18120, Bhogilal Building 2nd FIJ1r.

t
K. Dubash Marg, Kala Ghoda,
Fort, Mumbai - 400 023. INDIA
Phone : +91 (022) 4230 9455
Fax: +91 (022) 2204 6053
Email: companysecy@twltravel.com
Website: www.tradewings.in

Date: February 8, 2017

To,
The Deputy Manager Fax No: 22721911
Corporate Relations Department,
BSE Limited
P.]. Towers, Dalal Street,
Mumbai - 400001

Dear Sir,

Ref No: - Scrip Code: 509953

Sub: Outcome of the Board Meeting which was originally held on February 6, 2017
and adjourned to February 8, 2017

In terms of Regulation 30 read with Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you
that the meeting of the Board of Directors of our Company which was originally held
on Monday, February 6, 2017 at 3:00 p.m. at the Corporate Office of the Company,
situated at 18/20, K. Dubash Marg, Kalaghoda, Fort, Mumbai - 400 023 and whiah
was adjourned to Wednesday, February 8, 2017 at 3:00 p.m, was held today at tJe
time scheduled for meeting, and concluded at 4:00 p.m. at the Corporate Office of the
Company, situated at 18/20, K. Dubash Marg, Kalaghoda, Fort, Mumbai - 400 023,
wherein the following business was inter-alia transacted:

1. Considered and approved the Un-audited financial results of the Company for
the third quarter and nine months ended December 31,2016.

2. Considered the Limited review report for the third quarter ended December 3:1,
2016.

Further, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, the un-audited financial results of the Company for

Registered Office: 6, Mascarenhas Iktlldlng, M. G. Road, Pan)1Goa 403 001. India.

CIN: L63040GA1949PLC000168
the third quarter and nine months ended December 31, 2016 and the limited review
report are enclosed herewith.

Kindly take the same on your record and display the same on the website of you
Stock Exchange.

Thanking you,

Yours faithfully,

Dr. Shai dra P. Mittal

DIN: 00221661
Chairman and Managing Director
Address: 62-A, Mittal Bhavan, Pedder Road, Mumbai - 400026

Place: Mumbai
 I
18120, Bhogilal Building 2nd FIJr.,

t
~ [;? K. Dubash Marg, Kala Ghoda,
Fort, Mumbai 400 023. INDIA
l!/!'flltllllI)'trlllnp Phone : +91 (022) 4230 9455
Fax: +91 (022) 22046053
LIMITED Email: companysecy@twltravel.com
Website: www.tradewings.in

Trade- Wings Limited

Regd. Office: 6, Mascarenhas Building, M. G. Road, Panajl, Goa, 403 001
Unaudited Financial Results for the Quarter ended December 31, 2016
(Rs in Lakhs)
Unaudited Audited for
the Year
Sr. No. Particulars Quarter ended Nine Months ended Ended
31122016 30092016 31122015 31122016 31122015 31032016
Income from operations:
I a. Net Salesllncome form Operations 426.94 383.62 343.71 1339.23 1096.80 1679.07
b. Other operating Income 45.11 89.30 60.65 144.86 153.16 5754
Expenditure:
a. Employees cost 188.Q7 197.27 187.92 559.47 552.05 692.78
b. Decreciauon 15.00 15.00 16.26 45.00 46.82 65.65
2 607.79 828.8\1
c. Other Expenditure 234.22 209.98 184.43 800.29
Total Expens .. 437.29 422.25 388.61 1404.76 1206.66 1587.32

