📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Hexa Tradex Appoints New CEO, CFO, and Internal Auditor
Hexa Tradex Limited has announced a significant leadership restructuring effective February 5, 2026. Mr. Pravesh Srivastava, the current Company Secretary, has been elevated to the position of Chief Executive Officer (CEO & CS). Mr. Pooran Singh, who has 15-20 years of experience and previously served as the Internal Auditor, has been appointed as the new Chief Financial Officer (CFO). Furthermore, M/s KUG & Associates, a firm with over 30 years of experience, has been appointed as the Internal Auditor for the 2026-2027 fiscal year.
Key Highlights
Mr. Pravesh Srivastava appointed as CEO and Company Secretary effective February 5, 2026
Mr. Pooran Singh transitioned from Internal Auditor to CFO with 15-20 years of financial experience
M/s KUG & Associates appointed as Internal Auditor for FY 2026-2027, bringing 30+ years of expertise
The leadership changes were approved in a Board meeting held on February 5, 2026, between 3:30 PM and 4:15 PM
💼 Action for Investors
Investors should monitor the company's performance under the new leadership team to ensure strategic continuity. As these are internal promotions, the transition is expected to be stable with minimal disruption to operations.
Hexa Tradex Reports Q3 Net Loss of ₹69.82 Lakhs; Delisting Process Nears Completion
Hexa Tradex reported a standalone net loss of ₹69.82 lakhs for the quarter ended December 31, 2025, a sharp decline from a profit of ₹442.41 lakhs in the year-ago period. Total income fell significantly to ₹2.01 lakhs from ₹675.09 lakhs YoY, largely due to the absence of high 'Other Income' seen in the previous year. However, the company recorded a massive Total Comprehensive Income of ₹16,118.54 lakhs, driven by a ₹18,771.17 lakh gain in the fair valuation of non-current investments. Investors should note that the company's delisting process is substantially complete and awaiting final exchange approvals.
Key Highlights
Standalone revenue from operations for Q3 FY26 was ₹2.01 lakhs compared to nil in Q3 FY25.
Net loss for the quarter stood at ₹69.82 lakhs versus a profit of ₹442.41 lakhs in the same quarter last year.
Total Comprehensive Income reached ₹16,118.54 lakhs due to significant fair value gains on investments.
Delisting application has been filed with BSE and NSE and is currently pending approval.
A SEBI Show Cause Notice from March 2024 remains pending for disposal following settlement applications.
💼 Action for Investors
Existing shareholders should focus on the progress of the delisting application as the company moves toward private status. The operational losses are currently overshadowed by the significant fair value gains in the company's investment portfolio.
Hexa Tradex CEO and CFO Neeraj Kanagat Resigns for PR Jindal Group Role
Mr. Neeraj Kanagat has resigned from his dual roles as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Hexa Tradex Limited, effective January 9, 2026. He is also stepping down from these positions at the company's material subsidiary, Hexa Securities and Finance Company Limited. This transition is described as part of a restructuring and growth realignment within the PR Jindal Group to foster operational synergies. The company has not yet named a successor for these critical leadership positions.
Key Highlights
Mr. Neeraj Kanagat to step down as CEO and CFO effective January 9, 2026
Resignation covers both Hexa Tradex and its material subsidiary, Hexa Securities and Finance Company Limited
Transition is part of a PR Jindal Group-wide restructuring for operational synergies
The move is intended to drive focused execution across various group businesses
💼 Action for Investors
Investors should monitor for the announcement of a successor to ensure management continuity. While the transition is internal to the group, the simultaneous vacancy of the CEO and CFO roles warrants close observation.