Pursuant to Regulation 34 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, the Company hereby submits the Annual Report for the financial year 2024-25.
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Trade Wings Limited has submitted its 75th Annual Report for FY 2024-25 to BSE under Regulation 34 of SEBI LODR Regulations. The company's turnover rose modestly to Rs 21,244.47 lakhs in FY25 from Rs 20,834.46 lakhs in FY24, while net profit jumped sharply to Rs 57.21 lakhs from Rs 5.76 lakhs — roughly a 10x increase. Net worth stood at Rs 169.39 lakhs. The 75th AGM is scheduled for September 24, 2025 at the registered office in Panaji, Goa, with e-voting via CDSL. Key resolutions include re-appointment of Dr. Shailendra P. Mittal (age 72) as Chairman & Managing Director for another 5 years at a proposed salary of up to Rs 10 lakh/month, ratification of director remuneration paid in FY25, and appointment of M/s A N Shah & Associates as new statutory auditor for 5 years.
Strong profit recovery signals improving operational health, though turnover growth remains flat (~2%). Shareholders should note the proposed 8x jump in CMD remuneration (from Rs 14.4 lakh/year to a proposed Rs 1.2 crore/year ceiling) and the change in statutory auditor, both subject to AGM approval.