Annual Secretarial Compliance Report for year ended March 31, 2025
HEXATRADEX · price
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Hexa Tradex Limited filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, on May 30, 2025, prepared by M/s Awanish Dwivedi & Associates, Company Secretaries. The report notes that SEBI imposed a monetary penalty of Rs. 35,00,000 on the company, its directors, and the company secretary for violations of the SEBI Act, Delisting Regulations, and SEBI (LODR) Regulations related to the delisting process. SEBI also issued an Administrative Warning for taking post facto shareholder approval of material related party transactions worth up to Rs. 75 crores with Siddeshwari Tradex Private Limited during FY2023-24. The company's delisting application remains pending with BSE and NSE, with promoter shareholding currently at 92.13%. Apart from these flagged matters, the company was found generally compliant with Secretarial Standards, insider trading regulations, related party transaction norms, and disclosure requirements under LODR Regulations.
Existing and prior-year SEBI penalties along with the administrative warning signal ongoing regulatory and corporate governance concerns, which could weigh on investor sentiment. The long-pending delisting approval (since 2022) continues to create uncertainty for the small public float, while the company's listing on BSE and NSE remains active.