Trade Wings Ltd. — Board/Management Information 2021

Jan 19, 2021

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Date: 18[th] January, 2021

To,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001.

Dear Sir/Madam,

SUBJECT: APPOINTMENT OF NON-EXECUTIVE ADDITIONAL DIRECTOR OF THE COMPANY. REF : TRADE WINGS LIMITED (SCRIP CODE: 509953)

In term of regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of Board of Directors was held on Monday, 18th January, 2021, at 05.00 p.m. at the Corporate Office of the Company situated at 18/20, K. Dubash Marg, Kalaghoda, Fort, Mumbai - 400 001 and concluded at 05.30 p.m. to consider and approve the Appointment of Mr Hemant Ramdas Panchal as NonExecutive Additional Director (DIN: 0860286) of the Company under section 161(1) of the Companies Act, 2013.

Further, the Board of Directors would like to inform that Mr Hemant Ramdas Panchal (DIN: 0860286) was appointed as Non-Executive Additional Director with effect from 13[th] November, 2019 by the Board of Directors on the recommendations of Nomination and Remuneration Committee pursuant to the provisions of sub-section (1) of section 161 of the Companies Act, 2013 which states that person who has been appointed as an additional director shall hold office up to the date of the next Annual General Meeting or the last date on which the Annual General Meeting should have been held, whichever is earlier.

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As the Company is mainly in business of Aviation, Tour And Travel, business operations of the Company has been affected adversely due to the COVID-19 pandemic, nationwide lockdown & with a sudden demise of the senior partner of the Statutory Auditors Firm of our company on 26[th] October, 2020 resulted in the inability of the Company to hold its Annual General Meeting for financial year 2019-2020 within the statutory timelines or extended timelines (i.e. 31.12.2020) by Registrar of Companies, Goa vide general order dated 08[th] September, 2020. In view of the above circumstances, Mr Hemant Ramdas Panchal (DIN: 0860286) has vacated his office as Non-executive Additional Director with effect from 31.12.2020 i.e. the last date on which the Annual General Meeting should have been held for financial year 2019-2020. The vacation of office of Mr. Hemant Panchal was noted by the Board in its Meeting held on 12[th] January, 2021 and BSE Ltd. was intimated about the said change pursuant to Regulation 30 of the SEBI (LODR), within the statutory timeline.

Further, Mr Hemant Ramdas Panchal (DIN: 0860286) has been appointed as Non-Executive Additional Director with effect from 18[th] January, 2021 by the Board of Directors.

Enclosed herewith please find the Board Resolution passed by the Directors of the Company, for your reference.

Kindly take the above on record.

Thanking You,

Yours faithfully,

For and on behalf of TRADE WINGS LIMITED

Zurica Kevin Pinto Company Secretary and Compliance Officer Membership Number: A27623

Place: Mumbai

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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF TRADE WINGS LIMITED HELD ON MONDAY, 18[TH] JANUARY, 2021 AT 5:00 P.M. AT THE CORPORATE OFFICE OF THE COMPANY SITUATED AT 18/20, K. DUBASH MARG, KALAGHODA, FORT, MUMBAI - 400 001

APPOINTMENT OF MR. HEMANT RAMDAS PANCHAL (DIN: 08602861) AS NON EXECUTIVE ADDITIONAL DIRECTOR

RESOLVED THAT pursuant to the provisions of Section 161, 152 and 164 read with Companies (Appointment and Qualification of Directors) Rules, and any other applicable provisions of the Companies Act, 2013 and the rules framed thereunder (including any statutory modifications or re-enactment thereof) for the time being in force, the consent of Board be and is hereby accorded to appoint Mr. Hemant Ramdas Panchal (DIN: 08602861) as Non- Executive Additional Director on the Board of the Company with immediate effect, who shall be liable to retire by rotation at every Annual General Meeting and he shall hold the office upto the date of next Annual General Meeting.

RESOLVED FURTHER THAT any Director of the Company be and is hereby authorised severally to do all such acts, deed, things, matters to give effect to the said resolution including but not limited to filing of relevant e-forms with the Registrar of Companies and to do all the necessary actions for giving effect to the said resolution.

// CERTIFIED TRUE COPY //

FOR TRADE WINGS LIMITED

_____ ZURICA KEVIN PINTO COMPANY SECRETARY MEMBERSHIP NUMBER: A27623

DATE: 18[TH] JANURY, 2021 PLACE: MUMBAI

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