Winsome Yarns Limited (WINSOME)
Latest quarterly results (Q4 FY25)
In its latest reported quarter, Q4 FY25, Winsome Yarns' revenue was ₹0.8 Cr (+85.7% year on year, -31.6% on the previous quarter), and net profit ₹-3.7 Cr (a bigger loss than a year earlier); the operating margin was -211.5%.
| Q4 FY25 (₹ Cr) | Value | YoY vs Q4 FY24 | QoQ |
|---|---|---|---|
| Revenue | ₹0.8 | +85.7% | -31.6% |
| Operating profit | ₹-1.6 | loss narrowed | loss narrowed |
| Net profit | ₹-3.7 | loss widened | loss narrowed |
| EPS (₹) | -0.52 | loss widened | loss narrowed |
| Operating margin | -211.5% | — | — |
📢 Recent Corporate Announcements
Winsome Yarns Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 12, 2026. It confirms that share certificates received for dematerialisation were processed, verified, and cancelled within prescribed regulatory timelines. This is a standard quarterly administrative filing with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Pvt Ltd on October 12, 2026
- Confirms mutilation and cancellation of dematerialised share certificates within prescribed timelines
Winsome Yarns announced that its shareholders approved alterations to its Memorandum of Association (MOA) and adoption of new Articles of Association (AOA) at its 36th AGM on September 28, 2026. The amendment adds real estate, infrastructure development, EPC contracting, and property management to its main object clauses. The company is currently financially distressed with TTM revenue of Rs 31 Cr, net debt of Rs 557 Cr, and negative net worth of Rs -437 Cr under insolvency proceedings. While this enables diversification away from pure yarn manufacturing, concrete capital allocation or project details were not disclosed.
- Shareholders approved MOA alteration at 36th AGM held on September 28, 2026
- Added real estate, commercial complexes, logistics parks, and EPC contracting to Main Objects
- Adopted a new set of MOA and AOA aligned with Companies Act, 2013
- Comes amid financial distress with TTM revenue of Rs 31 Cr and net worth of Rs -437 Cr
Winsome Yarns Limited announced that shareholders approved the regularization and appointment of six directors at its 36th AGM held on September 28, 2026. This includes Vipan Kumar as Managing Director for a 3-year term effective August 29, 2026, and Avnish Bansal as Non-Executive Chairman for 5 years effective June 23, 2026. Mrs. Parul Bansal was appointed as Women Non-Executive Director alongside three Independent Directors: Mahesh Fogla, Sanjeev Khubchand Nahar, and Bibhudutta Satpathy. The reconstituted board brings extensive real estate and EPC background to a financially distressed yarn manufacturer with negative net worth (-₹437 Cr) and undergoing CIRP.
- Shareholders approved 6 board appointments at the 36th AGM on September 28, 2026
- Vipan Kumar regularized as Managing Director for a term of 3 years effective August 29, 2026
- Avnish Bansal appointed Non-Executive Chairman for a 5-year term ending June 22, 2031
- Mrs. Parul Bansal appointed Non-Executive Director for 5 years up to June 22, 2031
- Three Independent Directors appointed for 5-year terms ending June 22, 2031
Winsome Yarns submitted its quarterly financial results following the NCLT approval of a ₹162.90 crore resolution plan submitted by Mohini Health & Hygiene Limited. The company is currently operating under a Monitoring Committee as it executes the resolution plan during FY 2026-27, with financial adjustments to liabilities routed via Capital Reserves. Auditors issued a qualified conclusion citing negative net worth, default on bank obligations, and lack of third-party balance confirmations. Additionally, the company disclosed an asset theft loss of approximately ₹59.20 lakh at its Dera Bassi spinning mill.
- Resolution plan valued at ₹162.90 crore approved by NCLT on April 16, 2026, submitted by Mohini Health & Hygiene Limited
- Accounting adjustments for extinguishment/settlement of liabilities to be executed during FY 2026-27 and routed through Capital Reserves
- Theft of a transformer reported at the Dera Bassi spinning mill with an estimated loss of ₹59,20,000
- Statutory auditor issued a qualified conclusion due to negative net worth, accumulated losses, and lack of external balance confirmations
Winsome Yarns Limited has informed the exchanges that its Register of Members and Share Transfer Books will remain closed from September 22, 2026 to September 28, 2026 (both days inclusive). The closure is scheduled for the purpose of conducting the company's 36th Annual General Meeting (AGM). The cut-off/record date is set for September 21, 2026. This is a standard statutory filing with no direct operational or financial impact on the company.
