Hexa Tradex Limited , a prominent player in the Indian market, has announced a significant restructuring of its Board committees, effective August 14, 2025. This move is aimed at enhancing corporate governance and streamlining decision-making processes within the company.

Key Committee Changes

The company has reconstituted four crucial committees, each comprising three members:

1. Audit Committee: Chaired by Shri Ravinder Nath Leekha
2. Stakeholders Relationship Committee: Chaired by Shri Naresh Kumar Agarwal
3. Nomination and Remuneration Committee: Chaired by Shri Ajit Kumar Hazarika
4. Corporate Social Responsibility Committee: Chaired by Shri Ravinder Nath Leekha

Interestingly, the same three individuals - Shri Ravinder Nath Leekha, Shri Ajit Kumar Hazarika, and Shri Naresh Kumar Agarwal - serve across all committees in different capacities, showcasing a streamlined and interconnected leadership structure.

Implications for Corporate Governance

This restructuring demonstrates Hexa Tradex's commitment to maintaining robust corporate governance practices. By appointing experienced members to multiple committees, the company aims to ensure consistent decision-making and oversight across various aspects of its operations.

Additional Corporate Updates

Hexa Tradex Limited has also announced several other important corporate events:

Book Closure

The company's Register of Members and Share Transfer Books will remain closed from September 20, 2025, to September 26, 2025 (both days inclusive) for the 14th Annual General Meeting.

Annual General Meeting

The 14th Annual General Meeting is scheduled for September 26, 2025, at 12:30 PM. Shareholders will have the option to participate through electronic voting (e-voting), which will be available from September 23, 2025 (9:00 AM) to September 25, 2025 (5:00 PM).

Financial Results

The company has also released its unaudited financial results for the quarter ended June 30, 2025. These results have been reviewed by M/s Lodha & Co., Chartered Accountants, the statutory auditors of the company.

These developments underscore Hexa Tradex's focus on transparency, shareholder engagement, and adherence to regulatory requirements. As the company moves forward with its new committee structure and prepares for its annual meeting, stakeholders will be keen to observe how these changes impact the company's performance and governance in the coming months.

Hexa Tradex Limited , a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), has recently come under regulatory scrutiny. The company has disclosed receiving an administrative warning from the Securities and Exchange Board of India (SEBI), India's market regulator, highlighting concerns over its corporate governance practices.

Details of the Warning

According to a regulatory filing made by Hexa Tradex on March 13, 2025, the company received an administrative warning letter from SEBI on March 12, 2025. The warning pertains to the company's failure to obtain prior approval from its Audit Committee and shareholders before entering into related party transactions. This requirement applies not only to Hexa Tradex itself but also to its subsidiary.

Regulatory Compliance Issues

The administrative warning underscores the importance of adherence to corporate governance norms, particularly in the realm of related party transactions. Such transactions, which involve dealings between a company and its insiders or affiliated entities, are subject to stringent regulations to ensure transparency and protect shareholder interests.

Company's Response

In its disclosure, Hexa Tradex stated that the warning letter does not have any impact on the financial, operational, or other activities of the company. This assertion suggests that while the warning highlights procedural lapses, it does not imply any immediate financial penalties or operational restrictions for the company.

Implications and Next Steps

While the company maintains that there is no quantifiable impact from this warning, it serves as a reminder of the regulatory oversight in the Indian securities market. Companies are expected to maintain high standards of corporate governance, especially when it comes to related party transactions that could potentially lead to conflicts of interest.

Investors and market observers will likely keep a close eye on Hexa Tradex's future compliance with regulatory requirements, particularly in areas of corporate governance and transparency in dealings with related parties.

About Hexa Tradex Limited

Hexa Tradex Limited is headquartered at Jindal Centre, New Delhi, with its registered office in Mathura, Uttar Pradesh. The company is listed on the BSE with the stock code 500378 and on the NSE with the stock code JINDALSAW. As a listed entity, it is subject to the regulations set forth by SEBI, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conclusion

This development serves as a reminder to all listed entities about the importance of strict adherence to regulatory norms and the potential consequences of non-compliance, even if they do not immediately result in financial penalties. It highlights the ongoing need for companies to maintain robust corporate governance practices and ensure transparency in all their transactions.