SEBI bars Rajesh Exports, CEO over alleged Rs 15.15 lakh cr revenue misstatement
Bengaluru-based gold retailer-refiner Rajesh Exports — a 2022 awardee under the Rs 18,100 cr PLI battery scheme for 50 GWh capacity — has been barred from securities markets alongside its promoter-CEO. SEBI alleges revenue misrepresentation of Rs 15.15 lakh cr; shares hit the 5% lower circuit at Rs 103.92.
SEBI has barred Rajesh Exports, a Bengaluru-based gold retailer/refiner and 2022 PLI battery scheme awardee, and its promoter-CEO from securities dealings over alleged Rs 15.15 lakh cr revenue misrepresentation; shares hit lower circuit.