PIONEEREMB2023-07-012023-09-30 PIONEEREMB2023-07-012023-09-30 PIONEEREMB2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member PIONEEREMB2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member PIONEEREMB2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 514300 PIONEEREMB NA Pioneer Embroideries Limited Equity 2023-04-01 2024-03-31 2023-11-10 2023-10-31 INR Lakhs Half yearly 11:30:00 13:10:00 2023-11-10 2023-11-10 true Cash Flow Indirect Not applicable Single segment Textile 2023-07-01 2023-09-30 Unaudited Consolidated 825101000.00 7664000.00 832765000.00 518373000.00 5700000.00 -36724000.00 98269000.00 21626000.00 30989000.00 193874000.00 832107000.00 658000.00 0.00 658000.00 217000.00 330000.00 547000.00 0.00 111000.00 0.00 0.00 0.00 10000.00 121000.00 623000.00 744000.00 1370000.00 -1249000.00 0.00 0.00 269754000.00 10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Notes: 1. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 10th November, 2023 and Statutory Auditors of the Company have carried out the Limited Review of the same. These financial results are in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules made thereunder. 2. 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’. 3. The Board of Directors of the Company, in its meeting held on 21st October, 2022, had considered and approved the Draft Scheme of Arrangement between Pioneer Embroideries Limited ('Demerged Company' or 'PEL') and Pioneer Realty Limited ('Resulting Company' or 'PRL') which is 100% subsidiary of PEL, under applicable provisions of Companies Act, 2013, Rules and Regulations thereunder. The Company is in the process of ensuring certain compliances required by the regulator as being a prerequisite for obtaining further approvals. 4. Company has commenced the commercial production of Embroidery and Laces at its new plant at Shree Ganesh Integrated Textile Park, Degoan, Dhule in Maharashtra, after receiving all the required regulatory approvals by end-August, 2023. PEL has installed 8 computerised, high-end machines, imported from Lasser AG, Switzerland, at this plant, which should contribute fully from the third quarter of the ongoing year. 5. In the first week of July, 2023, PEL’s capacity expansion project in its Specialized Polyester Filament Yarn plant at Himachal Pradesh also went on stream. With this, the yarn capacity increased from 18,000 mtpa to 26,000 mtpa, and the Company is now in the process of installing value-added equipment, expected to be completed in the third quarter of the ongoing year. 6. During the quarter, the Company has issued 38,40,000 share warrants of `10 each at a premium of `33 per share on preferential basis to Promoter and Non Promoter on payment of an amount equal on 28th September, 2023 pursuant to shareholders’ approval dated 12th September, 2023. 7. During the quarter, no employee has exercised their ESOP options. 8. The figures for the previous periods have been regrouped/ rearranged wherever considered necessary to confirm current period classifications. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 1562225000.00 11104000.00 1573329000.00 971138000.00 8863000.00 -38374000.00 182456000.00 31371000.00 52660000.00 351165000.00 1559279000.00 14050000.00 0.00 14050000.00 1470000.00 2242000.00 3712000.00 0.00 10338000.00 0.00 0.00 0.00 4000.00 10342000.00 1247000.00 11589000.00 11742000.00 -1400000.00 0.00 0.00 269754000.00 10 0.39 0.39 0.00 0.00 0.39 0.39 0.00 0.00 0.00 Other Expenses 193874000.00 Other Expenses 351165000.00 4648000.00 1613801000.00 222007000.00 0.00 0.00 42150000.00 0.00 0.00 105469000.00 0.00 0.00 34922000.00 140391000.00 0.00 7763000.00 2026112000.00 540078000.00 13304000.00 365274000.00 19278000.00 3720000.00 32360000.00 4441000.00 438377000.00 16147000.00 285142000.00 1279744000.00 80386000.00 0.00 3386242000.00 269754000.00 1077463000.00 1347217000.00 1351865000.00 566473000.00 0.00 34275000.00 600748000.00 52817000.00 53275000.00 0.00 156406000.00 863246000.00 539306000.00 321503000.00 182943000.00 1043752000.00 125733000.00 1646000.00 0.00 0.00 1171131000.00 0.00 0.00 2034377000.00 3386242000.00 31371000.00 -4968000.00 -203489000.00 0.00 0.00 0.00 0.00 0.00 0.00 77625000.00 0.00 0.00 0.00 52660000.00 0.00 525000.00 0.00 0.00 0.00 0.00 0.00 2735000.00 0.00 0.00 0.00 -428000.00 0.00 0.00 0.00 -49439000.00 -35389000.00 0.00 0.00 0.00 1918000.00 0.00 -37307000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5165000.00 191660000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7152000.00 0.00 0.00 0.00 2735000.00 0.00 0.00 0.00 -190912000.00 0.00 0.00 0.00 46624000.00 0.00 0.00 0.00 0.00 40695000.00 -126956000.00 0.00 3294000.00 0.00 31642000.00 0.00 0.00 179339000.00 -48880000.00 0.00 -48880000.00 68158000.00 19278000.00 864000.00 1728000.00 241000.00 481000.00 0.00 0.00