SEBI bars Rajesh Exports CMD from securities trading, orders fresh forensic audit over inflated revenue claims
SEBI's interim order alleges Rajesh Exports inflated revenues and operational scale, restraining CMD Rajesh Mehta from trading in company securities and mandating a fresh forensic audit. Mehta denies the allegations; the Bengaluru-based gold and jewellery exporter retains the right to respond before final determination.
What happened
SEBI's interim order alleges Rajesh Exports inflated revenues and operational scale, barring CMD Rajesh Mehta from trading in company securities and ordering a
Why this matters
Pause any partnership, supply, or M&A discussions involving Rajesh Exports until SEBI's final order clarifies the scope of misstatement and promoter liability.