Winsome Yarns Limited has successfully concluded its 27th Committee of Creditors (COC) meeting, which was held on March 6, 2026. The company, currently undergoing Corporate Insolvency Resolution Process (CIRP), reported that all proposed resolutions were approved by the COC members with requisite majority.

Meeting Outcome and Resolutions

The Committee of Creditors meeting was successfully conducted through video conferencing mode under the supervision of ARCK Resolution Professionals LLP. The meeting concluded with positive outcomes as all resolutions put to vote were approved by the creditors.

Corporate Insolvency Resolution Process

Winsome Yarns Limited remains under CIRP with ARCK Resolution Professionals LLP serving as the Resolution Professional. Anil Kohli, acting as Designated Partner and Authorized Signatory, convened the meeting and subsequently filed the outcome report on March 25, 2026. The Resolution Professional holds IBBI Registration Number IBBI/IPE-0030/IPA-1/2022-23/50013, with AFA validity extending until December 31, 2026.

Operational Updates

The company continues to operate from its current location after relocating its working operations. Following the vacation of its registered office at Basement, SCO 13-14-15, Sector 34-A, Chandigarh on December 30, 2024, Winsome Yarns is presently working from B-58, Industrial Area, Phase-7, Mohali, Punjab-160055.

Regulatory Compliance

The meeting outcome was communicated to stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Para A of Part A of Schedule III. This regulatory framework ensures transparent communication with stakeholders during insolvency proceedings, maintaining corporate governance standards throughout the resolution process.

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.