Record date set for share capital reduction under NCLT order - 31 Jul 2026
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Winsome Yarns has fixed 31 Jul 2026 as the record date to execute a massive capital reduction under an NCLT order arising from the IBC resolution process. Erstwhile promoter shares will be cut from 2.73 crore to zero. Existing public shareholding will be slashed from 4.34 crore equity shares to just 1.31 lakh shares, effectively wiping out nearly all existing public equity. The reduction follows NCLT approval of the resolution plan submitted by Mohini Health and Hygiene Limited as successful resolution applicant.
Near-total extinguishment of existing public equity. Shareholders on record date face drastic reduction in shareholding under the IBC resolution plan.