BSENewever Trade Wings LtdHighNeutral
Announced Mon, 24 Aug, 2026 · 20:38 IST
Newever Trade Wings FY26 loss widens to 51L; auditor flags going concern
Going ConcernQualified OpinionEmphasis Of MatterPat NegativeNegative Operating CashflowRelated Party TransactionsResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Newever Trade Wings posted zero revenue in FY26 with a net loss of Rs 51.03 lakh, worsening from Rs 6.42 lakh loss in FY25. Auditor PAMS and Associates gave a qualified opinion citing non-compliance with the Companies Act, missed AGM filings, and incomplete records. A material going concern uncertainty was flagged as accumulated losses of Rs 2,346.88 lakh eroded net worth to just Rs 47.64 lakh. Business remains largely suspended after ICICI Bank SARFAESI action.
Likely market impact
Stock remains delisted; qualified audit opinion and going concern flag indicate severe financial distress for existing shareholders.