Winsome Yarns Limited has notified stock exchanges regarding the delay in submission of its unaudited financial results for the quarter ended 31.12.2025, citing operational constraints arising from its ongoing Corporate Insolvency Resolution Process (CIRP). The company communicated this development to both BSE Limited and National Stock Exchange of India Limited on 10.03.2026.

Corporate Insolvency Resolution Process Background

The company entered CIRP following an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, dated 22nd December 2023. The insolvency proceedings were initiated by Financial Creditor Edelweiss Asset Reconstruction Company Limited under section 7 of the Insolvency and Bankruptcy Code, 2016.

Subsequently, NCLT appointed ARCK Resolution Professionals LLP as the Resolution Professional on March 14, 2024, replacing the initial Interim Resolution Professional Mr. Sanjay Gupta.

Resolution Plan Status

The Committee of Creditors (COC) has approved a resolution plan submitted by Mohini Health & Hygiene Limited through e-voting with requisite majority, in accordance with the Insolvency & Bankruptcy Code, 2016 provisions. The Resolution Professional has filed an application with NCLT, Chandigarh Bench for approval of the COC-approved resolution plan, which remains pending adjudication.

Operational Challenges Affecting Financial Reporting

The company disclosed specific operational constraints that have impacted its ability to prepare and submit quarterly financial results on time:

• Limited employee strength due to absence of work orders
• Insufficient funds availability for necessary salary payments
• Suspended powers of Board of Directors as per Section 17 & 23 of the Insolvency and Bankruptcy Code, 2016

Compliance Efforts and Timeline

Despite the challenges, the Resolution Professional emphasized ongoing efforts to finalize the financial results for both the quarter and half-year ended 31.12.2025. The company stated it is making best efforts to ensure compliance with the Companies Act, 2013 and applicable listing regulations, with submission planned at the earliest possible time.

Corporate Information

Winsome Yarns Limited, incorporated on 19th July 1990, has relocated its operations from its registered office in Chandigarh to B-58, Industrial Area, Phase-7, Mohali, Punjab-160055, following vacation of the previous premises on 30.12.2024. The company continues to operate under CIRP with ARCK Resolution Professionals LLP managing its affairs as the appointed Resolution Professional.

Winsome Yarns Limited has successfully concluded its 26th Committee of Creditors (COC) meeting, which was conducted on February 6, 2026. The meeting, originally scheduled as part of the company's Corporate Insolvency Resolution Process (CIRP), resulted in the approval of proposed resolutions by the requisite majority of CoC members.

Meeting Execution and Outcomes

The Committee of Creditors meeting was successfully convened and conducted through video conferencing mode at 05:00 PM on the designated date. The session was overseen by Anil Kohli, Designated Partner of ARCK Resolution Professionals LLP, who serves as the Resolution Professional for the company.

Resolution Approval Process

During the meeting, various resolutions were proposed and put to vote before the Committee of Creditors for their consideration and approval. Following discussions among the CoC members, the proposed resolutions were successfully approved with the requisite majority, marking a significant step forward in the company's insolvency resolution proceedings.

Corporate Insolvency Resolution Process Status

Winsome Yarns Limited continues to operate under the Corporate Insolvency Resolution Process, with Anil Kohli serving as the Resolution Professional. The successful conclusion of the 26th CoC meeting demonstrates ongoing progress in the resolution proceedings.

Regulatory Compliance and Communication

The outcome notification was formally communicated to stock exchanges on March 5, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains its commitment to transparency and regulatory compliance throughout the insolvency resolution process.

The company continues to operate from its current location at B-58, Industrial Area, Phase-7, Mohali, Punjab, after vacating its registered office in Chandigarh on December 30, 2024. This successful CoC meeting represents continued progress in the company's resolution proceedings under the established legal framework.