Mohini Health & Hygiene Limited's Board of Directors convened on May 01, 2026, to approve the implementation of the Resolution Plan for acquiring Winsome Yarns Limited, following NCLT approval dated April 16, 2026. The total admitted claims of Winsome Yarns amount to approximately ₹1,926.88 Crore, with the Resolution Plan requiring total payments of ₹162.90 Crore to various creditors. The acquisition will be executed through a Special Purpose Vehicle (SPV) where MHHL holds 51% equity stake, with the SPV acquiring 95% control of Winsome Yarns Limited. The implementation timeline includes share allotment by May 31, 2026, and full transfer by July 15, 2026. The Board also approved the appointment of nominee directors, funding arrangements including a ₹154.00 Crore term loan from Union Bank of India, and reappointed auditors for FY 2026-27.
MHHL Board Approves Winsome Yarns Acquisition Under NCLT Resolution Plan
