Pioneer Embroideries has informed that the Board of Directors of the Company at its meeting held today i.e., 18th August, 2023 at the Unit no 21 to 25, 2nd Floor, Orient House, 3A Udyog Nagar, Goregaon (West), Mumbai -400062 has considered and approved issue of Share Warrants (convertible into equal no. of Equity shares) on preferential basis at an exercise price of Rs 43 per share warrant of the face value of Rs 10 each (including a premium of Rs 33 per Share warrant) or such higher issue price as may be determined as per the SEBI (ICDR) Regulations, 2018, to the persons belonging to Promoter and /Non-Promoter Category as enclosed.
The above information is a part of company’s filings submitted to BSE.