NEWEVER TRADE WINGS LIMITED

Board Meeting Details & Outcomes

The Board of Directors meeting was held on Friday, November 13, 2026, commencing at 07:30 P.M. and concluding at 9:30 P.M. at the company's corporate office in Mumbai.

The Board considered and approved the following matters:

1. The Unaudited Standalone Financial Results of the Company for the Quarter and half year ended September 30, 2026, along with the Limited Review Report (LRR) issued by the statutory auditor, Lipika and Associates.

2. The shifting of the company's registered office within the state and local limits of West Bengal, from 238B, A.J.C Bose Road, Unit 4b, Fourth Floor, Kolkata - 700020 to Flat No. 1D,9, Sunny Park, Ballygunge, West Bengal, Kolkata- 700019.

Limited Review Report Summary

Lipika and Associates (FRN: 145364W), represented by Partner Jayesh R Shah (M. No. 173963), issued a Limited Review Report on the unaudited financial results. The review was conducted pursuant to Standard on Review Engagements (SRE) 2410. The auditor's conclusion states: "nothing has come to our attention that causes us to believe that the accompanying Statement... has not disclosed the information required... or that it contains any material misstatement." The report is dated November 13, 2026.

Unaudited Standalone Financial Results (Half-Year Ended 30th September, 2026)

(All figures in ₹ Lakhs, unless stated otherwise)

Income Statement Highlights (Half-Year Ended 30.09.2026 vs. Year Ended 31.03.2026):

  • Revenue from operations: ₹0.00 (Unaudited) vs. Not Disclosed in provided data (Audited)
  • Other Income: ₹0.00 (Unaudited) vs. Not Disclosed (Audited)
  • Total Income: ₹0.00 (Unaudited) vs. Not Disclosed (Audited)
  • Total Expenses: ₹3.49 (Unaudited) vs. ₹51.03 (Audited)
  • Breakdown of Expenses (H1 FY26):
  • Other expenses: ₹3.49
  • All other expense line items (Cost of materials, employee benefits, finance costs, depreciation, etc.): ₹0.00
  • Profit/(Loss) before tax: (₹3.49) (Unaudited) vs. (₹51.03) (Audited)
  • Tax Expense: ₹0.00
  • Profit/(Loss) for the period: (₹3.49) (Unaudited) vs. (₹51.03) (Audited)
  • Total Comprehensive Income for the period: (₹3.49) (Unaudited) vs. (₹51.03) (Audited)
  • Paid-up Equity Share Capital: ₹2394.52 Lakhs (Face Value ₹10 per share)
  • Earnings Per Share (EPS) (not annualised):
  • Basic: (₹0.01)
  • Diluted: (₹0.01)

Balance Sheet Position (as at 30th Sept. 2026 vs. 31st March 2026):

  • Total Assets: ₹132.17 Lakhs (Unaudited) vs. ₹131.73 Lakhs (Audited)
  • Current Assets: ₹132.17 Lakhs (Unaudited) vs. ₹131.73 Lakhs (Audited)
  • Breakdown of Current Assets:
  • Cash and cash equivalents: ₹3.26 Lakhs
  • Other Financial Assets: ₹121.68 Lakhs
  • Current tax assets: ₹0.48 Lakhs
  • Other Current assets: ₹6.76 Lakhs (Unaudited) vs. ₹6.32 Lakhs (Audited)
  • Total Equity: ₹44.16 Lakhs (Unaudited) vs. ₹47.64 Lakhs (Audited)
  • Equity Share Capital: ₹2394.52 Lakhs
  • Other Equity: (₹2350.36) Lakhs (Unaudited) vs. (₹2346.88) Lakhs (Audited)
  • Non-Current Liabilities: ₹73.31 Lakhs (Unaudited) vs. ₹23.05 Lakhs (Audited)
  • Financial liabilities: ₹73.31 Lakhs (Unaudited) vs. ₹23.05 Lakhs (Audited)
  • Current Liabilities: ₹14.71 Lakhs (Unaudited) vs. ₹61.04 Lakhs (Audited)
  • Other current liabilities: ₹14.71 Lakhs (Unaudited) vs. ₹61.04 Lakhs (Audited)

Cash Flow Statement (Half-Year Ended 30th Sept. 2026):

The cash flow statement provided is largely incomplete for the current period, with most line items blank.

  • Net Profit before tax and extraordinary items: (₹3.49)
  • Changes in other current assets: (₹0.44)
  • Changes in other current liabilities: (₹46.33)
  • Net Cash from Operating Activities: Not calculable from provided data.
  • Net Cash from Investing Activities: ₹0.00
  • Net Cash from Financing Activities: ₹0.00
  • Cash and cash equivalents at period end: ₹3.26 Lakhs (Unaudited) vs. Opening balance of ₹3.26 Lakhs.

Additional Notes from Financial Results

  • Investor Complaints: There were no pending, received, disposed of, or unresolved investor complaints during the quarter.
  • Suspension and Relisting: The company had been suspended by BSE Limited with effect from February 1, 2019. The company filed an appeal (Appeal No. 428 of 2025) with the Securities Appellate Tribunal (SAT). SAT, vide its order dated July 14, 2026, directed BSE to relist the company and permit trading in its securities.
  • Accounting Standards: The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
  • Segment Reporting: The company is engaged solely in trading activities and has only one reportable operating segment.
  • Previous Period Figures: Previous period/year figures have been regrouped wherever necessary for accurate comparison.