Hexa Tradex approves FY26 results and re-appoints auditors
Hexa Tradex Limited's 15th Annual General Meeting on June 24, 2026, resulted in the approval of audited financial statements for FY26 and the re-appointment of M/s Lodha & Co LLP as statutory auditors for five years. Shareholders also approved the re-appointment of Dr. Vinita Jha as an Independent Director and Mr. Naresh Kumar Agarwal as a Director, along with material related party transactions worth Rs 30 Crores with Siddeshwari Tradex Private Limited and Jindal Saw Limited for FY28.
*this image is generated using AI for illustrative purposes only.
Hexa Tradex Limited shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, during the company's 15th Annual General Meeting held on June 24, 2026. The meeting, convened at the registered office in Kosi Kalan, Uttar Pradesh, saw the re-appointment of key statutory auditors and the authorization of material related party transactions for the upcoming financial year.
The board proposed the re-appointment of M/s Lodha & Co LLP as statutory auditors for a second term of five consecutive years, commencing from the conclusion of this AGM until the conclusion of the 20th AGM in 2031. Additionally, Dr. Vinita Jha was re-appointed as an Independent Director for a second term of five years effective from June 25, 2026. Mr. Naresh Kumar Agarwal was also re-appointed as a Director, liable to retire by rotation.
Shareholders granted approval for material related party transactions with Siddeshwari Tradex Private Limited and Jindal Saw Limited. The resolutions authorize the company to enter into contracts or arrangements with these related parties for an aggregate amount of up to Rs 30 Crores during the financial year 2027-28, excluding taxes, duties, or charges. These transactions are to be conducted at arm's length and in the ordinary course of business.
The voting results, scrutinized by Shri Awanish K Dwivedi of M/s Awanish Dwivedi & Associates, indicated strong shareholder support for the management's proposals. The facility for remote e-voting was available from June 21, 2026, to June 23, 2026, with poll voting conducted during the meeting.
Voting Results Summary
| Resolution Description | Votes in Favor | % For | Votes Against | % Against |
|---|---|---|---|---|
| Adoption of Financial Statements | 5,09,02,118 | 99.99 | 205 | 0.01 |
| Re-appointment of Naresh Kumar Agarwal | 5,09,02,118 | 99.99 | 205 | 0.01 |
| Re-appointment of Statutory Auditors | 5,09,02,118 | 99.99 | 205 | 0.01 |
| Re-appointment of Dr. Vinita Jha | 5,09,02,118 | 99.99 | 205 | 0.01 |
| Related Party Transaction: Siddeshwari Tradex | 6,643 | 96.09 | 205 | 3.91 |
| Related Party Transaction: Jindal Saw | 6,643 | 96.09 | 205 | 3.91 |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE750M01017/3c43ecfb04d246bb.pdf
Historical Stock Returns for Hexa Tradex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.45% | -2.15% | -5.20% | -0.87% | -15.68% | +12.80% |
What specific strategic value will the authorized Rs 30 Crore related party transactions with Siddeshwari Tradex and Jindal Saw Limited generate for Hexa Tradex in FY 2027-28?
How does the company plan to utilize the stability provided by the re-appointment of key leadership and auditors to drive expansion over the next five years?
Will the aggregate limit for related party transactions need to be revised upwards if business volumes with Jindal Saw Limited and Siddeshwari Tradex increase significantly?
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