SEBI passes final order against Hexa Tradex, Jindal family over investment realignment
SEBI's order, following SAT directive, accuses Hexa Tradex and 14 others of improperly divesting investments to promoter private companies, misrepresenting financials in FY 2013-14.
What changed
- SEBI concluded its case against Hexa Tradex and 14 noticees for alleged improper investment realignment in FY 2013-14.
- The order comes after SAT directed reconsideration within eight weeks on December 16, 2025.
The read
SEBI has closed a long-running probe into Hexa Tradex's realignment of investments by issuing a final order against the company and 15 noticees, including prominent members of the Jindal family. The regulator alleges that during FY 2013-14, investments held through subsidiary HSFCL were divested to promoter-group private firms without due process, misrepresenting the company's true financial position. The order follows an eight-week deadline set by SAT in December. The full 75-page order likely contains specific penalties and directions. While the immediate market impact is limited to the scrip, the involvement of high-profile businessmen makes this a reputational blow.
Primary source: official circular (PDF)