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The Economic Times

Rajesh Exports denies wrongdoing, says SEBI order stems from 'confusion' over Valcambi revenues

SEBI Rajesh Exports Rajesh Mehta Gold LIC

Bengaluru-based gold jewellery and refining company Rajesh Exports on Friday filed a fresh clarification with the BSE and NSE, rejecting allegations stemming from SEBI's interim order and asserting that its reported revenues were accurate and genuine.

The filing came two days after SEBI issued a 109-page interim ex-parte order against the company and its Chairman and Managing Director Rajesh Mehta, alleging that Rajesh Exports had misrepresented consolidated revenues of approximately Rs 15.15 lakh crore between FY2020-21 and FY2024-25, accounting for nearly 99.8 per cent of the company's total reported consolidated revenue during the period.

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