Hexa Tradex Ltd Swings to FY26 Net Loss of ₹2.95 Crore

Hexa Tradex Ltd reported a standalone net loss of ₹2.9531 crore for the fiscal year ended March 31, 2026. This marks a significant shift from the previous fiscal year, when the company posted a net profit of ₹1.8787 crore.

Reader Takeaway: Shift to net loss; ongoing delisting process poses liquidity risks.

What just happened

The company's financial results for FY 2025-26 show a stark contrast to FY 2024-25. Revenue from operations saw a marginal increase to ₹0.0239 crore from ₹0.02 crore. However, the significant factor impacting profitability was a substantial loss in Other Comprehensive Income (OCI), leading to a total comprehensive loss of ₹18.7034 crore for FY26.

Why this matters

Investors will be closely watching the company's ability to return to profitability. The swing to a net loss, coupled with a pending delisting proposal, raises concerns about liquidity and future performance. The ongoing regulatory matters also add to the uncertainty.

The backstory

Hexa Tradex Ltd has been in the process of delisting, with promoters holding 92.13% of the total equity shares. This process is currently awaiting approval from SEBI and the stock exchanges. The company has also experienced management changes, with Mr. Pravesh Srivastava appointed as CEO & Company Secretary and Mr. Pooran Singh as CFO, effective February 5, 2026.

What changes now

The immediate focus for the company will be on navigating the delisting process and addressing the factors that led to the net loss in FY26. The new management team will be tasked with improving operational performance and ensuring regulatory compliance.

Risks to watch

The primary risks include the pending SEBI delisting approval, the potential for further regulatory actions, and the company's ability to achieve profitability amidst ongoing operational challenges. A pending Show Cause Notice from SEBI, dated March 18, 2024, related to a 2014 family reorganization, remains a significant watch point.

Peer comparison

Data not available in the filing for direct peer comparison.

Context metrics (time-bound)

• Net Loss (FY26): ₹2.9531 crore
• Net Profit (FY25): ₹1.8787 crore
• Revenue from Operations (FY26): ₹0.0239 crore
• Revenue from Operations (FY25): ₹0.02 crore
• Total Comprehensive Income (FY26): ₹-18.7034 crore
• SEBI Show Cause Notice Date: March 18, 2024
• Management Appointment Effective Date: February 5, 2026
• NSE/BSE Warning: October 2025

What to track next

Investors should closely monitor the progress of the delisting proposal with SEBI and the stock exchanges. Any updates on the SEBI Show Cause Notice and the company's financial performance in the upcoming quarters will also be crucial.