Rajesh Exports chair defends ₹15.15 lakh crore revenue after SEBI alleges undisclosed Valcambi subsidiary
Chairman Rajesh Mehta pushed back on SEBI charges that the jeweller misrepresented ₹15.15 lakh crore ($158.17 bn) in revenue through undisclosed overseas subsidiaries, primarily Swiss refiner Valcambi. Mehta says regulator overlooked consolidated filings; 97-99% of revenue flows from overseas units that refined 3,000 tons of gold over FY21-25.
Rajesh Exports chairman defends financial disclosures after SEBI alleged the jeweller misrepresented ₹15.15 lakh crore in revenue via undisclosed overseas subsidiaries, mainly Swiss gold refiner Valcambi. Mehta says SEBI ignored consolidated revenue figures.