Rajesh Exports faces MCA probe, set to lose ₹18,100 cr battery PLI status after SEBI flags revenue overstatement

India's largest jewellery exporter likely stripped of ACC battery PLI beneficiary status (5 GWh) as MCA launches probe following SEBI interim order citing 97-99% revenue overstatement. Promoter Rajesh Mehta barred from securities dealings.

India's largest jewellery exporter likely stripped of ACC battery PLI beneficiary status (5 GWh) as MCA launches probe following SEBI interim order citing 97-99

ET Small Business · 6/4/2026, 7:55:47 PM · Ask about this →

Rajesh Exports + ACC Energy Storage + MCA + Ministry of Heavy Industries + SEBI +