PIONEER EMBROIDERIES LTD. - Board Meeting Outcome for OUTCOME OF THE BOARD MEETING HELD ON 12TH AUGUST, 2022

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., 12th August, 2022 at the Unit no 21 to 25, 2nd Floor, Orient House, 3A Udyog Nagar, Goregaon (West), Mumbai - 400062 inter-alia to transact the following business: 1. Intimation under SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 Board has inter-alia considered and approved the following: a. Unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended 30th June, 2022, and the same is enclosed as Annexure -I b. Limited Review on the Unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended 30th June, 2022, and the same is enclosed as Annexure - II. The meeting of the Board of Directors of the Company commenced at 12.15 Noon and concluded at 2.45 p.m.