Newever Trade Wings Ltd: Auditor, MD, CFO, Director Appointments
Newever Trade Wings Ltd announced outcomes of its Board Meeting held on August 5, 2026. Key decisions included accepting the resignation of statutory auditors M/s. PAMS & Associates due to geographical constraints and proposing the appointment of M/s. Lipika and Associates as new statutory auditors for a five-year term starting FY2026-27. The board also approved the appointment of Mr. Nitin Oza as Internal Auditor for FY2026-27. Furthermore, Mr. Manoj Batham was appointed as Additional Director (Executive-Managing Director) and Chief Financial Officer (CFO) for a three-year term, effective August 5, 2026. The meeting also saw the appointment of three Additional Directors (Non-Executive-Independent Directors): Mr. Navneet Khare, Mr. Saroj Kumar Choudhury, and Ms. Iranee Tripathy, each for a five-year term.
Key Highlights
- Resignation of statutory auditors accepted; new auditors proposed.
- Appointment of Internal Auditor approved for FY2026-27.
- Mr. Manoj Batham appointed as MD and CFO.
- Three new Independent Directors appointed for five-year terms.
- Appointments are subject to member approval at the upcoming AGM.
Price Impact
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