Rajesh Exports yields to SEBI: no challenge to interim order, accepts fresh forensic audit

Bengaluru-based gold jewellery major Rajesh Exports will not contest SEBI's interim order alleging ₹15.15 lakh crore revenue inflation through Swiss arm Valcambi over 2020-25. Chairman Rajesh Mehta has committed to cooperating with a new forensic audit covering 5 years of accounts and 9 unresolved queries.

— Source publishedWed, 10 Jun, 2026, 19:58 IST·First seen Wed, 10 Jun, 2026, 20:00 IST·Source CNBC-TV18 · Companies

What happened

Gold jewellery firm Rajesh Exports will not challenge SEBI's interim order alleging ₹15.15 lakh crore revenue inflation across 2020-25 via Swiss subsidiary

Key facts

  • ₹15.15 lakh crore
  • 400 GB
  • 5 years
  • 30 days
  • 9 unresolved queries

Why this matters

The unchallenged SEBI action and pending forensic findings make Rajesh Exports a distressed-watch target, but any M&A or partnership conversation must wait for audit closure on the nine unresolved queries.