Board meet on July 16 to fix record date for 95 percent share extinguishment under NCLT plan
WINSOME · price
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Winsome Yarns Monitoring Committee meets on July 16, 2026 to fix record date for cancelling 95 percent of existing equity shares held by erstwhile promoters and public shareholders under the NCLT approved resolution plan. New equity shares will be issued to resolution applicant Mohini Health and Hygiene and other allottees per SEBI ICDR rules. This follows NCLT order dated April 16, 2026 under the Insolvency and Bankruptcy Code. Trading window is closed till 48 hours after outcome.
Existing shareholders face 95 percent equity wipeout under insolvency resolution; new shares will be issued to resolution applicant Mohini Health and Hygiene.