WINSOMYARN

Winsome Yarns Limited has informed the Exchange that a Wholly Owned Subsidiary of the Company namely Winsome Yarns (Cyprus) Limited has floated a 100% Wholly Owned Subsidiary in Hamriyah Free Zone in United Arab Emirates (U A E) under the name & style of "Winsome Yarns FZE".

Winsome Yarns Limited has informed the Exchange that the Luxembourg Stock Exchange vide its letter dated March 30, 2011 has confirmed that the 1994125 Global Depository Receipts have been officially listed on the Euro MTF market since March 30, 2011.

Winsome Yarns Ltd has informed the Exchange that: "The Board of Directors, vide circular resolution No. 1/2009 dated 23.02.2009 have decided to withdraw the Preferential Allotment of 15500000 Convertible Warrants, as HDFC Bank had not issued the letter of undertaking for non-disposal of 1800000 equity shares of one of the promoter."

Winsome Yarns Ltd has informed the Exchange that "As a step towards cost effectiveness, the company undertook installation of five Mini Hydro Power Projects in Punjab with total power potential of 3900 KW, allotted by Punjab Energy Development Board (PEDA). The civil work at all the five sites is under progress. We expect to start commercial production at first site at Barewal by February, 2009 and at other sites subsequently in next six months. With the commissioning of these projects the company expects considerable improvement in the profits".