Pioneer Embroideries Limited (PEL) has officially announced that its shares have been delisted from The Calcutta Stock Exchange Ltd. (CSE), effective March 14, 2025, as per the SEBI (Delisting of Equity Shares) Regulations, 2021. The company has notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE) regarding this development, complying with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Official Notification and Regulatory Compliance

In a formal communication dated March 18, 2025, Pioneer Embroideries Limited, through its Company Secretary and Compliance Officer, Ms. Ami Thakkar, informed the BSE and NSE about the delisting.

The delisting was communicated through the company’s Ref: BSE/NSE/75/2024-2025, wherein the company confirmed the delisting approval under the SEBI (Delisting of Equity Shares) Regulations, 2021. The delisting notice from The Calcutta Stock Exchange Ltd., dated March 13, 2025, was received by Pioneer Embroideries Ltd on March 18, 2025.

The company's shares are listed with the following details:

• BSE Company Code: 514300
• NSE Company Code: PIONEEREMB
• ISIN: INE156C01018

Delisting Details from CSE

According to the official CSE notice (Ref No. CSE/LD/DL/1016/2025), issued by Chandrani Datta, Company Secretary of CSE, members were informed that Pioneer Embroideries Ltd has been delisted from CSE’s official list with effect from March 14, 2025. The company’s shares, earlier listed with Script Code 26033 and 10026033, are no longer available for trading on the Calcutta Stock Exchange.

The notice also confirmed that the delisting process was carried out in compliance with the guidelines set forth by SEBI (Delisting of Equity Shares) Regulations, 2021, ensuring that all regulatory procedures were followed.

Background of Pioneer Embroideries Ltd

Pioneer Embroideries Limited, incorporated in 1991, is a prominent player in the textile and embroidery sector, specializing in the manufacturing of embroideries, laces, and other textile products under the Hakoba brand. With its registered office located at Abhishek Premises, Andheri (West), Mumbai, and its corporate office situated at Orient House, Goregaon (West), Mumbai, the company operates a robust business catering to both domestic and international markets.

The company has been listed on major exchanges such as BSE and NSE and had its shares listed on CSE until the recent delisting.

Reason for Delisting and Regulatory Framework

The delisting of Pioneer Embroideries Ltd from The Calcutta Stock Exchange Ltd. was carried out under the provisions of the SEBI (Delisting of Equity Shares) Regulations, 2021, which govern the voluntary and compulsory delisting processes for publicly traded companies.

Key reasons for delisting could include:

• Low trading volumes on CSE, making continued listing less viable.
• Compliance optimization by reducing the number of exchanges where the company is listed.
• Cost-effectiveness by consolidating trading to major exchanges like BSE and NSE.

The delisting from CSE does not affect the company’s continued listing and trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where Pioneer Embroideries Ltd will continue to be traded under its respective codes.

Implication for Shareholders

Shareholders and investors of Pioneer Embroideries Ltd need not worry about the delisting from CSE, as the company’s shares remain actively traded on BSE and NSE. However, shareholders who previously relied on CSE for trading activities will now need to shift their trading to BSE or NSE to continue managing their investments in the company.

Important points for shareholders:

• No impact on trading availability as shares are still listed on BSE and NSE.
• Seamless transition for shareholders from CSE to BSE/NSE.
• Updated compliance to ensure adherence to SEBI regulations.

Confirmation of Compliance by Pioneer Embroideries Ltd

In its communication to BSE and NSE, Pioneer Embroideries Ltd emphasized that all necessary regulatory approvals were obtained before the delisting from CSE, and the company has complied fully with the provisions of the SEBI (Delisting of Equity Shares) Regulations, 2021.

“The Company would like to inform that the Company’s shares have been delisted from The Calcutta Stock Exchange Ltd. with effect from 14th March, 2025, under SEBI (Delisting of Equity Shares) Regulations, 2021,” stated the official disclosure.

CSE’s Notice and Approval

The Calcutta Stock Exchange Ltd. confirmed the delisting through its official notice dated March 13, 2025, stating that Pioneer Embroideries Ltd has been delisted from the official list of the exchange after securing the necessary approvals. The delisting becomes effective from March 14, 2025.

The notice, signed by Chandrani Datta, Company Secretary of CSE, reaffirmed that the delisting process was carried out in accordance with SEBI’s regulations and that the company met all required standards before proceeding with the delisting.

Next Steps for Pioneer Embroideries Ltd

With the delisting from CSE complete, Pioneer Embroideries Ltd will continue to focus its trading and listing operations through BSE and NSE. The company will ensure continued compliance with all listing obligations and disclosure requirements applicable to companies listed on these major stock exchanges.

Conclusion: Shareholders Can Trade on BSE and NSE

The delisting of Pioneer Embroideries Ltd from CSE is a step taken by the company to optimize its trading and compliance strategy. While the shares are no longer available for trading on CSE, they remain listed and actively traded on BSE and NSE, ensuring that shareholders can continue managing their investments without any disruption.

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