Rajesh Exports defends books as SEBI flags Rs 15.15 lakh crore revenue misrepresentation
Jeweller blames Valcambi reporting confusion after SEBI's interim order alleging FY21-FY25 misstatements, suspicious Rs 11,400 crore Affluence broker trades, and MD Mehta's personal derivative dealings. Stock fell 5% as 97-99% of consolidated revenue ties to overseas subsidiaries.
Rajesh Exports defends revenue filings after SEBI's interim order alleging Rs 15.15 lakh crore misrepresentation FY21-FY25, blaming confusion over Valcambi figures. SEBI flagged suspicious Rs 11,400 crore transactions with broker Affluence and personal derivative trades by MD Rajesh Mehta.
Also reported by
- Indian Express · Business — 2h after first sighting