Hexa Tradex Limited has informed the Exchange regarding 'Administrative warning letter'.
HEXATRADEX · price
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Awaiting price reaction for this filing.
SEBI issued an administrative warning letter to Hexa Tradex Limited on March 12, 2025, for violations of SEBI's Listing Regulations related to related party transactions during FY 2023-24. The company had obtained post-facto (after-the-fact) approvals for certain related party transactions instead of securing prior approval. Three specific provisions were breached: Regulation 23(2) (prior Audit Committee approval for the company's RPTs), Clause (b) of the second proviso to Regulation 23(2) (prior Audit Committee approval for subsidiary RPTs), and Regulation 23(4) (prior shareholder approval for material RPTs). SEBI has warned the company to be careful in future and avoid recurrence, noting that enforcement action may follow if violations continue. The company is required to place this communication before its Board, publish it on the BSE/NSE websites, and report corrective measures to SEBI.
This is an administrative warning, not a monetary penalty or formal enforcement action, so no immediate financial impact on the company. However, it highlights governance weaknesses around related party transaction approvals, which may concern investors monitoring corporate governance practices at Hexa Tradex.