Profit from Operations before other Income, Finance Cost & Exceptionat 79.33 43.30 149.29
3 34.76 50.67 15.75
Items (12)
4 Other Income 20.83 5.03 46.40 84.72 77.63 97.03
5 Profit before interest & Exceptional Items 13+4) 55.59 55.70 62.15 164.05 120.93 246.32
6 Finance Cost 50.30 49.75 51.70 155.90 151.23 210.62
7 Profit .ner interest but before Elceptio.alltems (5-6) 5.29 5.95 10.45 8.15 -30.30 35.70
8 Exceptional Items 0.00 0.01 0.00 0.00 0.00 0.00
9 Profit(+)ILoss() from Ordinary Activities before tal (7+81 5.29 5.96 10.45 8.1S -30.30 35.70
10 Tax expenses 0.00 0.00 0.00 0.00 0.00 -14.77
II Net Profit(+)/Loss(-) from Ordinary Activities after t8l(9.10) 5.29 5.96 10.45 8.15 30.30 I 50.47
12 Extraordinary item (net of tax expenses) 0.00 0.00 0.00 0.00 0.00 0.00
13 Net Profit (+) I Lo.. (.) for the period (11-12) 5.29 5.96 10.45 8.15 -30.30 50.47
14 Paid-up equity share capital (Face value: Rs. I01- per shares) 30.00 30.00 30.00 30.00 30.00 30.00
Reserves excluding Revaluation Reserve as per balance sheet of previous 323.87 297.70 329.17 297.70 321.01
15 329.17
accountin s vear
16 (i) Earnings per Share (EPS) (before extra ordinary Items) (Rs. 10/ each)
Inot annualisedl
(a) Basic 0.18 0.20 0.35 0.27 -1.01 1.68
(b) Diluted 0.18 020 0.35 0.27 -1.01 1.68
16(ii) Earnings per Share (EPS) (aner extra ordinary ltems] (Rs. 10/- eacb)
(a) Basic 0.18 0.20 0.35 0.27 -1.01 1.68
(b) Diluted 0.18 0.20 0.35 0.27 -1.01 1.68

Notes:
(I) The above financial results were reviewed by the Audit Committee at its meeting held on February 8, 2017 & taken on record by the Board of Directors
at its meeting held on February 8, 2017.
(2) No Investors' complaints were pending al the beginning of the quarter. During the quarter. no investor complaints were received.
No investers complaints were pending at the end of the quarter.
(3) Previous years figure have been regrouped wherever necessary.

For Tr~e-WiGited

Dr.~1ittal
Dale: February 08,2017 DIN:00221~
Chairman and Managing Director
Place: Mumbai

Registered Office: 6, Mascarenhas Building, M. G_ Road, Panjl Goa - 403 001_ India.
CIN: L63040GA1949PLC000168
S OSH SHAH & ASSOCIATES
Cha red Accountants
B/s6-212,SiddharthNagar2, BehindChetanyaBldg.,Off. S.V.Road,GoregaonWest,Mumbai400104,
M . : LL6L630O.:2876L133

Limited ReviewReport

Reportto the Boardof Directorsof the Company,

We reviewedthe accompanying
statementof unauditedfinancialresultsof TMDE wlN6s LIMITED for
the rter and Nine months ended 31't December, 2OL6. This statement is the responsibilityof
t ny'sManagement andhasbeenapproved bythe Boardof Directors.
Ourresponsibility
isto issue
are on thesefinancial
statementsbasedon ourreview.

We uctedour reviewin accordance

with the Standard
on ReviewEngagement
(SRE)
24tO,Engagements
to R' w FinoncialStatementsissuedby the Institute of CharteredAccountantsof India. This standard
requi that we plan and perform the reviewto obtain moderateassuranceas to whetherthe financial
statem are free of material misstatement.A review is limited primarily to inquiriesof company
person I and analytical
procedures appliedto financialdata and thus provideslessassurance than an
audit. e havenot performedan audit and accordingly,
we do not expressan auditopinion.

Based n our reviewconducted

asabove,nothinghascometo our attentionthat causes
usto betieve
that
the mpanying statement of unaudited financial results prepared in accordancewith applicable
accou ing standardsand other recognizedaccountingpracticesand policies has not disclosedthe
ion required to be disclosedin terms of Regulation33 of the SEB!(ListingObligationsand
Di re Requirements) Regulations,
2015 includingthe manner in which it is to be disctosed,
or that it
contai anymaterial misstatement.

For Shah& Associates

Cha d Accountants

SAN A.SHAH'
Partner
Mem ip No.46548
Firm tion No. LZLTLLW
Mum
Date: n February,2OLT