Director Cessation: Mr Manish Bagrodia Steps Down from Winsome Yarns Board
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Winsome Yarns Limited announced the cessation of Mr Manish Bagrodia as Non-Executive Non-Independent Director with effect from July 10, 2026. This follows the NCLT-approved resolution plan (order dated April 16, 2026) under the Insolvency and Bankruptcy Code, under which a new Board of Directors was constituted on June 23, 2026. As part of this restructuring, Mr Bagrodia's office stood vacated. The company was admitted to CIRP in December 2023 and Mohini Health and Hygiene Limited is the successful resolution applicant.
Part of board restructuring under the approved resolution plan. Routine transition tied to the insolvency revival process, expected to reshape governance under new ownership.