5143482026-01-012026-03-315143482026-03-315143482025-03-315143482025-04-012026-03-315143482026-01-012026-03-31in-capmkt:OtherExpenses1Member5143482025-04-012026-03-31in-capmkt:OtherExpenses1Member5143482026-03-31OtherNoncurrentAssetsDomain15143482026-03-31OtherCurrentAssetsDomain15143482026-03-31OtherNoncurrentLiabilitiesDomain15143482026-03-31OtherCurrentFinancialLiabilitiesDomain15143482026-03-31OtherCurrentLiabilitiesDomain15143482026-03-31OtherCurrentLiabilitiesDomain25143482026-01-012026-03-31AuditorDomain15143482026-01-012026-03-31in-capmkt:AuditedMember5143482026-03-31in-capmkt:AuditedMember5143482026-01-012026-03-31in-capmkt:AdjustedMember5143482026-03-31in-capmkt:AdjustedMember5143482026-01-012026-03-31AuditQualification15143482026-01-012026-03-31AuditQualification25143482026-01-012026-03-31AuditQualification35143482026-01-012026-03-31AuditQualification45143482026-01-012026-03-31AuditQualification55143482026-01-012026-03-31AuditQualification6iso4217:INRiso4217:INRxbrli:shares514348WINSOMENOTLISTEDINE784B01035Winsome Yarns LimitedMain BoardEquity2025-04-012026-03-312026-08-292026-08-26INRLakhsQuarterlyFourth quarterSingle segmentTextiles (Yarn, Knitwear & related revenue)2026-08-2918:00:002026-08-2920:00:00trueCash Flow IndirectStatement on impact of audit qualificationtruefalseNANAfalsefalsefalsetrue2026-01-012026-03-31AuditedStandalone0-2400000-2400000000800000024300000460000029700000-321000000-321000000000-321000000000-321000000-3210000070710000010-0.450.4500-0.450.451. The Statutory Auditors of the Company have carried out the limited review of the above financial results for the quarter and year ended 31st March 2026, in accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015. <br /> 2. The Company’s business of Yarn Spinning and Knitting has also been carried out on job-work basis for third parties, which is continuing to the extent possible within limited resources available with the Company. <br /> 3. In line with the provisions of Ind AS-108 ‘Operating Segments’ as notified under the Companies (Ind AS) Rules, 2015, and as provided in section 133 of the Companies Act, 2013, the operations of the Company fall under one line of business activity namely, Textiles (Yarn, Knitwear & related revenue), which is considered to be the only reportable segment by the management. <br /> 4. Auditors remarks on accounts for the quarter and year ended on 31st March 2026 alongwith comments of Company thereon are: <br /> <br /> (1) Regarding preparation of accounts on going concern basis despite accumulated losses of the Company being substantially in excess of its net worth: <br /> <br /> Company Response: The Company is under Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016, and is being maintained as a going concern by the Resolution Professional as part of the CIRP process for resolution of its insolvency. <br /> <br /> (2) Regarding non-provision for interest and penalty on Borrowings: <br /> <br /> Company Response: The Company is under CIRP and the IRP/RP had invited claims from the stakeholders. The Company will give effect to the claims in its books of account in line with the resolution plan after it is sanctioned and taken up for implementation. <br /> <br /> (3) Regarding pending confirmation/reconciliation of balances of certain receivables, bank balances, payables, secured loans, contingent and other liabilities, loans and advances - impact unascertainable: <br /> <br /> Company Response: Except as mentioned in Note (3) above, Confirmation and reconciliation of balances were being carried out upto the commencement of CIRP on an ongoing basis and adjustments, if any, arising therefrom were accounted from time to time, and adjustments for transactions during CIRP are carried out as considered appropriate. <br /> <br /> (4) Regarding non provision of dimunition in carrying value of investment: <br /> <br /> Company Response: The accounting of investments is subject to reconciliation. <br /> <br /> (5) CIRP costs are fully accounted. <br /> 5. Approval of Resolution Plan under the Insolvency and Bankruptcy Code, 2016. <br /> <br /> The National Company Law Tribunal, Chandigarh Bench (Court-I) (“NCLT”), vide its order dated 16 April 2026 in IA(IBC)(PLAN)/1/(CH)/2025 read with IA No. 213/2026 and IA No. 46/2026 in CP(IB) No. 291/Chd/Chd/2018, approved the Resolution Plan submitted by M/s Mohini Health and Hygiene Limited (“Successful Resolution Applicant”) for M/s Winsome Yarns Limited (“the Company”). The Company was admitted into the Corporate Insolvency Resolution Process (“CIRP”) on 22 December 2023 pursuant to an application filed by Edelweiss Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”). <br /> <br /> The approved Resolution Plan, having a total value of Rs.162.90 crore, provides for resolution of the claims and liabilities of the Company in accordance with its terms, infusion of funds for revival and operations of the Company and implementation of the Resolution Plan over the period specified therein. The implementation of the Resolution Plan is to be undertaken in accordance with the terms of the approved Resolution Plan and the directions contained in the NCLT order, under the supervision of the Monitoring Committee. <br /> <br /> Pursuant to the approval of the Resolution Plan, the NCLT has, inter alia, directed that the crystallised and unclaimed liabilities of the Company as on the date of the order