WINSOME - Winsome Yarns
📢 Recent Corporate Announcements
The NCLT Chandigarh Bench has approved a ₹162.90 crore resolution plan for Winsome Yarns Limited, submitted by Mohini Health & Hygiene Limited. The plan addresses a massive debt burden of approximately ₹1,926.88 crore in admitted claims, with secured financial creditors receiving ₹137 crore. The successful bidder will also infuse ₹20 crore for operational overhauling and working capital. As per the plan, the entire share capital will be allotted to the resolution applicant, which typically implies a total loss for existing equity holders.
- Total resolution value of ₹162.90 crore against admitted claims exceeding ₹1,926 crore
- Secured financial creditors to receive ₹137 crore, representing a recovery of approximately 7.2%
- Successful Resolution Applicant (SRA) to infuse ₹20 crore for working capital within 365 days
- Operational creditors and workmen/employees to receive ₹50 lakhs and ₹30 lakhs respectively
- The resolution plan received 100% approval from the Committee of Creditors
Winsome Yarns Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), conducted its 28th Committee of Creditors (CoC) meeting on March 25, 2026. The meeting was facilitated by the Resolution Professional from ARCK Resolution Professionals LLP via video conferencing. During the session, proposed resolutions were put to a vote and successfully approved by the CoC members with the requisite majority. While the specific details of the resolutions were not disclosed, this marks a procedural step forward in the insolvency resolution framework.
- 28th Meeting of the Committee of Creditors (CoC) successfully convened on March 25, 2026.
- Resolutions proposed during the meeting were approved by the CoC with the requisite majority.
- The process is being managed by Mr. Anil Kohli of ARCK Resolution Professionals LLP.
- The company remains under the Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations.
Winsome Yarns Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended March 31, 2026. The document confirms that the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has handled dematerialization requests as per regulatory requirements. The company remains under the Corporate Insolvency Resolution Process (CIRP), with operations managed by a Resolution Professional. This filing is a standard procedural requirement for listed entities in India.
- Compliance certificate submitted for the quarter ending March 31, 2026.
- Company is currently undergoing Corporate Insolvency Resolution Process (CIRP).
- MUFG Intime India Private Limited served as the Registrar and Share Transfer Agent (RTA).
- The filing was authorized by Anil Kohli, the appointed Resolution Professional.
Winsome Yarns Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ended March 31, 2026. The window will remain closed until 48 hours after the results are officially announced. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under a Resolution Professional.
- Trading window closure effective from Wednesday, April 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ending March 31, 2026.
- Restriction applies to all designated persons and their immediate relatives regarding any dealing in company securities.
- Trading window will reopen 48 hours after the financial results are declared.
- The company continues to operate under the Corporate Insolvency Resolution Process (CIRP).
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has scheduled its 28th Committee of Creditors (CoC) meeting for March 25, 2026. The meeting will be conducted via video conferencing by the Resolution Professional, Anil Kohli of ARCK Resolution Professionals LLP. This meeting is a critical part of the ongoing insolvency proceedings to determine the company's future resolution or liquidation. Investors should note that the company is operating under the supervision of the Resolution Professional as per IBC mandates.
- 28th Meeting of the Committee of Creditors (CoC) scheduled for March 25, 2026, at 5:00 PM.
- Company is currently under Corporate Insolvency Resolution Process (CIRP).
- Proceedings are being managed by Resolution Professional Anil Kohli from ARCK Resolution Professionals LLP.
- The meeting will be held via video conferencing mode in compliance with SEBI LODR Regulations.
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 27th Committee of Creditors (CoC) meeting on March 6, 2026. The company reported that resolutions proposed during the meeting were approved by the CoC members with the requisite majority. While specific details of the resolutions were not disclosed, this marks a procedural step in the ongoing insolvency proceedings managed by the Resolution Professional. The company's operations and management remain under the control of the appointed professional from ARCK Resolution Professionals LLP.
- 27th meeting of the Committee of Creditors (CoC) successfully conducted on March 6, 2026
- Proposed resolutions were approved by the CoC members with the requisite majority
- Company remains under Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations
- Proceedings were managed by Resolution Professional Anil Kohli from ARCK Resolution Professionals LLP
Winsome Yarns Limited has informed the exchanges of a delay in submitting its financial results for the quarter ended December 31, 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since December 22, 2023, following an order by the NCLT. While a resolution plan by Mohini Health & Hygiene Limited has been approved by the Committee of Creditors, it is currently awaiting final approval from the NCLT Chandigarh Bench. The company cited a lack of work orders and insufficient funds for salaries as primary reasons for the operational and reporting delays.
- Company has been under CIRP since December 22, 2023, with board powers currently suspended.
- Resolution Plan from Mohini Health & Hygiene Limited approved by COC and pending NCLT adjudication.
- Operational distress reported with no current work orders and limited staff due to liquidity constraints.
- Delay in Q3 FY26 results attributed to factors beyond the control of the Resolution Professional.
- Company is operating from a temporary office in Mohali after vacating its previous registered office on December 30, 2024.
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has scheduled its 27th Committee of Creditors (COC) meeting for March 6, 2026. The meeting will be conducted via video conferencing by the Resolution Professional, Anil Kohli. These meetings are critical as the COC decides on the future of the company, including potential resolution plans or liquidation. Investors should remain cautious as the company's status remains under legal distress.
- 27th Meeting of the Committee of Creditors (COC) to be held on March 6, 2026.
- Company is operating under the Corporate Insolvency Resolution Process (CIRP).
