StockWatch
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Trading & Distributors
Auditor5 Aug 2026, 08:50 pm

Newever Trade Wings Appoints Lipika & Associates as Statutory Auditor for 5 Years

AI Summary

Newever Trade Wings Ltd announced the appointment of Lipika and Associates as its new Statutory Auditor for a term of 5 years, commencing from the Financial Year 2026-2027 to 2030-2031. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. The previous auditor, M/s. PAMS & Associates, resigned due to geographical constraints. The company also approved the appointment of Mr. Manoj Batham as Managing Director and CFO, and Mr. Navneet Khare, Mr. Saroj Kumar Choudhury, and Ms. Iranee Tripathy as Additional Independent Directors.

Key Highlights

  • Lipika and Associates appointed as Statutory Auditor for five years.
  • Previous auditor resigned due to geographical challenges.
  • Board approved appointment of MD, CFO, and three Independent Directors.
  • Key appointments subject to shareholder approval at the AGM.