WINSOME YARNS LTD.

Winsome Yarns Limited has announced the appointment of six new directors to its Board of Directors. This follows the admission of a petition by Edelweiss Asset Reconstruction Company Limited under the Insolvency and Bankruptcy Code, 2016, leading to the appointment of an Interim Resolution Professional and subsequently a Resolution Professional. The powers of the Board were suspended during this period. The appointments were made by the duly constituted Monitoring Committee on June 23, 2026, in compliance with NCLT orders and listing regulations. The new directors include Mr. Vipan Kumar (Executive), Mr. Avnish Sarvapriya Bansal (Chairperson, Non-Executive), Mrs. Parul Bansal (Women Non-Executive), and three Non-executive Independent Directors: Mr. Mahesh Fogla, Mr. Sanjeev Nahar, and Mr. Bibhudutta Satpathy. Detailed disclosures for each appointee have been provided.

Winsome Yarns Limited has announced a delay in the submission of its audited financial results for the quarter and year ended March 31, 2026. The delay is attributed to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated in December 2023. The company's board powers are suspended, and the Resolution Professional (RP) is managing operations. The CIRP has led to a significant reduction in operational capacity and employee strength, impacting the ability to finalize financial statements. The RP is working to reconcile and verify data and will submit the results as soon as possible, citing factors beyond their control.

Winsome Yarns Ltd has announced the approval of its Resolution Plan by the Hon'ble Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016. This plan extinguishes all pre-CIRP liabilities and releases company assets from all encumbrances, security, and liens upon settlement with financial creditors. The company's pre-CIRP net worth as of FY 2022-23 was a negative ₹40,897.33 Lakh. Post-CIRP, the company will continue as a going concern. Existing shareholders will see their equity written down significantly, retaining only a 5% stake on a pro rata basis, with no fresh equity issued to them. The Resolution Applicant will infuse ₹2.5 Crores for unpaid CIRP costs, receiving fresh equity share capital.

The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the resolution plan for Winsome Yarns Limited. This approval, dated April 16, 2026, follows an earlier disclosure on April 17, 2026, and is in accordance with sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016. The resolution plan was submitted by Mohini Health & Hygiene Limited, which is now the Successful Resolution Applicant. The Corporate Debtor, Winsome Yarns, was admitted into Corporate Insolvency Resolution Process (CIRP) on December 22, 2023, following a petition by Edelweiss Asset Reconstruction Company Limited. This development marks a significant step towards the resolution of the company's financial distress.

The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the resolution plan for Winsome Yarns Limited. This approval, dated April 16, 2026, follows an earlier disclosure on April 17, 2026, and is in accordance with sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016. The resolution plan was submitted by Mohini Health & Hygiene Limited, with Anil Kohli serving as the Resolution Professional. The Corporate Debtor, Winsome Yarns, was engaged in manufacturing cotton yarn and hydropower. The insolvency process commenced following a petition by Edelweiss Asset Reconstruction Company Limited.

Winsome Yarns Ltd announced the successful conclusion of its 28th Committee of Creditors (CoC) meeting. The meeting was held on Wednesday, March 25, 2026, at 05:00 P.M. through Video Conferencing/Other Audio-Visual Means. Mr. Anil Kohli, Designated Partner of M/s ARCK Resolution Professionals LLP, convened the meeting. Following discussions, various resolutions were proposed, put to vote, and subsequently approved by the CoC members with the necessary majority. This update signifies progress in the company's ongoing resolution process.

Winsome Yarns Ltd announced that the Hon'ble NCLT, Chandigarh Bench, approved its Resolution Plan on April 16, 2026. This approval was granted in open court under sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016. The company will submit the specific features and details of the approved plan upon receiving the written order from NCLT, as per SEBI LODR Regulations.

Winsome Yarns Ltd has announced the closure of its trading window for the sale/purchase or any kind of dealing in the securities of the company. The closure will be in effect from Wednesday, 1st April, 2026 till 48 hours after the declaration of the unaudited Financial Results for the quarter ended 31st March, 2026. This decision is in compliance with the SEBI (Prohibition of Insider Trading) Regulation 2015, which prohibits all designated persons and their immediate relatives from dealing with the securities of the company during this period.

Winsome Yarns Ltd has announced the scheduling of the 26th Meeting of Committee of Creditors (COC) on Friday, 06.02.2026 at 05:00 P.M. The meeting will be conducted by the Resolution Professional through video conferencing at the Office of ARCK Resolution Professionals LLP in New Delhi-110001, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Clause 16 of Para A of Part A of Schedule III of SEBI – LODR Regulations.

Winsome Yarns Ltd has announced the scheduling of the 27th Meeting of Committee of Creditors (COC) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to be held on Friday, 06th March, 2026 at 12:00 P.M through video conferencing mode at the Office of ARCK Resolution Professionals LLP at 409, 4th Floor, Ansal Bhawan, KG Marg, New Delhi-110001. All stakeholders are requested to take note of this information and acknowledge the same.