Rajesh Exports Shares Tumble as SEBI Flags Financial Irregularities

$RAJESHEXPO shares hit the 5% lower circuit after the Securities and Exchange Board of India (SEBI) issued an interim ex-parte order against the company and its Chairman & Managing Director, Rajesh Mehta. SEBI cited prima facie findings of financial misrepresentation, fund-routing irregularities, and non-cooperation during an ongoing investigation. The regulator alleged that the company misrepresented consolidated revenues totaling approximately ₹15.15 lakh crore, accounting for 99.80% of its reported consolidated revenue between FY2020-21 and FY2024-25. SEBI has barred Rajesh Mehta from dealing in Rajesh Exports securities until further orders and has directed a fresh forensic audit to examine the matter in detail. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.