Mohini Health & Hygiene Limited — Important, 20-04-2026: Disclosure of material issue
Mohini Health & Hygiene (MHHL) gets NCLT nod to acquire Winsome Yarns Ltd. (WYL), a textile manufacturer. 🚀
**Issue:** MHHL is acquiring a financially distressed company, Winsome Yarns Ltd. (WYL), which has been undergoing a Corporate Insolvency Resolution Process (CIRP).
**Possible Impact:** This strategic move allows MHHL to achieve backward integration and economies of scale. By acquiring WYL's assets at an "attractive valuation" through the insolvency process, MHHL expands its presence in the textile manufacturing sector. WYL, which reported a recent annual turnover of Rs. 4.19 Cr and a Net Worth of Rs. -437.21 Cr, presents a turnaround opportunity for MHHL.
**Company’s Response:** MHHL's resolution plan, now approved by the NCLT, involves acquiring a 95% stake in WYL for Rs. 162.90 Cr in cash. The acquisition is expected to be completed within 365 days.
Keep an eye on this growth play! #MHHL #Acquisition
