Rajesh Exports faces MCA probe, set to lose ₹18,100 cr battery PLI status after SEBI flags revenue overstatement
India's largest jewellery exporter likely stripped of ACC battery PLI beneficiary status (5 GWh) as MCA launches probe following SEBI interim order citing 97-99% revenue overstatement. Promoter Rajesh Mehta barred from securities dealings.
Rajesh Exports, India's major jewellery exporter, likely to lose battery PLI beneficiary status and face MCA probe after SEBI's interim order flagged 97-99% revenue overstatement; promoter Rajesh Mehta barred from securities dealings.