Winsome Yarns Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results
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Awaiting price reaction for this filing.
Winsome Yarns Limited has explained to NSE why it could not file its Q1 FY26 (quarter ended June 30, 2025) financial results on time. The company has been under Corporate Insolvency Resolution Process (CIRP) since December 22, 2023, after NCLT Chandigarh admitted a petition filed by Edelweiss Asset Reconstruction Company. Production at the Derabassi plant is fully shut down, most employees have left, and salaries are pending for 3-4 months. The Resolution Professional cited the Section 14(1) moratorium, which bars all proceedings against the company, as the key reason for the delay. Separately, the Committee of Creditors has approved a resolution plan from M/s Mohini Health & Hygiene Limited, but NCLT approval is still pending.
This is a procedural update, not new negative news—the insolvency status is already known. However, the filing underscores the company's distressed state with no production and unpaid employees, which is negative for existing shareholders. The pending NCLT approval of the resolution plan is a potential positive trigger, as it could lead to revival of the company under new management, but timelines remain uncertain.