ET BureauLast Updated: Oct 15, 2026, 05:45:00 AM IST

Synopsis

Sebi has imposed interim restrictions on Rajesh Exports and its promoter Rajesh Mehta for alleged financial misrepresentation. The regulator found issues regarding the reported consolidated revenue of ₹15.4 lakh crore. Rajesh Exports' standalone revenue reported by its subsidiary Valcambi SA was significantly lower at ₹3,027.3 crore. Despite opportunities to respond, the company and promoter failed to adequately rebut Sebi’s preliminary findings.

MUMBAI: Sebi has confirmed interim restrictions on Rajesh Exports and its promoter Rajesh Mehta over alleged financial misrepresentation in consolidated revenue and the routing of company funds through personal bank accounts.

The regulator said the company and Mehta had failed to adequately rebut its preliminary findings despite being given an opportunity to respond. Mehta will continue to be barred from dealing in Rajesh Exports shares.

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Sebi questioned Rajesh Exports' consolidated revenue of ₹15.4 lakh crore for FY21-25, which was significantly higher than the ₹3,027.3 crore in standalone revenue reported by its Swiss subsidiary Valcambi SA over the same five-year period.

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