Winsome Yarns Limited failed to submit its unaudited financial results for the quarter and half year ended September 30, 2025, within regulatory timelines due to its ongoing Corporate Insolvency Resolution Process since December 2023. The company is not fully operational, lacks sufficient funds, and has lost most employees since entering CIRP, with powers transferred from the Board of Directors to the Resolution Professional under insolvency regulations.
Winsome Yarns Limited has announced its 24th Committee of Creditors meeting scheduled for November 4, 2025, at 12:30 PM. The meeting will be conducted by the Resolution Professional through video conferencing at ARCK Resolution Professionals LLP's office in New Delhi. The company is currently under Corporate Insolvency Resolution Process (CIRP). The meeting notification was sent to BSE Limited and National Stock Exchange of India as part of regulatory compliance requirements.
Winsome Yarns Limited, operating under Corporate Insolvency Resolution Process since December 2023, reported a net loss of Rs 1,730 lakhs for the year ended March 31, 2025, compared to Rs 1,094 lakhs in the previous year. The company's audited financial results received a qualified opinion from auditors citing material uncertainty about its ability to continue as a going concern due to accumulated losses, negative net worth, and continuous losses. The auditors highlighted non-provisioning of interest expenses of Rs 26,434 lakhs on borrowings and aggregate unprovided interest of Rs 1,53,285 lakhs till March 2025. The Committee of Creditors has approved a resolution plan by Mohini Health Hygiene Limited, with performance security of Rs 20.20 crores deposited. The company's total assets stood at Rs 20,573 lakhs with negative equity of Rs 43,721 lakhs as of March 31, 2025.