SEBI’s Big Crackdown! Rajesh Exports Faces Massive Revenue Inflation Allegations

Rajesh Exports has come under intense market pressure after SEBI issued an interim order alleging serious financial misrepresentation and corporate governance lapses. The stock hit its 5% lower circuit as investors reacted to claims that nearly 97-99% of the company’s reported revenues over multiple years may have been inflated. SEBI’s order highlights a staggering ₹15.15 lakh crore figure under scrutiny, raising concerns across the market. Meanwhile, Rajesh Exports Chairman Rajesh Mehta has strongly denied the allegations, calling the order interim in nature and stating that the company’s revenues are accurately reported. With LIC’s stake also drawing attention, investors are closely watching the next steps in what could become one of the market’s biggest corporate governance stories.