities 0
Dividends paid 7803000
Interest paid 95992000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -234066000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 12159000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 12159000
Cash and cash equivalents cash flow statement at beginning of period 6181000
Cash and cash equivalents cash flow statement at end of period 18340000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M B A H AND CO Yes 30-Apr-2028


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Kiran Industries Pvt Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Sale of goods or services 30000000 No -173000 7243000 0
2 Kiran Texpro Pvt. Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Sale of goods or services 20000000 No 0 325000 364000
3 J J and Sons PIONEER EMBROIDERIES LIMITED Wife of Promoter as a Partner Sale of goods or services 5000000 No 1853000 1728000 1316000
4 Kiran Industries Pvt Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Purchase of goods or services 20000000 No 13842000 -6635000 -8889000
5 Kiran Texpro Pvt. Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Purchase of goods or services 5000000 No 1000 -88000 -1000
6 J J and Sons PIONEER EMBROIDERIES LIMITED Wife of Promoter as a Partner Purchase of goods or services 2500000 No 173000 0 0
7 Crystal Lace (India) Limited PIONEER EMBROIDERIES LIMITED Promoter as a Directorn Purchase of goods or services 10000000 No 89000 0 0
8 Kiran Industries Pvt Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Any other transaction Rent Paid 1920000 No 740000 -189000 -72000
9 Kiran Texpro Pvt. Limited PIONEER EMBROIDERIES LIMITED Promoters Brother as a Director Any other transaction Rent Received 432000 No 288000 0 81000
10 Crystal Lace (India) Limited PIONEER EMBROIDERIES LIMITED Promoter as a Directorn Advance No 323000 13245000 13421000
11 Hakoba Lifestyle Limited PIONEER EMBROIDERIES LIMITED Promoter as a Directorn Advance No -1000000 19602000 18612000
12 Pioneer Realty Limited PIONEER EMBROIDERIES LIMITED Promoter as a Directorn Advance No 30000 362000 392000
13 Mr. Aarav Sekhanin PIONEER EMBROIDERIES LIMITED Son of Promotern Remuneration No 1272000 -1162000 -170000
14 Mr. Vishal Sekhanin PIONEER EMBROIDERIES LIMITED Son of Promotern Remuneration No 1272000 -428000 -905000
15 Mr. Ratanlal Sekhanin PIONEER EMBROIDERIES LIMITED Brother of Promotern Remuneration No 1326000 -134000 -138000
16 Mrs. Prachi Sekhanin PIONEER EMBROIDERIES LIMITED Sons wife of Promotern Remuneration No 159000 -63000 -144000
17 Mrs. Priyani Sekhanin PIONEER EMBROIDERIES LIMITED Sons wife of Promotern Remuneration No 286000 -134000 -63000
18 Bimladevi Rajkumar Sekhani PIONEER EMBROIDERIES LIMITED Wife of Pramoter Any other transaction Rent Paid 1250000 No 750000 -135000 0
19 Shree Ganesh Integrated Textile Park Pvt Limited PIONEER EMBROIDERIES LIMITED Associate Concerns Inter-corporate deposit No 3662000 37132000 38963000
20 Suman Saurabh Maheshwari PIONEER EMBROIDERIES LIMITED Wife of Director Any other transaction Rent Paid 1250000 No 750000 -113000 0
Total value of transaction during the reporting period 25643000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0