Sebi flags ₹15.15 trillion misstatement in Rajesh Exports accounts; promoter barred

Sebi's 109-page interim order alleges Rajesh Exports misrepresented ₹15.15 trillion — 99.8% of subsidiary revenue across FY21-FY25 — citing mismatches with Valcambi SA's standalone books. Promoter Rajesh Mehta barred from trading pending detailed probe into the jewellery exporter.

— Filed Fri, 5 Jun, 2026, 06:55 IST · Source Mint · Companies · Updated

Sebi's interim order alleges Rajesh Exports misrepresented ₹15.15 trillion (99.8%) of subsidiary revenue across FY21-FY25, citing mismatches with Valcambi SA's standalone accounts. Promoter Rajesh Mehta barred from trading; detailed investigation ordered into the jewellery exporter.