Hexa Tradex says auditor of material subsidiary resigned over other work
Hexa Tradex said in an NSE filing that A M A A & Associates resigned as statutory auditor of its material subsidiary on 3 November 2026, citing pre-occupation with other professional commitments.
Key points
- Hexa Tradex said in an NSE filing that A M A A & Associates resigned as statutory auditor of Hexa Securities and Finance Company Limited with immediate effect on 3 November 2026.
- The auditor gave its reason as "pre-occupation with other professional commitments" and said there are no other material reasons for the resignation.
- The firm's last limited review report for the subsidiary, dated 28 October 2026, covered the quarter ended 30 September 2026.
Hexa Tradex Limited said in a filing with the National Stock Exchange that A M A A & Associates, Chartered Accountants, has resigned as statutory auditor of its material subsidiary, Hexa Securities and Finance Company Limited. The resignation took effect immediately on 3 November 2026. The filing gives the auditor's reason as "pre-occupation with other professional commitments".
What Happened
A material subsidiary is a subsidiary whose size is large enough that its affairs must be disclosed under stock exchange rules. Hexa Tradex made the disclosure under Regulation 30 of the SEBI Listing Regulations, with the auditor's resignation letter attached.
According to the filing:
- A M A A & Associates was appointed statutory auditor of Hexa Securities and Finance Company Limited at its 30th Annual General Meeting on 30 September 2025, to hold office until the conclusion of the 35th Annual General Meeting in 2030.
- The firm resigned by a letter dated 3 November 2026. The letter says the reason is "pre-occupation with other professional commitments".
- The letter says that, as Section 140(2) of the Companies Act, 2013 requires, there are no circumstances connected with the resignation that the firm considers should be brought to the notice of the members or creditors of the company.
- The auditor also confirmed there is no other material reason for the resignation beyond those in its letter.
- The latest report the firm submitted before resigning was a limited review report dated 28 October 2026 for the quarter ended 30 September 2026.
- Where the form asks about any concerns the auditor raised before resigning, or information not provided to it, the filing answers "Not Applicable".
The filing does not say who will replace the firm.
What It Means
An auditor's resignation is reported here as the company disclosed it. The filing does not allege any wrongdoing, and the auditor's letter states a workload reason. For shareholders of Hexa Tradex, the subsidiary will need to appoint a new statutory auditor. Investors can read the full filing on the National Stock Exchange website, and can raise complaints about listed companies at https://scores.sebi.gov.in.
Oquilia Data: Hexa Tradex Ltd. (NSE: HEXATRADEX)
| Close, 2 Nov 2026 | Rs 150.31 (+0.88% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −3.00% / −4.49% / −9.82% / −7.79% / −13.99% |
| Against Nifty 50, 1M / 3M / YTD | −7.54 / −0.63 / +2.50 points |
| 52-week closing high / low | Rs 174.67 (3 Nov 2025) / Rs 142.73 (27 Oct 2026) |
| Turnover, 20-session average | Rs 0.05 cr; 80.4% delivered; latest volume 0.7x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India