Winsome Yarns Limited has achieved a significant milestone in its Corporate Insolvency Resolution Process (CIRP) with the National Company Law Tribunal (NCLT), Chandigarh Bench approving the resolution plan submitted by Mohini Health and Hygiene Limited. The order dated April 16, 2026, marks the culmination of the insolvency proceedings that began with the admission of CIRP on December 22, 2023.

Resolution Plan Details

The approved resolution plan carries a total value of Rs 162.90 crore against admitted claims of Rs 1,926.88 crore. Mohini Health and Hygiene Limited, the Successful Resolution Applicant (SRA), emerged as the preferred bidder after the Committee of Creditors (CoC) approved its plan with 100% voting share in the 18th CoC meeting. The SRA has a net worth of INR 89.69 crores as per audited balance sheet dated March 31, 2023.

Committee of Creditors Meeting Outcome

The 28th Committee of Creditors meeting was successfully conducted on March 25, 2026, at 05:00 PM through Video Conferencing by Mr. Anil Kohli, Designated Partner of ARCK Resolution Professionals LLP. The meeting saw resolutions proposed and approved by CoC members with requisite majority. This meeting preceded the final NCLT approval and was part of the ongoing CIRP proceedings under Regulation 30 of SEBI listing requirements.

Implementation Timeline and Mechanism

The resolution plan stipulates a comprehensive implementation mechanism spanning 365 days from the NCLT approval date. A Monitoring Committee comprising representatives of the CoC, the Resolution Applicant, and a qualified Insolvency Professional will supervise the implementation during the initial 90-day phase. The SRA has already deposited performance security amounting to Rs 14.70 crore on December 18, 2024, and has secured a loan sanction of Rs 154 crore from Union Bank of India dated September 16, 2025.

Capital Restructuring and Management Control

The plan provides for significant restructuring of the corporate debtor's capital structure. The equity share capital will be reduced to 5% for public shareholders, with the Resolution Applicant acquiring 95% shareholding in the restructured entity. The existing Board of Directors shall remain suspended until the Transfer Date (90th day from NCLT approval), after which the SRA will reconstitute the Board with new directors within 30 days.

CIRP Background and Committee of Creditors

The CIRP was initiated by Edelweiss Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CoC, constituted on January 23, 2024, included major financial creditors such as Edelweiss Asset Reconstruction Company Limited (83.27% voting share), ICICI Bank Limited (4.03%), Bank of Maharashtra (3.64%), Indian Overseas Bank (3.45%), Punjab National Bank (2.99%), and Bank of India (2.62%).

Operational Status and Contact Information

Winsome Yarns Limited's registered office, previously located at Basement, SCO 13-14-15, Sector 34-A, Chandigarh, was vacated on December 30, 2024. Current operations are being conducted from B-58, Industrial Area, Phase-7, Mohali, Punjab-160055. The company maintains its listing on BSE Limited (script code 514348) and National Stock Exchange of India Limited (symbol WINSOME).

Winsome Yarns Limited has submitted its quarterly compliance certificate under SEBI regulations for the fourth quarter of fiscal year 2026. The textile company filed the mandatory certificate with stock exchanges on 10.04.2026, demonstrating adherence to regulatory requirements despite operating under insolvency proceedings.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 to both major Indian stock exchanges for the quarter ended 31.03.2026.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar provided comprehensive confirmation regarding dematerialization processes during the quarter.

Key confirmations from the registrar include:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All security certificates were listed on stock exchanges where earlier securities are already listed
• Security certificates received for dematerialization were confirmed or rejected within prescribed timelines
• Received certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners

Corporate Structure Updates

Winsome Yarns Limited continues to operate under Corporate Insolvency Resolution Process (CIRP). The company has relocated its operations from its registered office in Chandigarh to a new facility in Mohali, Punjab.

Authorized Signatories

The compliance certificate was signed by Anil Kohli, Designated Partner & Authorized Signatory of ARCK Resolution Professionals LLP, acting as Resolution Professional for Winsome Yarns Limited. The registrar confirmation was provided by Swapan Kumar Naskar, Associate Vice President & Head of MUFG Intime India's Delhi Branch.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share transfer and dematerialization processes. The submission confirms that despite operating under insolvency proceedings, the company maintains its regulatory obligations to stock exchanges and shareholders.