- Book closure scheduled from September 22, 2026 to September 28, 2026 (both days inclusive)
- Record date / cut-off date set as September 21, 2026
- Closure initiated for conducting the 36th Annual General Meeting (AGM)
Winsome Yarns Limited has submitted its Annual Report for FY 2025-26 and issued notice for its 36th Annual General Meeting (AGM) scheduled on September 28, 2026. Key business items include adopting audited financial statements and regularizing the appointment of Mr. Vipan Kumar as Managing Director with a remuneration of up to ₹48 lakh per annum. The cut-off date for electronic voting is fixed for September 21, 2026, with share transfer books closed from September 22 to September 28, 2026. The company remains under insolvency resolution/monitoring mechanisms with deeply negative net worth (-₹437 Cr).
- 36th Annual General Meeting scheduled for Monday, September 28, 2026, at 01:00 PM via audio-visual means.
- Proposed regularization of Mr. Vipan Kumar as Managing Director with proposed annual remuneration up to ₹48 lakh.
- Cut-off date for shareholder e-voting entitlement is fixed as Monday, September 21, 2026.
- Book closure period set from September 22, 2026, to September 28, 2026 (both days inclusive).
Following the NCLT approval of Mohini Health & Hygiene Limited's resolution plan under CIRP, Winsome Yarns' board approved the redesignation of Mr. Vipan Kumar as Managing Director for a 5-year term. The board also approved raising borrowing and asset encumbrance limits to ₹500 crore each, subject to shareholder approval at the upcoming 36th AGM. In addition, omnibus approvals were granted for related party transactions totaling ₹525 crore for FY27, including ₹300 crore with Dhananya Capital and ₹200 crore with Mohini Health & Hygiene. Overdue financial results spanning Q1 FY26 through audited FY26 were also formally approved.
- Appointed Mr. Vipan Kumar as Managing Director for a 5-year tenure effective August 28, 2026.
- Approved increase in borrowing and asset charge limits up to ₹500 crore under Section 180 of Companies Act, 2013.
- Cleared omnibus related party transaction limits for FY27: Dhananya Capital (₹300 crore), Mohini Health & Hygiene (₹200 crore), and Zenith Infra (₹25 crore).
- Approved delayed financial results for June 2025, September 2025, December 2025 quarters and audited full year ended March 31, 2026.
Winsome Yarns held a comprehensive Board Meeting clearing pending standalone financial results for Q1, Q2, Q3, and the full year ended March 31, 2026, following the NCLT approval of Mohini Health & Hygiene Limited's resolution plan on April 16, 2026. The Board approved increasing the company's borrowing and asset-mortgage limits to Rs 500 crore each (subject to shareholder approval), compared to its TTM revenue base of Rs 31 crore. Additionally, omnibus related-party transaction limits for FY 2026-27 were approved up to Rs 300 crore for Dhananya Capital and Rs 200 crore for Mohini Health & Hygiene. Mr. Vipan Kumar was redesignated as Managing Director for a 5-year tenure.
- Approved delayed Standalone Financial Results for Q1, Q2, Q3, and FY ended March 31, 2026 post-CIRP resolution
- Approved raising overall borrowing and asset encumbrance limits under Section 180 to Rs 500 crore each
- Sanctioned omnibus related-party transactions for FY27: Rs 300 crore with Dhananya Capital and Rs 200 crore with Mohini Health & Hygiene
- Appointed Mr. Vipan Kumar as Managing Director for 5 years effective August 28, 2026
Winsome Yarns has scheduled a Board meeting for August 29, 2026, to consider and approve its overdue financial results for Q1, Q2, Q3 FY26 and audited results for FY26 ended March 31, 2026. The meeting follows the NCLT approval of a resolution plan submitted by Mohini Health & Hygiene Limited on April 16, 2026. The company noted that trading in its shares remains suspended by the stock exchanges.
- Board meeting scheduled for Saturday, August 29, 2026 at 4:00 PM.
- Agenda includes approval of Standalone results for Q1 (June 2025), Q2 (Sept 2025), Q3 (Dec 2025), and FY26 (March 31, 2026).
