Rajesh Exports denies SEBI's revenue inflation, LIC placement allegations as 'speculative'

Bengaluru-based jeweller pushed back on SEBI's 109-page interim order, defending Valcambi SA subsidiary revenues and rejecting claims of dubious LIC share placement. Company says it is addressing regulator's concerns with documentation.

— Source publishedFri, 5 Jun, 2026, 18:30 IST·First seen Fri, 5 Jun, 2026, 18:42 IST·Source CNBC-TV18 · Companies

What happened

Rajesh Exports rejected SEBI's interim order allegations of inflated revenues and dubious LIC share placement as speculative. The Bengaluru jeweller defended

Key facts

  • ₹15 lakh crore
  • 11%
  • ₹10 crore
  • 5 GWh
  • 109-page

Why this matters

The escalating probe into LIC placement and Valcambi revenues may distress Rajesh Exports' valuation, opening a watch-list opportunity for buyers of Indian gold-refining capacity if remedies stall.