Winsome Yarns Board Approves Share Reduction & New Promoter Issue
Winsome Yarns Limited's Board of Directors met on July 16, 2026, to approve a significant share capital reduction and issuance of new equity shares as per an NCLT-approved resolution plan. The plan involves reducing erstwhile promoters' shareholding from 2,73,39,609 to 0 shares and existing public shareholding from 4,33,67,620 to 1,31,579 shares. A record date of July 31, 2026, was fixed for this reduction. Additionally, the company approved the issuance of 25,00,000 equity shares to Dhananya Capital Private Limited, making them the new prospective promoter with a 95% post-preferential shareholding. The board also approved the formation of various committees and adoption of amended MOA and AOA, subject to shareholder approval.
Key Highlights
- Board approved share reduction for erstwhile promoters and public shareholders.
- Record date set for July 31, 2026, for share cancellation.
- 25,00,000 equity shares to be issued to Dhananya Capital Private Limited.
- Dhananya Capital to hold 95% post-issuance.
- Board committees constituted and MOA/AOA amendments approved.
Price Impact
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