Winsome Yarns Limited Announces Vacation of Non-Executive Director Amidst Ongoing Resolution Process
Winsome Yarns Limited has announced that Mr. Manish Bagrodia, a Non-Executive - Non-Independent Director of the company's existing Board, will stand vacated effective July 10, 2026. This change in directorship was approved by the Monitoring Committee following the constitution of a new Board of Directors on June 23, 2026.The vacation of Mr. Bagrodia’s office is executed in accordance with the terms stipulated in the resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT).
This action aligns with the ongoing Corporate Insolvency Resolution Process (CIRP) of Winsome Yarns Limited, which began after a petition filed by Financial Creditor M/s Edelweiss Asset Reconstruction Company Limited was admitted by the NCLT, Chandigarh Bench, on December 22, 2023.
The Monitoring Committee approved the vacation of office for Mr. Manish Bagrodia during its meeting held on July 10, 2026.
Details regarding this transition are summarized below:
| Particulars | Details |
|---|---|
| Reason for Change | Vacation of Office (in terms of the approved Resolution Plan) of Mr. Manish Bagrodia as Non-executive Non-independent Director. |
| Cessation Date | July 10, 2026 |
This transition is part of the structural changes mandated by the NCLT approval date of April 16, 2026, which relates to the approved resolution plan submitted by Mohini Health & Hygiene Limited (SRA).
WINSOME Stock Price Movement
Shares of Winsome Yarns Limited today slipped by 1.88% after closing at ₹2.09. The limited trading saw a total volume of 10 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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