Board approves share cancellation and new promoter issuance under NCLT resolution plan
WINSOME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Winsome Yarns, emerging from IBC resolution, will cancel nearly all existing shares as on record date July 31, 2026. Erstwhile promoter shares drop from 2.73 crore to 0; public shares cut from 4.33 crore to 1.31 lakh. Board approved issuing 25 lakh fresh equity shares at Rs 10 face value to Dhananya Capital Pvt Ltd as new promoter, giving it 95% holding. Company also expanding its objects clause to include real estate, construction, and infrastructure business. Post-allotment paid-up capital will be 26.31 lakh shares of Rs 10 each.
Near-total wipeout for existing shareholders under IBC plan. New promoter takes 95% control and pivots business from yarn to real estate and infrastructure.