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| Exchange Received Time 29/11/2018 19:13:24 Exchange Disseminated Time 29/11/2018 19:13:31 Time Taken 00:00:07 | | We, would like to inform you that pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Mr. Raj Kumar Sekhani had entered Memorandum of understanding, today i.e. 29th November, 2018 with M/s. JEM Fiscal Limited for Loan of Rs. 50,00,000/- (Fifty Lacs only) against pledge of 3,40,000 shares of Pioneer Embroideries Limited for a period of 1 year. The said loan amount shall be used for working capital. On refund of Loan amount (i.e. holding charges and principal amount), JEM Fiscal Limited shall return the above 3,40,000 shares to Mr. Raj Kumar Sekhani. |
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