<h1>Winsome Yarns Ltd Schedules Board Meeting to Address Share Capital Reduction Following NCLT Order</h1>
A meeting of the Monitoring Committee of Winsome Yarns Limited has been scheduled for Thursday, July 16, 2026, to address matters related to its share capital structure following an order by the National Company Law Tribunal (NCLT).
The Board meeting is set to consider and approve several key items tied to the NCLT Order. One of the primary agenda points involves the fixation of a record date for the reduction and extinguishment of 95% of the existing Equity Shares. These shares are held by erstwhile promoters and current public shareholders, constituting the company's existing equity paid up share capital.
The meeting will also cover the issuance of new equity shares to prospective allottees. This issuance is mandated in compliance with the NCLT Order and relevant regulations concerning the issue of capital. The agenda also includes any other matter with the permission of the Chair.
In addition to the Board meeting, the company has maintained a restriction on insider trading. The Trading Window for Designated Persons and their immediate relatives under the company's Code of Conduct will remain closed until 48 hours after the announcement of the outcome of the Board Meeting.
WINSOME Stock Price Movement
Winsome Yarns Limited's shares slipped by 1.91% in trading today, settling at ₹2.05. The stock recorded a traded volume of 63,870 shares during the session.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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