Please find attached Annual Report for the year 2025-2026

Date : 29th July, 2026 Ref. : BSE/NSE/18/2026-2027. To, To, Dept. of Corporate Services, The Listing Department, Bombay Stock Exchange Ltd, National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001. Bandra (East), Mumbai- 400051. Company Code: 514300 Company Code: PIONEEREMB Company ISIN: INE156C01018 Company ISIN: INE156C01018 Dear Sir, Sub. : SUBMISSION OF NOTICE AND ANNUAL REPORT OF 34TH ANNUAL GENERAL MEETING OF THE COMPANY FOR THE FINANCIAL YEAR 2025-2026. Pursuant to Regulation 34(1) and Regulation 30(2) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the Financial Year 2025-2026 along with the Notice of 34th Annual General Meeting. The Annual Report for the Financial Year 2025-2026 is also available on the website of the Company i.e. www.pelhakoba.com. The Company has provided its members the facility to cast their vote(s) on all resolutions set out in the Notice by electronic means ('e-voting'). The detailed process to join meeting through VC /OAVM and e-voting, is set out in Notice. Kindly take the above information on record. Thanking you, Yours faithfully, For PIONEER EMBROIDERIES LIMITED AMI THAKKAR) Company Secretary & Compliance Officer Membership No.: FCS 9196 Encl: As Above PIONEER EMBROIDERIES LIMITED Regd. & Corp. Office: Unit No. 101B. 1st Floor, Abhishek Premises, Plot No. C5-6, Dalia Industrial Estate, Off New Link Road, Andheri (West), Mumbai -400058. Website: www.pelhakoba.com, E-mail:mumbai@pelhakoba.com Corporate Office: Unit No 21 to 25, 2nd Floor, Orient House, 3A Udyog Nagar, Off S.V. Road, Goregaon (West), Mumbai – 400 062. Maharashtra (India), Tel: +91-22-4223 2323 Fax: +91-22- 4223 2313. CIN: L17291MH1991PLC063752 34th (cid:31)(cid:30)(cid:29)(cid:28)(cid:27)(cid:27)(cid:26)(cid:25) Annual Report (cid:27)(cid:24)(cid:23)(cid:26)(cid:29)(cid:30)(cid:22)(cid:27)(cid:26)(cid:30)(cid:27)(cid:21)(cid:25) 2025-26 (cid:20)(cid:30)(cid:24)(cid:30)(cid:19)(cid:27)(cid:22) (cid:31)(cid:30)(cid:29)(cid:28)(cid:27)(cid:27)(cid:26)(cid:25)(cid:24)(cid:26)(cid:29)(cid:23)(cid:31) Resilient Threads, Enduring Purpose Index Threading Through Company Overview 2 Financial & Key Performance Highlights 14 Corporate Headwinds Overview Letter From Chairman 16 Letter From Managing Director 17 FY26 was a year that tested Pioneer Embroideries Corporate Information 19 Limited’s (“PEL”) resilience in ways few could have anticipated. Within days of the year’s beginning, the United States government announced sweeping “Liberation Day” tariffs in April 2025, sending ripples through global textile supply chains and causing a near- complete freeze in direct and indirect export enquiries Management Discussion & Analysis 20 for PEL’s business. Simultaneously, the ongoing Russia- Statutory Ukraine conflict suppressed European demand and Notice 28 elevated freight costs. These were not challenges of the Reports Director’s Report 40 Company’s making — yet they demanded a clear-eyed, disciplined response. Corporate Governance Report 63 In textiles, a thread under tension does not break — it strengthens. “Threading Through Headwinds” captures this spirit precisely. PEL’s management used the year of external turbulence to complete its internal restructuring: consolidating the Embroidery & Laces footprint at Degaon; completing its green energy infrastructure in May 2026; reducing long-term debt by 29%; and Auditor’s Report on Standalone deepening the value-added product portfolio. These are Accounts deliberate steps toward a more competitive, efficient, and Financial financially resilient organisation. Standalone Balance Sheet 92 Statements Standalone Statement of Profit & Loss 94 Standalone Cash Flow Statement 95 Notes to Standalone Financial 98 “A thread under tension does not break Statements — it strengthens. Threading through Auditors Report on Consolidated Accounts headwinds, we have emerged a leaner, Consolidated Balance Sheet 