- Business
- Hexa Tradex Limited, a demerged entity of Jindal SAW and part of the O.P. Jindal Group, engages in trading and other activities along with investment and finance operations primarily in India. The company acts as a dealer, trader, import and export agent, representative, contractor, buyer, seller, and broker, focusing on wholesale cash and carry basis transactions in chemicals, iron and steel and related products, machinery parts and accessories, minerals, motor vehicle parts, accessories and components, non-ferrous metals and related products, old and discarded materials, paints, varnishes and adhesives; it also identifies opportunities in thermal and coking coal, copper, edible oil, zinc ingots, groceries, household items, electronics, and beauty products. Incorporated in 2010, Hexa Tradex maintains its registered office at A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, Mathura, Uttar Pradesh, with corporate offices in New Delhi, and operates one material unlisted subsidiary, Hexa Securities and Finance Company Limited, a non-banking financial company registered with the Reserve Bank of India. Recent developments include a voluntary delisting process initiated in March 2022 by promoter group entities including Siddeshwari Tradex Private Limited, Innox Global Multiventures Private Limited, Opelina Sustainable Services Limited, and JSL Limited, which increased promoter holding to 92.13% after public share acquisition, though final delisting approval remains pending with BSE and NSE; shareholder approval for material related party transactions up to Rs 75 crore annually with Siddeshwari Tradex Private Limited for FY24 and FY25; and re-appointments of independent directors Ravinder Nath Leekha and Abhiram Tayal for second five-year terms effective November 2024.