Winsome Yarns Limited will keep its register of members and share transfer books closed from September 22, 2026 to September 28, 2026. The closure facilitates the determination of shareholders eligible for the company’s 36th Annual General Meeting (AGM).

The intimation was issued on September 4, 2026, pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates

Shareholders registered in the company’s records as of the end of the closure period will be eligible to attend and vote at the AGM. The notice was signed by Riya Pawar, Company Secretary & Compliance Officer.

Winsome Yarns Limited reported a net loss of ₹1,255.0 crore for the fiscal year ended March 31, 2026 (FY26), a significant improvement from the ₹1,730.0 crore loss recorded in FY25. The textile manufacturer’s board approved these audited results alongside unaudited figures for the first three quarters of FY27 during a meeting held on August 29, 2026.

The financial performance reflects the company's ongoing Corporate Insolvency Resolution Process (CIRP). While operational revenue remained minimal at ₹22.0 lakh for FY26 compared to ₹419.0 lakh in FY25, the reduction in net loss is largely attributable to adjustments in other income and expense recognition under the insolvency framework.

Financial Performance Overview

The company’s total revenue for FY26 stood at ₹170.0 lakh, down from ₹506.0 lakh in the previous year. This decline was driven by a sharp drop in income from operations, which fell to ₹22.0 lakh from ₹419.0 lakh. Conversely, other income increased to ₹148.0 lakh from ₹87.0 lakh, contributing to the overall revenue mix.

Total expenses decreased to ₹1,425.0 crore in FY26 from ₹2,236.0 crore in FY25. Depreciation and amortisation expenses remained relatively stable at ₹980.0 crore, while employee benefit expenses dropped significantly to ₹77.0 crore from ₹534.0 crore. Other expenses also contracted to ₹356.0 crore from ₹533.0 crore.

Resolution Plan and Governance Changes

A pivotal development for Winsome Yarns is the approval of its resolution plan by the National Company Law Tribunal (NCLT), Chandigarh Bench, on April 16, 2026. The plan, submitted by Mohini Health & Hygiene Limited (MHHL), has a total value of ₹162.90 crore. It provides for the resolution of claims and liabilities, along with fund infusion for revival.

Following the NCLT order, crystallised and unclaimed liabilities as of that date stand extinguished. The moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) ceased to have effect from the date of the order. Implementation of the plan is now underway under the supervision of a Monitoring Committee.

The board also approved several governance changes:

• Vipan Kumar was redesignated from Additional Executive Director to Managing Director.
• An increase in the overall borrowing limit to ₹500 crore was approved, subject to member approval.
• Related party transaction limits were set for the upcoming fiscal year, including up to ₹300 crore with Dhananya Capital Private Limited and ₹200 crore with MHHL.

What the Numbers Show

The financial statements reveal a stark divergence between operational activity and accounting adjustments. While income from operations collapsed to near-zero levels (₹22.0 lakh), other income nearly doubled to ₹148.0 lakh. This suggests that the company’s current financial position is heavily influenced by non-operational items rather than core business activities. Furthermore, the auditor’s qualified opinion highlights that interest expenses of ₹30,790.32 lakh were not provisioned for FY26, indicating that the reported loss may significantly change once the resolution plan’s accounting impacts are fully realized.

Auditor’s Qualified Opinion

Dhana & Associates issued a qualified opinion on the standalone annual financial results. Key qualifications include:

• Material uncertainty regarding the company’s ability to continue as a going concern due to accumulated losses exceeding net worth.
• Non-provisioning of interest expenses amounting to ₹30,790.32 lakh on borrowings for FY26.
• Pending confirmation and reconciliation of various balances, including trade receivables and bank balances.
• Investments carrying value not marked to realizable value, which would increase the loss by ₹2,568.41 lakh if accounted for.

The auditors noted that the NCLT order approving the resolution plan constitutes an adjusting event under Ind AS 10, but management failed to account for the extinguishment of certain liabilities in the FY26 financial statements.