155 more purposeful Pioneer.” Consolidated Statement of Profit & Loss Saurabh Maheshwari, Consolidated Cash Flow Statement 159 Managing Director Notes to Consolidated Financial This Annual Report can be downloaded 162 Statements from our website at https://www.pelhakoba.com/wp-content/ uploads/2026/07/Annual-Report-FY-2025-2026.pdf Pioneer Embroideries Limited 1 At a Glance Company Overview FY26 Highlights Manufacturing Products & Brands Reach & Team Established in 1991 by Mr. Raj Kumar Sekhani, Pioneer India and South-East Asia, producing the full spectrum of yarns, Embroideries Limited is one of India’s leading manufacturers ranging from standard DTY/FDY to dope-dyed, air-texturised, and exporters of value-added Specialised Polyester Filament biodegradable, recycled, camouflage, thermal and carpet yarns, 26,000 MTPA 300,000+ 25+ Countries Yarn (SPFY) and Embroidery & Laces (EL). From a single at a single integrated manufacturing facility. PEL became SPFY Capacity at Kala-Amb, HP Embroidery Direct & Indirect Export Footprint embroidery plant, PEL has grown over 34 years into a diversified one of the first textile companies to create a brand in a highly & Laces Designs in Library textile enterprise with two complementary business verticals, commoditised yarn business. On the EL side, manufacturing a world-class manufacturing footprint, and two nationally is now fully consolidated at Degaon, Dhule (Maharashtra) and 14+ Mn Metres 1,000+ Members 1,200+ Shades recognised brands — SILKOLITE (yarn) and HAKOBA (embroidery Sarigam, Gujarat, with over 300,000 embroidery designs in its Braided Lace Capacity Team Across Locations retail). library and the heritage Hakoba brand serving customers across Colour Shades in SILKOLITE Library India and 25+ export markets. 800 Mn Stitches 34+ Years PEL’s SPFY manufacturing facility at Kala-Amb, Himachal 2 Key Brands Embroidery Of Manufacturing Excellence Pradesh, is one of the most unique and specialised yarn plants in SILKOLITE (Yarn) • HAKOBA (Retail) FY26 Financial Performance Highlights FY26 Operational Highlights ❄ Revenue from Operations: ₹335.95 Crore ❄ SPFY (Specialized Polyester Filament Yarn): Domestic revenues resilient at ₹280.57 Crore; exports declined (standalone) | FY25: ₹375.06 Crore — decline 61.8% to ₹11.44 Crore due to US tariff headwinds — attributable to Trump tariff-driven export slowdown Our Mission Our Vision and EL consolidation transition export enquiries showing signs of revival as US-India trade negotiations progress ❄ EBITDA: ₹20.48 Crore at 6.1% margin — impacted by export slowdown and EL consolidation transition ❄ Value-Added Products: 67.5% of SPFY revenues Pioneer is dedicated to delivering To make Pioneer the preferred partner for from air texturised, carpet, dope-dyed, thermal, products and services with integrity and specialty polyester yarns and embroidery ❄ Cash Profit: ₹15.47 Crore reflecting healthy camouflage, biodegradable — driving premium accountability, using both proven and solutions globally — a place of choice to underlying cash generation realisations innovative methods — creating sustainable work, grow, and create lasting impact value for customers, communities, in the textile industry. ❄ Maharashtra State Textile Policy Subsidy: Capital ❄ EL Consolidation Complete: Naroli unit sold; subsidy of ₹17.79 crore was sanctioned under the embroidery now mostly concentrated at Degaon, and shareholders. Maharashtra State Textile Policy in FY26, with receipt Dhule replacing 32 legacy machines across multiple of the subsidy expected in due course locations ❄ Long-Term Debt reduced by 29%: from ₹35.88 Crore ❄ Lace Segment: Bobbin lace revenues grew 9.9% YoY (FY25) to ₹25.48 Crore (FY26) | Total Debt: ₹82.77 Crore to ₹8.46 Crore vs ₹87.25 Crore in FY25 ❄ New Products Introduced: Thermal yarns for cold- ₹335.95 Cr ₹20.48 Cr 6.1% 6.4% ❄ Net Worth: ₹161.44 Crore | [Showing first 8,000 characters — download PDF for full document]