WINSOMEBSEWinsome Yarns LtdMediumNeutral
Announced Tue, 23 Jun · 20:11 IST

Winsome Yarns appoints 6 directors post NCLT resolution plan approval

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AI summary

Following NCLT approval of its resolution plan on April 16, 2026, with Mohini Health and Hygiene as the successful resolution applicant, Winsome Yarns appointed 6 directors on June 23, 2026. These include Mr. Vipan Kumar (Executive Director), Mr. Avnish Sarvapriya Bansal (Non-Executive Chairperson), his wife Mrs. Parul Bansal (Women Non-Executive), and three Independent Directors: Mr. Mahesh Fogla, Mr. Sanjeev Nahar, and Mr. Bibhudutta Satpathy. Appointments are subject to shareholder approval.

Likely market impact

New board from Mohini Health and Hygiene signals a fresh start and operational revival after the insolvency process, a positive step for shareholders.