Annual Secretarial Compliance Report for FY 2025-26
HEXATRADEX · price
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Hexa Tradex Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by M/s Awanish Dwivedi & Associates. The company largely complied with SEBI regulations but flagged one current-year violation: Regulation 18(1)(d) and 20(3) of SEBI LODR, where the Board Chairperson and Audit Committee Chairperson were absent from the AGM held on 20th August 2024. BSE and NSE issued warning letters for this non-compliance, and the Board has requested these directors to attend future AGMs. Additionally, prior period issues persist: SEBI had imposed penalties on certain noticees for delisting regulation violations (penalties paid), and a Show Cause Notice from March 2024 regarding fraudulent trade practices remains pending settlement with SEBI. Related party transaction approvals from FY2023-24 have been ratified retroactively.
The filing shows mixed compliance – one governance lapse with minor penalty (warnings from exchanges) and unresolved regulatory matter with SEBI. Current shareholders face minimal direct impact, but pending SEBI settlement introduces regulatory uncertainty. The company's corrective actions on past issues are noted.