Our Company was incorporated on October 25, 2010, as a wholly owned subsidiary of Jindal Saw Limited, under the Companies Act, 1956 authorized to act as an import and export agent, representative, contractor, selling agent, broker on a whole sale cash and carry basis for metals, minerals, iron and steel products, pipes, households items, general merchandise etc; and holding investments in other entities and to buy, invest in, acquire, hold shares, stocks, debentures, debenture stocks, bonds, and securities of any kind etc. With the end and intent of realigning the business operations undertaken by Jindal Saw Limited, the Investment Undertaking of Jindal Saw Limited has vested into our Company on a going concern basis through the Scheme of Arrangement and De-merger in accordance with Section 391 - 394 of the Companies Act, 1956 and Section 2(19AA) of the Income Tax Act, 1961. 2012 Hexa Tradex shares are listed with BSE 2013 -"A share pledge has been created over our shares held by our holding company in favour of Credit Suisse AG, Singapore Branch. |
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