StockWatch
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Trading & Distributors
Board Meeting5 Aug 2026, 09:11 pm

Newever Trade Wings Appoints New Auditors, MD, CFO, and Directors

AI Summary

Newever Trade Wings Ltd announced key changes following a Board Meeting held on August 5, 2026. The company accepted the resignation of its statutory auditors, M/s. PAMS & Associates, citing geographical constraints. M/s. Lipika and Associates have been proposed as the new statutory auditors for a five-year term, subject to member approval. The board also appointed Mr. Nitin Oza as Internal Auditor for FY2026-27. Significant management changes include the appointment of Mr. Manoj Batham as Additional Director (Executive-Managing Director) and Chief Financial Officer (CFO) for a three-year term, also subject to member approval. Additionally, Mr. Navneet Khare, Mr. Saroj Kumar Choudhury, and Ms. Iranee Tripathy were appointed as Additional Non-Executive Independent Directors for five-year terms.

Key Highlights

  • New statutory auditors proposed; existing auditors resigned due to geographical issues.
  • Mr. Manoj Batham appointed as Managing Director and CFO.
  • Three new Independent Directors appointed to the board.
  • Appointments are subject to shareholder approval at the upcoming AGM.
  • Internal Auditor appointed for the financial year 2026-2027.