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Rajesh Exports Shares Plummet 68% Amid SEBI Probe, Investor Trust Erodes.
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CNBC Awaaz•29-09-2026, 14:42
Rajesh Exports Shares Plummet 68% Amid SEBI Probe, Investor Trust Erodes.
- •Rajesh Exports' shares have fallen from ’200 to ’63, a 68.5% decline, raising concerns among investors.
- •Market regulator SEBI has questioned approximately ’15.15 lakh crore in revenue reported by Rajesh Exports related to its foreign companies between FY2020-21 and FY2024-25.
- •SEBI's interim order barred Rajesh Mehta from buying or selling Rajesh Exports shares and mandated the company's cooperation with the investigation and forensic audit.
- •Company Chairman Rajesh Mehta denied the allegations, stating that financial disclosures are accurate and SEBI misunderstood the group's consolidated revenue.
- •Investor trust in the company's future profits and accounting transparency is severely shaken following SEBI's preliminary investigation and ongoing probes.
Key Questions Answered
Rajesh Exports' shares dropped significantly due to severe investor concern and a loss of trust following SEBI's interim order regarding financial misrepresentation and unverified revenue figures.
SEBI alleged that between fiscal years 2020-21 and 2024-25, Rajesh Exports misrepresented approximately ₹15.15 lakh crore in consolidated revenue mostly tied to foreign subsidiaries like Valcambi without providing sufficient records for verification.
Chairman Rajesh Mehta denied the allegations, stating that the financial disclosures are accurate and that the reported discrepancy stems from SEBI misunderstanding the group's consolidated revenue.
