SEBI Alleges ₹15 Lakh Crore Revenue Misreporting At Rajesh Exports

SEBI has passed an interim order against Rajesh Exports and its chairman Rajesh Mehta, alleging serious financial misrepresentation and corporate governance lapses. The regulator claims nearly ₹15.15 lakh crore of revenue reported over multiple years may have been misrepresented, leading to a fresh forensic audit. The stock hit the lower circuit following the explosive allegations. Here’s what SEBI found, what it means for investors, and why this case could become one of the biggest corporate governance controversies in recent years.