Hexa Tradex Subsidiary Auditor Resignation

Resignation effective November 03, 2026; last audit report signed October 28, 2026.

Reader Takeaway: Auditor resignation due to time constraints, but confirmed clean compliance records for the recent quarterly review.

What just happened

Hexa Tradex Limited has notified stock exchanges that its material subsidiary, Hexa Securities and Finance Company Limited (HSFCL), has received a formal resignation from its statutory auditors, A M A A & Associates, Chartered Accountants. The resignation becomes effective from November 03, 2026.

Why this matters

While auditor changes often trigger scrutiny, A M A A & Associates explicitly stated in their resignation letter that there are no material reasons or adverse circumstances surrounding their departure. This aligns with requirements under Section 140(2) of the Companies Act, 2013, aimed at ensuring transparency during transitions.

The backstory

The firm recently completed its engagement with the subsidiary. They successfully submitted a Limited Review report on October 28, 2026, which covered the financial results for the quarter ending September 30, 2026. By completing this cycle before resigning, the firm ensured that the latest quarterly financial results were reviewed by the incumbent auditor.

What changes now

Hexa Tradex Limited is currently required to follow regulatory procedures to appoint a new auditor for its subsidiary. The company confirmed it is acting in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the associated SEBI circular regarding auditor resignations in material subsidiaries.