Winsome Yarns Limited Delays Submission of Un-Audited Financial Results
Winsome Yarns Limited has informed the BSE Limited and National Stock Exchange of India Ltd. of a delay in submitting the un-audited financial results for the quarter ended December 31, 2025.The company, incorporated on July 19, 1990, is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an application by Financial Creditor Edelweiss Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Chandigarh Bench, initiated the CIRP on December 22, 2023, appointing Mr. Sanjay Gupta as the Interim Resolution Professional. Subsequently, ARCK Resolution Professionals LLP was appointed as the Resolution Professional on March 14, 2024.
The Committee of Creditors has approved a resolution plan submitted by Mohini Health & Hygiene Limited, and the Resolution Professional has filed an application with the National Company Law Tribunal for its approval.
Due to the ongoing CIRP, the powers of the Board of Directors are suspended and vested with the Interim Resolution Professional/Resolution Professional. The company is currently operating with limited employees and facing constraints in available funds. Efforts are underway to finalize the financial results, but the process is delayed due to factors beyond the control of the Resolution Professional and Corporate Debtor.
Anil Kohli, Designated Partner & Authorized Signatory of ARCK Resolution Professionals LLP, acting as Resolution Professional, requested the exchanges to take the submission into consideration.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.