One Time Settlement with State Bank of India
Pioneer Embroideries Ltd has informed BSE that the Company has settled its total dues including Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS), from State Bank of India under a One Time Settlement (OTS) and paid the settlement amount in full on September 15, 2015.The Company has made necessary adjustments in its books including cancellation of the OCCRPS surrendered by the Bank.18-09-2015