Rajesh Exports hits lower circuit as ED flags FEMA breaches, 40% gold inventory gap
Shares of Rajesh Exports locked in 5% lower circuit at Rs 97.02 after the Enforcement Directorate searched 9 premises citing FEMA violations, missing trade documents, and a 40% gap between physical gold stock and book inventory. The probe follows SEBI's earlier scrutiny of revenue overstatement involving Swiss refinery subsidiary Valcambi.
Rajesh Exports shares hit 5% lower circuit at Rs 97.02 after ED flagged FEMA violations, citing missing trade documents and a 40% gap between physical gold stock and book inventory, following SEBI's revenue overstatement probe involving Swiss subsidiary Valcambi.