shall stand extinguished in accordance with the terms of the NCLT order and the Resolution Plan. The moratorium under Section 14 of the IBC ceased to have effect from the date of the NCLT order. The Company is in the process of implementing the approved Resolution Plan. The implementation of the Resolution Plan and the consequential actions arising therefrom will have an impact on the financial position, liabilities, operations and capital structure of the Company in accordance with the terms of the approved Resolution Plan and applicable laws and regulations. <br /> 6. The books of account of the Company drawn by its Board of Directors (powers suspended) upto the date of commencement of CIRP were handed over to the earlier RP and have been relied on by the RP for preparation of these financial results, which also include the period after commencement of CIRP and upto the end of calendar quarter under report, books of account whereof have been prepared under supervision and control of RP holding office for the time being in force. <br /> 7. The financial results for the quarter ended 30th June 2025 are being signed by the Directors presently in office, who have been appointed/reconstituted subsequent to the approval of the Resolution Plan. The financial results incorporate the financial information and transactions pertaining to the period prior to their appointment, including the period during which the Company was under CIRP and the affairs of the Company were under the control and supervision of the Resolution Professional. The present Directors have approved and signed these financial results based on the books of account, records, information and representations made available to them and in accordance with their duties and responsibilities under applicable law. <br /> 8. A theft has been reported in Transformer, with loss of Rs.59,20,000/- Approx., from its housing in the spinning mill complex of the Company situated at Village Kurranwala, Barwala Road, Dera Bassi, Punjab, and complaint is given for registering FIR at Dera Bassi Police station & subsequently Insurance claim has been filed with the Insurance company. <br /> 9. The company’s registered office had been got vacated (by the Chandigarh Administration) on 30.12.2024. We are in the process of identifying a new registered office. Presently we are working from our knitting unit situated at B-58, Industrial Area Phase-7, Mohali. <br /> 10. The figures for the previous quarter and year have been regrouped / rearranged, wherever necessary, to conform to the current period’s classification. <br /> 2025-04-012026-03-31AuditedStandalone22000001480000017000000001200000770000009800000035600000142500000-1255000000-1255000000000-1255000000000-1255000000-125500000707100000100-1.77-1.7700-1.77-1.77OTHER EXPENSES4600000OTHER EXPENSES3560000011635000000010000000026130000014249000001450000025680000012200000530000020510000004794000008600000246000005271000001952000000707100000-5204800000-4497700000-44977000000025400000320000028600000556580000072000002719000002791000005480000006392900000238000004400000642110000064497000001952000000Other non-current assets261300000Other current assets24600000Deferred grant income3200000Other financial liabilites548000000Other current liabilities22900000Deffered grant income90000001153000-1530000-35980008308000000-5260000-19290000983340000-1000000000000000000101489000-2401100000-12368000023557000-1282200000000000000000000000000000000012368000123680000000000000000000-4540000-454000210841000210387000000000AuditedQualified opinionDhana & Associatestrue2026-05-3117000000155000001425000003490400000-125500000-3473400000-1.77-49.1219520000001683100000644960000024857200000-4497700000-23174200000(i) In view of accumulated losses of the company as at the end of March 31, 2026, the net worth of the company as at that date being negative, continuous losses, negative cash flows and due to financial constraints, resignation of KMP and non-deposit of statutory dues on time, material uncertainty exists about the company ability to continue as going concern. The decision of management and RP of the company to prepare the accounts of the company on going concern basis for the reason mentioned in standalone financial result note no 4 there would arise a need to adjust the realizable value of assets and liabilities in the event of failure of assumptions as to going concern, and in the absence of impact of aforesaid assumptions having been un-ascertained, we are unable to comment thereon.Qualified opinionRepetitive(i) The management has prepared its Financial Statement on Going Concern basis- Refer Note No.4 of ResultsRefer details of audit qualification [para II(a) above] Refer details of audit qualification [para II(a) above] Refer details of audit qualification [para II(a) above] ii. Non-provisioning of interest expenses, of Rs 30,790.32 Lakhs on borrowings for the year ended on March 31, 2026 (Rs 26,433.97 lakhs for the year ended on March 31, 2025) and Rs 1,84,075.64 Lakhs being aggregate amount of interest un-provided till the year ended March 31, 2026 (Rs 1,53285.32 Lakhs till the year ended March 31, 2025), and further amount towards penal interest, penalty, etc. as may be charged by the lenders. (In the absence of statement of account, the above amount has been arrived at as per estimates of the Company, and the aggregate un-provided amount in books of account of the