Trade Wings Limited approved its audited standalone and consolidated financial statements for the financial year ended March 31, 2026, during its 76th Annual General Meeting held on September 24, 2026. The members also passed resolutions for the re-appointment of a director and the shifting of the company's registered office.

The meeting, chaired by Shailendra P. Mittal, Chairman and Managing Director, was held in Panaji, Goa. Due to low attendance, only five members were present in person, with no proxies or video conference participants. The quorum was deemed present as per regulatory requirements.

Key resolutions approved

The following ordinary and special resolutions were adopted by the requisite majority:

Scrutinizer report and voting details

The company submitted the Consolidated Scrutinizer's Report to BSE Limited on September 25, 2026. Harshika D. Bhadricha, Partner at GHV & Co., served as the scrutinizer. The report detailed the voting process for all five items on the agenda.

Voting was conducted through electronic means (e-voting) and a poll at the meeting. The remote e-voting period remained open from September 21, 2026, to September 23, 2026. Two members voted through e-voting, while five members voted through the poll at the venue.

For each of the five resolutions, the voting results were identical:

The total number of valid votes cast across all resolutions was 22,49,165 shares. Specifically, 22,49,164 votes were cast in favour and 1 vote against for each item. There were no invalid votes recorded for any resolution.

Shareholder participation breakdown

Data disclosed in the scrutinizer report highlights the concentration of voting power among promoters. Out of 847 shareholders on record, only 5 participated in the AGM (3 promoters/promoter group and 2 public shareholders). No shareholders attended via video conferencing.

The voting pattern for all five resolutions remained consistent across shareholder categories:

Promoters voted exclusively through the poll at the venue, casting 22,49,060 votes in favor with zero opposition. The single dissenting vote originated from public non-institutional investors via e-voting.

Auditor observations and trading status

During the proceedings, the Chairman addressed an observation from the Secretarial Auditor regarding past charges still reflected as active on the MCA portal. Mittal stated that the company is actively obtaining no-dues certificates and closure documents from successor banks to update these records.

Additionally, the company informed members that the suspension of trading in its equity shares was revoked by BSE Limited effective October 8, 2025. This development marks a return to normal trading operations following a period of suspension.

Compliance and next steps

The scrutinizer confirmed that the electronic data and relevant records relating to e-voting are under safe custody and will be handed over to the Company Secretary after the Chairman approves the minutes. The results have been uploaded to the company website and communicated to stock exchanges as required.

Trade Wings has confirmed the schedule for its 76th Annual General Meeting, set for September 24, 2026, in Panaji, Goa. Remote e-voting will open on Monday, September 21, at 10:30 am and close on Wednesday, September 23, at 5:00 pm.

The company published the notice of the meeting in Times of India (Goa edition) and Pudhari (Goa edition) on September 3, 2026. Dr. Shailendra Mittal, Chairman and Managing Director, signed the intimation dated August 31, 2026. The annual report and financial statements for the year ended March 31, 2026, were dispatched to members by August 30, 2026.

Upcoming AGM Details

The meeting is scheduled for Thursday, September 24, 2026, at 10:30 am at the company's registered office: 1st Floor, Naik Building, Opposite Don Bosco High School, Mahatma Gandhi Road, Panaji, North Goa. Shareholders holding shares as on the record date of September 17, 2026, are eligible to vote.

The register of members and share transfer books will remain closed from Friday, September 18, to Thursday, September 24, 2026 (both days inclusive), pursuant to Section 91 of the Companies Act, 2013.

Central Depository Services (India) Limited (CDSL) will facilitate the e-voting process via its platform at www.evotingindia.com . Ms. Harshika D. Bhadracha, Partner at M/s. GHV & Co, Practising Company Secretaries, Mumbai, has been appointed as the scrutinizer.

Key Agenda Items

The board has proposed two special resolutions alongside ordinary business items. The meeting will address the relocation of the registered office and the ratification of managerial remuneration for FY25.

Registered Office Relocation

The company seeks approval to shift its registered office from North Goa to Bogmallo Beach Resort in South Goa. The move aims to improve administrative efficiency and align with operational requirements. The new location remains within the same Registrar of Companies jurisdiction.

Remuneration Ratification

Shareholders will consider waiving the recovery of excess remuneration paid to directors during FY25. The amounts involved are ₹14.40 lakh per annum for Managing Director Dr. Shailendra Mittal and ₹7.62 lakh per annum for Non-Executive Director Mr. Hemant Panchal. The payments exceeded limits under Section 197 of the Companies Act, 2013.

Dr. Shailendra Mittal and Mr. Hemant Panchal are interested parties in the remuneration resolution. No other directors or key managerial personnel have a financial interest in these proposals.

E-Voting Process

Members who have already cast their vote through remote e-voting may attend the AGM but will not be entitled to vote again. Poll papers will be available at the venue for members attending physically who have not voted remotely. Once a vote is cast remotely, it cannot be changed.

Members holding shares in demat mode are requested to update their email IDs with their depository participants. Those holding physical shares should contact the Registrar and Transfer Agent, M/s. Bigshare Services Private Limited. For queries, members may contact CDSL’s helpdesk at 1800225533 or email helpdesk.evoting@cdslindia.com .