Rajesh Mehta Disputes SEBI Order Against Rajesh Exports, Calls Findings 'Not Accurate'
Rajesh Exports Chairman Rajesh Mehta has publicly contested SEBI's interim order alleging Rs 15.15 lakh crore revenue misrepresentation across FY21-FY25 through overseas subsidiaries and fund diversion. The regulator flagged Rs 12,726 crore shareholder wealth erosion. A detailed rebuttal is promised, with LIC and Canara Bank exposures in focus.
What happened
Rajesh Exports Chairman Rajesh Mehta disputes SEBI's interim order alleging Rs 15.15 lakh crore revenue misrepresentation across FY21-FY25 via overseas
Key facts
- Rs 15.15 lakh crore revenue
- Rs 12,726 crore wealth erosion
- FY21-FY25
Why this matters
LIC and Canara Bank exposure signals contagion risk in any deal screening, so flag Rajesh Exports as untouchable for partnership or M&A discussions until SEBI proceedings conclude.