Rajesh Exports rejects SEBI order, defends Rs 15.15 lakh crore revenue in 10-point rebuttal
Shubh Jewellers parent issued a detailed clarification contesting SEBI's interim order alleging revenue misrepresentation across FY21-FY25. Founder Rajesh Mehta has been barred from the securities market. Shares slid 5% to Rs 99.45 as the company expressed confidence SEBI will reverse course on review.
Jewellery maker Rajesh Exports issued a 10-point clarification rejecting SEBI's interim order alleging revenue misrepresentation of Rs 15.15 lakh crore over FY21-FY25. Founder Rajesh Mehta barred from securities market; shares fell 5% to Rs 99.45.