Winsome Yarns Q1 FY27 Loss ₹3.32 Cr Post-NCLT Resolution

Total Revenue: ₹0.37 lakh (compared to ₹(0.24) lakh in previous quarter ending March 31, 2026)
Income from Operations: ₹0 (nil revenue from operations)
Other Income: ₹0.37 lakh
Total Expenses: ₹3.69 lakh
Employee Benefit Expense: ₹0.10 lakh
Finance Cost: ₹0.07 lakh
Depreciation & Amortization: ₹2.42 lakh
Other Expenses: ₹1.10 lakh
Loss from Operations before Tax: ₹(3.32) lakh
Tax Expense: ₹0 (no current tax, deferred tax, or earlier year tax)
Net Loss after Tax: ₹(3.32) lakh
Total Comprehensive Income: ₹(3.32) lakh
Paid-up Equity Capital: ₹707.10 lakh (Face Value ₹10 per share)
Reserves: Negative ₹5,204.70 lakh as per previous balance sheet
Earnings Per Share (Basic & Diluted): ₹(0.47) per share (not annualized)

CIRP initiated on December 22, 2023, by NCLT Chandigarh Bench in CP (IB) No. 291/Chd/Chd/2018
Mr. Sanjay Gupta appointed as Interim Resolution Professional (IBBI Registration No. IBBI/IPA-002/IP-N00982-C01/2017-2018/10354)
M/s ARCK Resolution Professionals LLP appointed as new Resolution Professional on March 14, 2024 (IBBI Registration No. IBBI/IPE-0030/IPA-1/2022-23/50013)
NCLT approved resolution plan submitted by Mohini Health & Hygiene Limited on April 16, 2026, under Section 30(6) and Section 31(1) of IBC 2016
Resolution plan value: ₹162.90 crore
Company affairs currently managed by Monitoring Committee comprising Committee of Creditors and Successful Resolution Applicant representatives
Powers of existing Board of Directors remain suspended till Transfer Date
Moratorium under Section 14 of IBC ceased from date of NCLT order

Financial results prepared on going concern basis considering approved resolution plan
During FY 2026-27, company will give effect to CIRP Order dated April 16, 2026
Requisite accounting adjustments to be made for assets and liabilities including write-off, extinguishment, settlement, and/or derecognition
Resultant net impact to be recognized in books and adjusted through Capital Reserves to extent permissible
Adjustments to be completed during FY 2026-27 with impact incorporated in relevant quarterly results
Recognition and measurement subject to completion of accounting assessment, reconciliation, and statutory compliances

Accumulated losses and negative net worth as of June 30, 2026
Continuous losses and negative cash flows
Financial constraints and non-deposit of statutory dues on time
Default in repayment of principal and interest to banks
Internal control systems need strengthening in areas of purchases, material consumption, expense charging, balance set-off, and sales invoicing
Pending confirmation and reconciliation of balances with parties including:
Accounts receivable and payable
Bank balances (including FDR)
Other current assets
Advance for leasing
Security deposit
Secured loans
Other liabilities, provisions, and contingent liabilities
Impact of unconfirmed balances is unascertainable
No provision made for demands raised by various authorities as matters pending before appellate forums

Company business of Yarn Spinning and Knitting continues on job-work basis within limited resources
Only reportable segment: Textiles (Yarn, Knitwear & related revenue)
Theft reported in transformer at spinning mill complex in Village Kurranwala, Dera Bassi, Punjab with approximate loss of ₹59.20 lakh
FIR registered at Dera Bassi Police Station and insurance claim filed
Registered office vacated by Chandigarh Administration on December 30, 2024
Currently operating from knitting unit at B-58, Industrial Area Phase-7, Mohali
New registered office identification in process