💡 NCLT approved resolution plan for acquisition by Mohini Health & Hygiene, providing a clear exit from insolvency and potential revival.
What Happened
The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the resolution plan submitted by Mohini Health and Hygiene Limited for Winsome Yarns Limited. The order, dated April 16, 2026, was formally disclosed to the stock exchanges. This approval brings the corporate insolvency resolution process (CIRP) for Winsome Yarns to a conclusion, binding the plan on all stakeholders.
Key Details
- Company: Winsome Yarns Limited
- Event Type: M&A
- Filing Date: 20-Apr-2026 15:23:04
- NSE Filing: View Document
Why It Matters
The NCLT's approval of the resolution plan is a critical milestone for Winsome Yarns, marking its exit from the insolvency process. The acquisition by Mohini Health and Hygiene, a company in the medical consumables sector, provides a path for the revival of the distressed textile firm. The plan involves a total value of approximately Rs. 162.9 crores to settle claims and includes provisions for infusing Rs. 20 crores for overhauling and working capital. This event removes the uncertainty of liquidation and provides a structured future for the company under new management, which is typically viewed positively by the market.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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