WINSOME - Winsome Yarns
π’ Recent Corporate Announcements
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.
Winsome Yarns Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that all dematerialization requests were processed and security certificates were mutilated and cancelled within prescribed timelines. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code. This filing is a standard administrative requirement to ensure the integrity of the company's share registry.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- RTA MUFG Intime India Private Limited confirmed timely processing of dematerialization requests.
- Company remains under Corporate Insolvency Resolution Process (CIRP) managed by Resolution Professional Anil Kohli.
- The registered office was recently vacated on December 30, 2024, with operations moving to Mohali, Punjab.
Winsome Yarns Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), held its adjourned 35th Annual General Meeting on January 6, 2026. Shareholders approved the Audited Financial Statements for the fiscal year ended March 31, 2025, and the appointment of M/s Girish Madan & Associates as Secretarial Auditors. Nearly 100% of the 27.27 million votes cast were in favor of the proposed resolutions. These approvals maintain the company's regulatory compliance status while it remains under the management of the Resolution Professional.
- Total of 27,269,342 votes were polled across three resolutions, with 27,269,332 votes cast in favor.
- Adoption of FY25 Audited Financial Statements passed with near-unanimous approval (only 10 votes against).
- Shri Manish Bagrodia was re-appointed as a director, though his powers remain suspended due to the ongoing CIRP.
- M/s Girish Madan & Associates were officially appointed as the Secretarial Auditors for the company.
- The meeting was originally adjourned from December 30, 2025, due to a lack of quorum, but proceeded on January 6, 2026.
Winsome Yarns Limited successfully held its adjourned 35th Annual General Meeting on January 6, 2026, after the initial meeting on December 30, 2025, failed to meet quorum requirements. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with management powers vested in a Resolution Professional. A significant update was provided regarding the approval of a Resolution Plan by Mohini Health & Hygiene Limited by the Committee of Creditors, which is now pending final approval from the NCLT. Shareholders voted on the adoption of FY2024-25 financial statements and the re-appointment of a director whose powers remain suspended.
- Adjourned 35th AGM concluded on January 6, 2026, following a lack of quorum at the original December 30, 2025, meeting.
- Resolution Plan from Mohini Health & Hygiene Limited has been approved by the Committee of Creditors (CoC).
- The final application for the Resolution Plan is currently pending before the Honβble NCLT.
- Ordinary resolutions were proposed for the adoption of Audited Financial Statements for the year ended March 31, 2025.
- Company operations and the AGM were chaired by Resolution Professional Anil Kohli due to the ongoing insolvency process.
Winsome Yarns Limited has adjourned its 35th Annual General Meeting (AGM) to January 6, 2026, after the original meeting on December 30, 2025, failed to meet the required quorum. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), with its board powers suspended and managed by a Resolution Professional. Shareholders are set to vote on the adoption of audited financial statements for the fiscal year ended March 31, 2025. Additionally, the meeting will address the re-appointment of a director and the appointment of secretarial auditors for a five-year term.
- 35th AGM rescheduled to January 6, 2026, at 03:30 P.M. via Video Conferencing due to lack of quorum.
- Agenda includes the adoption of Audited Financial Statements for the financial year ended March 31, 2025.
- Proposal to appoint M/s Girish Madan & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30).
- Company remains under Corporate Insolvency Resolution Process (CIRP) as per Insolvency and Bankruptcy Code.
- Director Manish Bagrodia, whose powers are currently suspended, is seeking re-appointment by rotation.
Winsome Yarns Limited has adjourned its 35th Annual General Meeting (AGM) originally scheduled for December 30, 2025. The meeting could not be conducted as the requisite quorum was not present during the video conference. The adjourned meeting is now rescheduled for January 6, 2026, at 3:30 P.M. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), which remains a critical factor for stakeholders.
- 35th AGM originally scheduled for December 30, 2025, has been adjourned.
- The meeting is rescheduled for January 6, 2026, at 3:30 P.M. via Video Conferencing.
- Adjournment was caused by the non-availability of the requisite quorum under Section 103 of the Companies Act, 2013.
- The company is currently under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional.
Winsome Yarns Limited has announced the closure of its trading window starting January 1, 2026, for the quarter ending December 31, 2025. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until 48 hours after the declaration of the unaudited financial results. Investors should note that the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP).
- Trading window closure starts from Thursday, January 1, 2026
- Closure is related to the unaudited financial results for the quarter ended December 31, 2025
- Restriction applies to all designated persons and their immediate relatives
- Window will reopen 48 hours after the official announcement of quarterly results
- Company is currently managed by a Resolution Professional under CIRP
Winsome Yarns Limited has announced its 35th Annual General Meeting (AGM) to be held on December 30, 2025, via video conferencing. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), and the meeting will be conducted under the supervision of the Resolution Professional. Key agenda items include the adoption of audited financial statements for FY 2024-25 and the appointment of secretarial auditors for a five-year term. Shareholders as of the cut-off date of December 23, 2025, will be eligible to vote on these resolutions.
- 35th Annual General Meeting scheduled for December 30, 2025, at 3:30 PM IST.
- Company is operating under CIRP with board powers currently suspended and managed by a Resolution Professional.
- Register of Members and Share Transfer Books will be closed from December 24 to December 30, 2025.
- Cut-off date for determining e-voting eligibility is fixed as December 23, 2025.
- Proposed appointment of M/s Girish Madan & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30).
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.