In terms of Regulation 33 and Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform to ....
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Trade Wings Ltd held its Board meeting on May 27, 2026, and approved the audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue grew 6.15% to Rs. 22,594.56 lakhs, while consolidated revenue increased 4.93% to Rs. 26,210.99 lakhs. Standalone PAT jumped 98% to Rs. 113.43 lakhs, but consolidated PAT declined 37% to Rs. 239.37 lakhs due to higher expenses in the subsidiary. The auditors issued an unqualified opinion but drew an Emphasis of Matter regarding no impairment provision for investment in subsidiary Trade Wings Hotels Ltd. The company also recognized an additional provision of Rs. 70.34 lakhs due to new labour codes implementation. Ms. Paridhi Somani was appointed as President of the company.
Standalone PAT growth is strong at 98%, but the consolidated entity shows declining profitability and negative equity of Rs. 915.67 lakhs, indicating balance sheet stress at the group level. The Emphasis of Matter on subsidiary investment impairment is a red flag for investors.