Hexa Tradex Limited has informed the Exchange with copy of minutes of Extraordinary General Meeting held on Jun 23, 2025
HEXATRADEX · price
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Hexa Tradex Limited has submitted the certified minutes of its Extraordinary General Meeting held on June 23, 2025, at its registered office in Kosi Kalan, Mathura. Two ordinary resolutions were passed by shareholders. The first approved material related party transactions with Siddeshwari Tradex Private Limited (STPL) of up to Rs. 75 Crores for FY 2026-27. The second approved material related party transactions with Jindal Saw Limited (JSAW) of up to Rs. 50 Crores for FY 2026-27. Both resolutions were passed with overwhelming support — around 98.92% of votes in favour and only 1.08% against, based on consolidated results of remote e-voting and poll at the meeting. The e-voting window was open from June 20 to June 22, 2025, and the scrutinizer submitted the consolidated report on June 25, 2025.
Shareholders have cleared up to Rs. 125 Crores in combined related party transactions with group entities (STPL and Jindal Saw) for the next financial year. The strong vote in favour (~98.92%) signals broad shareholder confidence, though retail investors should note that these are related party deals within the Jindal Group, which warrant ongoing governance scrutiny.