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Mohini Health & Hygiene Limited's Board of Directors convened on May 01, 2026, at the company's office in Indore, Madhya Pradesh, to deliberate on key strategic initiatives.
MHHL's Resolution Plan for Winsome Yarns was approved by NCLT Chandigarh on April 16, 2026.
KEY POINTS
- Winsome Yarns' creditors face a significant haircut, receiving ₹162.90 Crore for ₹1,926.88 Crore in claims.
- Acquisition will be via an SPV where MHHL owns 51%, with 95% of Winsome Yarns' shares allotted.
- Funding includes MHHL internal accruals and a ₹154 Crore term loan from Union Bank of India.
- Board approved seeking SEBI open offer exemption under Regulation 10(1)(d) for this transaction.
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