Pursuant to the discrepancy received via email, resubmitting herewith the quarterly financial results along with the limited review report (Standalone & Consolidated), for the second quarter ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Trade Wings Limited has resubmitted its unaudited financial results for the second quarter ended September 30, 2025, after addressing a discrepancy flagged via email by BSE. Both standalone and consolidated results, along with limited review reports from A N Shah & Associates (signed by CA Akash Shah), have been filed. The auditor issued an unqualified review opinion on both sets of results, meaning no material misstatements were found. The consolidated report covers Trade Wings Limited (holding) and its subsidiary Trade Wings Hotels Limited. Notably, the subsidiary reported a net loss after tax of Rs.179.90 lakhs for the half-year period, with total revenues of Rs.1,308.89 lakhs and total assets of Rs.2,190.64 lakhs. The subsidiary's financials were reviewed by a separate auditor and relied upon by the principal auditor.
For shareholders, the clean (unqualified) review opinion is reassuring on accuracy, but the subsidiary's Rs.179.90 lakh loss is a concern and may weigh on consolidated profitability. The fact that the results had to be resubmitted due to a discrepancy could raise minor governance questions, though the auditor's confirmation that nothing is materially misstated limits the damage.