- Resolution plan submitted by Successful Resolution Applicant Mohini Health & Hygiene Limited was approved by NCLT on April 16, 2026.
- Trading in the company's shares is currently suspended by the exchanges.
Winsome Yarns Limited responded to stock exchange observations regarding delayed financial results for the quarter ended June 30, 2026. The company explained that its Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code was approved by the NCLT Chandigarh on April 16, 2026. Under the proviso to Regulation 33(3) of SEBI LODR Regulations, companies are granted an extended timeline of 90 days (versus standard 45 days) to file results for the quarter in which the plan was approved. Consequently, the company will submit its financial statements on or before September 28, 2026.
- Resolution Plan approved by NCLT Chandigarh vide order dated April 16, 2026 under IBC Section 31
- Extended filing deadline granted under Regulation 33(3) proviso: 90 days from quarter end instead of 45 days
- Financial results for quarter ended June 30, 2026 to be filed on or before September 28, 2026
- Reply issued following exchange communication dated August 12, 2026
Winsome Yarns Limited has submitted its quarterly compliance certificate for the period ended June 30, 2026, as required under SEBI (Depositories and Participants) Regulations. The document, provided by Registrar MUFG Intime India Pvt Ltd, confirms that share certificates received for dematerialization were processed, mutilated, and cancelled according to guidelines. This filing is a standard procedural requirement for listed companies to verify the accuracy of their shareholding records. It does not contain any information regarding financial performance or strategic changes.
- Compliance certificate issued for the quarter ended June 30, 2026
- Certificate issued by MUFG Intime India Pvt Ltd on July 20, 2026
- Confirmation that dematerialized securities are listed on the relevant stock exchanges
- Verification that security certificates were mutilated and cancelled after dematerialization
Winsome Yarns Limited has appointed Ms. Riya Pawar as Company Secretary and Compliance Officer effective July 18, 2026. This appointment follows the NCLT's approval of a resolution plan on April 16, 2026, submitted by Mohini Health & Hygiene Limited. The company remains in a precarious financial state with a TTM revenue of ₹31 Cr and a negative net worth of ₹437 Cr. This management change is a procedural requirement to maintain regulatory compliance during the Corporate Insolvency Resolution Process (CIRP) transition.
- Appointment of Ms. Riya Pawar effective from July 18, 2026
- Resolution plan approved by NCLT on April 16, 2026
- Company reported TTM revenue of ₹31 Cr and a net loss of ₹26 Cr
- Total debt stands at ₹557 Cr with a negative net worth of ₹437 Cr
- Revenue declined by 83.52% following the initiation of CIRP in December 2023
Winsome Yarns Limited has appointed Ms. Riya Pawar as Company Secretary and Compliance Officer effective July 18, 2026. This appointment follows the NCLT's approval of a resolution plan on April 16, 2026, submitted by Mohini Health & Hygiene Limited. The company is currently in a critical state with a negative net worth of ₹437 Cr and a total debt of ₹557 Cr. This management change is a procedural step toward restoring corporate governance under the new resolution applicant.
- Ms. Riya Pawar appointed as Company Secretary and Compliance Officer effective July 18, 2026.
- Resolution plan by Mohini Health & Hygiene Limited was approved by NCLT on April 16, 2026.
- Company reports a massive debt of ₹557 Cr against a TTM revenue of only ₹31 Cr.
- Net worth remains deeply negative at ₹-437 Cr as per latest financial context.
- Revenue has declined by 83.52% due to the impact of the Corporate Insolvency Resolution Process (CIRP).
Winsome Yarns has fixed July 31, 2026, as the record date to implement a massive capital reduction mandated by an NCLT order dated April 16, 2026. Under the resolution plan by Mohini Health & Hygiene Limited, the entire promoter holding of 2.73 crore shares will be extinguished (reduced to zero). Public shareholding will be slashed from 4.33 crore shares to just 1.31 lakh shares, representing a near-total wipeout for existing retail investors. This restructuring follows the company's severe financial distress, including a negative net worth of ₹437 crore and TTM losses of ₹26 crore.