Company is not ascertainable with accuracy). <br /> b) Non-provisioning against long outstanding receivables of Rs. 120.16 Lakhs which is overdue for more than 365 days. Further Re-instatement of few debtors, advance from customers, creditors for export, etc. on exchange fluctuation is not recognized in line with Ind AS - 21 “The Effects of changes in Foreign Exchange Rates” the effect of which we are unable to comment. <br /> Qualified opinionRepetitive(ii) Regarding non-provision of interest expenses, penal interest, penalty, etc. in respect of borrowings of the Company from banks - As stated in Note No. 3.15 of the Audited Financial Statement, The operating losses suffered by the Company for reasons beyond control of the Company, including due to non-performance of commitments and obligations by the lenders of the Company, consequently led to financial stress being faced by the Company. The unilateral recall of borrowings by the lenders and followed by lock downs to contain the spread of pandemic of Covid-19, resulted in an alleged claim of an unpaid principal and overdue interest . <br /> <br /> Provision for upto date interest,has not been made in the books of account, and disputing the liability of the Company in its borrowings, it had filed a counter claim against the lenders, which is for an amount larger than the amount claimed by the lenders and the matter is pending <br /> adjudication before the Hon’ble Debt Recovery Tribunal, Chandigarh. <br /> <br /> The Company will account the effects of payment of restructured liabilities on approval of resolution plan or otherwise on failure of insolvency proceedings and during liquidation of the Company <br /> Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above](iii) The Internal Control Systems need to be further strengthened in order that they are commensurate with the size of the Company and the nature of its business, more particularly in areas of, purchases and consumption of materials, charging of expenses, set-off of balances, and invoicing of sale of goods and servicesQualified opinionRepetitive(iii) Regarding further strengthening the system of internal controls – Necessary steps have been initiated by the Company to further strengthen the system of internal controls w.r.t. purchases and consumption of inventory, booking of expenses, set off of balances, for the sale of goods and services, etc.Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above](iv) As per the information given to us, the carrying value of investments have not been marked to realizable value, which if accounted would result in Investments reducing by Rs. 2568.41 Lakhs and Loss of the year ended 31.03.2026 increasing by Rs. 2568.41 Lakhs. Qualified opinionRepetitive(iv) Regarding non provision of dimunition in carrying value of investment : Company response : The changes in value of investments will be accounted for after reconciliation.Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above](v) Confirmation of balances and reconciliation thereof with respective parties are pending, which include balances pertaining to, accounts receivable and accounts payable, bank balances (including FDR), other current and non-current assets, advance for leasing, security deposit, secured loans, other liabilities, provisions, and contingent liabilities. All balances and disclosures have been certified by the management of the Company. In the absence of the Company having aforementioned details and confirmations, the impact thereof is unascertainable, and therefore, not being commented. Further strengthening of internal controls by the Company will provide greater reliability. Qualified opinionRepetitive(v) The balances of certain Trade Receivables , Bank Balances including other bank balances, Investments,Trade Payables , Secured Borrowings, Other Financial Liabilities and Financial Assets including other current assets are subject to reconciliation. Contingent liabilities (read with note no. 3.1) are as as certified by the management. Further, necessary steps have been initiated to further strengthen system of internal controls in this regard.Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above](vi) As per the information given to us, In reference to note no. 13 of financial Statements, we draw attention to the users of the financial statement for the year ended on 31st March, 2025. Fixed Deposit with Canara Bank Amount of Rs 30.66 lakhs had been made for Margin Money for issuing Bank Guarantee, which was adjusted against the dues of working capital outstanding at the time of Account becoming NPA, has not been accounted for as it will change note in Financials of the borrowing amount as per books. We are unable to comment upon possible impact in the standalone financial statements for the year 31st March, 2025.Qualified opinionRepetitive(vi) This Fixed Deposit had been made for Margin Money for issuing Bank Guarantee, Which was adjusted against the dues of working capital outstanding at the time of Account becoming NPA, has not been accounted for as it will change note in Financials of the borrowing amount as per books.The above amount is not recoverable .Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Refer details of audit qualification [para II(a) above]Manish BagrodiaSanjay SharmaMahesh FoglaDhana & AssociatesAnil Kohli, Resolution ProfessionalChandigarh2026-08-2955657630005565763000005565763000