- Meeting managed by Resolution Professional Anil Kohli from ARCK Resolution Professionals LLP.
- The session will be held via video conferencing mode starting at 12:00 PM.
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), successfully conducted its 25th Committee of Creditors (CoC) meeting on January 13, 2026. During the meeting, various resolutions were proposed and subsequently approved by the CoC members with the requisite majority. The process was overseen by the Resolution Professional, Mr. Anil Kohli of ARCK Resolution Professionals LLP. While the specific nature of the approved resolutions was not detailed, the progress signifies movement in the insolvency resolution timeline.
- 25th meeting of the Committee of Creditors (CoC) held on January 13, 2026, via video conferencing.
- Proposed resolutions were approved by the CoC members with the requisite majority as per IBC norms.
- The company continues to operate under the Corporate Insolvency Resolution Process (CIRP).
- Meeting was conducted by Designated Partner Mr. Anil Kohli from ARCK Resolution Professionals LLP.
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 25th Committee of Creditors (CoC) meeting on January 13, 2026. The company reported that resolutions proposed during the meeting were approved by the CoC members with the requisite majority. The proceedings were conducted via video conferencing and managed by the Resolution Professional from ARCK Resolution Professionals LLP. While the specific nature of the resolutions was not disclosed, this marks a procedural step in the ongoing insolvency resolution.
- 25th Meeting of the Committee of Creditors (CoC) successfully convened on January 13, 2026
- Proposed resolutions were approved by the CoC with the requisite majority
- Company remains under Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations
- Meeting was facilitated by Resolution Professional Anil Kohli of ARCK Resolution Professionals LLP
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 24th Committee of Creditors (CoC) meeting on November 4, 2025. During the meeting, various resolutions were proposed and subsequently approved by the CoC members with the requisite majority. The proceedings were conducted via video conferencing and managed by the Resolution Professional from ARCK Resolution Professionals LLP. While the specific details of the approved resolutions were not disclosed, this marks a progression in the company's insolvency timeline.
- 24th Meeting of the Committee of Creditors (CoC) was successfully held on November 4, 2025.
- Proposed resolutions were approved by the CoC members with the requisite majority.
- The company remains under the Corporate Insolvency Resolution Process (CIRP) as per IBC mandates.
- The meeting was facilitated by Designated Partner Mr. Anil Kohli of ARCK Resolution Professionals LLP.
Winsome Yarns Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 24th Committee of Creditors (CoC) meeting on November 4, 2025. During this session, various resolutions were proposed and subsequently approved by the CoC members with the requisite majority. The proceedings are being overseen by ARCK Resolution Professionals LLP as the appointed Resolution Professional. While the specific details of the resolutions were not disclosed, the approval signifies progress in the insolvency resolution timeline.
- 24th Meeting of the Committee of Creditors (CoC) successfully conducted via video conferencing.
- Proposed resolutions were approved by the CoC members with the requisite majority voting power.
- Company continues to operate under the Corporate Insolvency Resolution Process (CIRP) framework.
- Management remains under the control of Resolution Professional Mr. Anil Kohli from ARCK Resolution Professionals LLP.
- Registered office recently shifted from Chandigarh to Mohali as of December 30, 2024.
Winsome Yarns Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has appointed M/s Girish Madan & Associates as its Secretarial Auditor. The appointment is set for a five-year term covering FY 2025-26 through FY 2029-30, effective from January 06, 2026. This appointment remains subject to the formal approval of the Committee of Creditors (CoC) as per the Insolvency and Bankruptcy Code. The firm will be responsible for ensuring regulatory compliance and secretarial audits during the company's restructuring phase.
- Appointment of M/s Girish Madan & Associates for a 5-year tenure from FY 2025-26 to FY 2029-30.
- Effective date of appointment is January 06, 2026, pending Committee of Creditors (CoC) approval.
- The company is currently under Corporate Insolvency Resolution Process (CIRP) and managed by a Resolution Professional.
- The appointed firm is a Peer Reviewed entity with Membership No. F-5017 and COP No. 3577.
Winsome Yarns Limited has announced the cessation of Mr. Rajiv Chadha as a Non-Executive Independent Director effective January 6, 2026. This change follows the completion of his five-year term, which concluded with the company's 35th Annual General Meeting. The company is currently under the Corporate Insolvency Resolution Process (CIRP), managed by a Resolution Professional. This is a routine administrative change due to the expiration of a fixed term rather than a resignation or removal.
- Mr. Rajiv Chadha (DIN: 08793211) ceased to be an Independent Director effective January 6, 2026
- The cessation follows the completion of a 5-year tenure starting from the 30th AGM to the 35th AGM
- The company is currently under CIRP, with Anil Kohli acting as the Resolution Professional
- The 35th AGM of the company was concluded on January 6, 2026, marking the end of the director's term
Winsome Yarns Limited has announced that Mr. Rajiv Chadha has ceased to be a Non-Executive Independent Director effective January 6, 2026. The cessation follows the completion of his five-year tenure, which spanned from the 30th AGM to the 35th AGM. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with operations managed by a Resolution Professional. This exit is a routine regulatory event due to term expiration rather than a resignation or removal.
- Mr. Rajiv Chadha completed his full 5-year term as Independent Director on January 6, 2026.
- The cessation occurred upon the conclusion of the company's 35th Annual General Meeting.
- Winsome Yarns is currently under Corporate Insolvency Resolution Process (CIRP) as of the announcement date.
- The filing was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
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.