Winsome Yarns Limited has scheduled a meeting of its Monitoring Committee on July 16, 2026, to consider the record date for the reduction and cancellation of 95% of existing equity shares held by erstwhile promoters and public shareholders. This significant capital restructuring follows the approval of a resolution plan by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench-VI, vide its order dated April 16, 2026. The resolution plan was submitted by Mohini Health & Hygiene Limited, identified as the Successful Resolution Applicant, under the Insolvency and Bankruptcy Code, 2016.

The meeting agenda includes the fixation of the record date specifically for the reduction, cancellation, and extinguishment of the existing equity paid-up share capital. Additionally, the committee will discuss and approve the issuance of equity shares to prospective allottees. This issuance is intended to be in compliance with the NCLT Order read with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The intimation of the board meeting was made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Previous disclosures regarding the NCLT approval were made by the company on April 17, 2026, April 20, 2026, and April 24, 2026.

In conjunction with the meeting, the company has announced that the "Trading Window" for dealing in its securities will remain closed for all "Designated Persons and their immediate relatives." This closure is effective under the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders and will continue until 48 hours after the announcement of the outcome of the board meeting.

Key Agenda Items

Winsome Yarns Limited announced that Manish Bagrodia has vacated the office of Non-Executive Non-Independent Director effective July 10, 2026. The decision follows the constitution of a new Board of Directors on June 23, 2026, pursuant to the resolution plan approved by the National Company Law Tribunal (NCLT). The change was noted and approved by the Monitoring Committee in its meeting held on July 10, 2026.

The resignation is part of the corporate restructuring following the approval of the resolution plan by the Hon'ble NCLT, Chandigarh Bench. The resolution plan was submitted by Mohini Health & Hygiene Limited, the Successful Resolution Applicant, under the Insolvency and Bankruptcy Code, 2016. The NCLT had previously admitted the company into the Corporate Insolvency Resolution Process (CIRP) on December 22, 2023, following an application by Financial Creditor Edelweiss Asset Reconstruction Company Limited.

Regulatory Context

The disclosure was made in compliance with Regulation 30 read with Part A, Para A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also references SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The powers of the Board of Directors had been suspended since the initiation of CIRP, vesting with the Interim Resolution Professional and subsequently the Resolution Professional.

Details of Change

The following table summarizes the key details regarding the change in directorship:

The filing was submitted by Anil Kohli, Designated Partner & Authorized Signatory of ARCK Resolution Professionals LLP, acting as the Monitoring Professional for Winsome Yarns Limited.