- Record date for capital reduction and extinguishment fixed as July 31, 2026
- Promoter shareholding to be reduced from 2,73,39,609 shares to 0
- Public shareholding to be reduced from 4,33,67,620 shares to 1,31,579 shares
- Resolution plan approved by NCLT was submitted by Mohini Health & Hygiene Limited
- Company currently carries a negative net worth of ₹437 Cr and debt of ₹557 Cr
Winsome Yarns is implementing its NCLT-approved resolution plan (order dated April 16, 2026) following insolvency proceedings. The plan involves a near-total wipeout of existing equity: erstwhile promoter shares (2.73 Cr) will be cancelled entirely, and public shares will be reduced from 4.33 Cr to just 1.31 lakh shares. Simultaneously, a new promoter, Dhananya Capital Private Limited, will infuse ₹2.5 Cr via a preferential issue of 25 lakh shares at ₹10 each, resulting in a 95% post-allotment stake. The company is also pivoting its business objects to include real estate and infrastructure development.
- Existing public shareholding to be reduced by 99.7% from 4,33,67,620 to 1,31,579 shares
- Erstwhile promoter shareholding of 2,73,39,609 shares to be reduced to zero
- Preferential issue of 25,00,000 equity shares at ₹10 per share to raise ₹2.5 Cr
- New promoter Dhananya Capital Private Limited to hold 95% stake post-allotment
- Record date for capital reduction and extinguishment fixed as July 31, 2026
Financial Performance
Revenue Growth by Segment
Total revenue from operations fell 83.52% YoY, decreasing from INR 2,542.5 lakhs in FY24 to INR 419.08 lakhs in FY25. Segment-specific growth percentages are not disclosed.
Profitability Margins
Operating Profit Margin worsened from -0.61% in FY24 to -4.33% in FY25. Net Profit Margin declined from -0.43% in FY24 to -4.12% in FY25, reflecting severe operational distress.
EBITDA Margin
Operating Profit Margin of -4.33% indicates core unprofitability, a decline of 3.72 percentage points from the previous year's -0.61%.
Credit Rating & Borrowing
The company is under Corporate Insolvency Resolution Process (CIRP) as per NCLT order dated 22.12.2023. Interest coverage ratio is listed as 'Not Applicable' for both FY24 and FY25.
Operational Drivers
Raw Materials
Not specifically named, but 'cost of material consumed' represented 0.7% of total revenue in FY25.
Raw Material Costs
Raw material costs plummeted 99.43% YoY from INR 517.9 lakhs in FY24 to INR 2.93 lakhs in FY25, reflecting a near-total halt in production activities.
Strategic Growth
Growth Strategy
The company is currently focused on the Corporate Insolvency Resolution Process (CIRP) rather than expansion. Future growth depends on the resolution plan approved by the NCLT.
Products & Services
Yarns (as per company name Winsome Yarns Limited).
External Factors
Industry Trends
The industry is seeing varied changes in customer preferences and is currently impacted by non-supportive global markets.
Competitive Moat
No sustainable moat identified; the company has a negative debt-equity ratio of -1.28 and is in insolvency.
Macro Economic Sensitivity
Highly sensitive to global textile market trends and interconnected global supply chain outbreaks.
Consumer Behavior
Demand is affected by shifting customer preferences in the textile and yarn sector.
Geopolitical Risks
Global textile market interconnectedness makes the business vulnerable to international outbreaks and trade disruptions.
Regulatory & Governance
Industry Regulations
Subject to the Competition Act and various statutes; mitigates risk through internal and external compliance audits.
Environmental Compliance
Maintains harmony with nature by adopting eco-friendly technologies and upgrading them incidental to growth programs.
Taxation Policy Impact
Current and deferred tax expenses were INR 0 for FY25 due to significant losses.
Legal Contingencies
The company is under Corporate Insolvency Resolution Process (CIRP) initiated by NCLT order dated 22.12.2023. Powers of the Board are currently suspended.
Risk Analysis
Key Uncertainties
The primary uncertainty is the outcome of the CIRP process. Other risks include foreign exchange fluctuations, interest rate volatility, and the ability to retain the existing talent pool of 167 employees.
Technology Obsolescence Risk
The company monitors technology shifts and upgrades eco-friendly technologies to maintain compliance.
Credit & Counterparty Risk
Debtors' turnover ratio increased significantly to 103.19 in FY25 from 35.86 in FY24, a 67% change.
