Rajesh Exports won't fight SEBI order, agrees to forensic audit on ₹15.15 trn revenue inflation claim

Bengaluru-based gold jewellery major Rajesh Exports has told SEBI it will cooperate with a fresh forensic audit and not challenge the regulator's interim order alleging ₹15.15 trillion revenue inflation across FY21-FY25, largely tied to Swiss subsidiary Valcambi SA.

— Source publishedWed, 10 Jun, 2026, 18:40 IST·First seen Wed, 10 Jun, 2026, 18:58 IST·Source Business Standard · Companies

What happened

Bengaluru gold jewellery firm Rajesh Exports will cooperate with SEBI's fresh forensic audit and not challenge the interim order over alleged ₹15.15 trillion

Key facts

  • ₹15.15 trillion
  • 400 GB
  • 5 years
  • 30 days

Why this matters

Any M&A, JV, or financing conversation involving Rajesh Exports or Valcambi should be paused until the forensic audit scope, findings, and liability ring-fencing are clarified.