Newever Trade Wings flagged with qualified audit opinion; FY26 zero revenue and loss of 52.18 lakhs

Newever Trade Wings auditor PAMS and Associates issued a qualified opinion for FY26. Turnover was nil, expenses 51.03 lakhs, net loss 52.18 lakhs with EPS minus 0.22. Net worth stands at 47.64 lakhs. Qualifications cover missed AGM and board meetings, delayed filings, LODR non-compliance, and unverifiable prior period balances. Management blames SARFAESI action by a bank restricting access to its own books. The stock remains delisted on BSE, with relisting pending at SAT.