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The Latest Breaking News from REL

RBI rejects Religare's proposal for demerger

Religare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding the rejection on August 6, 2026. Religare Finvest Ltd also received a similar communication from the regulator. However, stock exchanges have provided their no objection and observation letters. The company will…

The Economic Times

Rajesh Exports under ED lens after probe finds missing records and Rs 3,000 crore opaque transactions

The Enforcement Directorate has uncovered significant suspected violations of the Foreign Exchange Management Act (FEMA) during searches at Rajesh Exports Ltd (REL) premises. Investigations revealed missing records for overseas transactions, approximately Rs 3,000 crore in unclear trade settlements, a substantial stock discrepancy, and allegations of share manipulation involving offshore entities.…

The Economic Times

Will cooperate fully with fresh forensic audit, won't challenge Sebi interim order: Rajesh Exports

Rajesh Exports Ltd will cooperate with a new forensic audit ordered by Sebi. The company faces allegations of inflating revenues by Rs 15.15 lakh crore. Chairman Rajesh Mehta denies impeding the audit, stating all requested documents were submitted. Sebi suspects massive revenue inflation through overseas subsidiaries.

The Economic Times

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Rajesh Exports shares hit 5% lower circuit for third session on alleged Rs 15.15 lakh crore fraud

Rajesh Exports shares hit lower circuits for a third straight session after Sebi alleged massive revenue inflation and financial irregularities. The regulator barred promoter Rajesh Mehta from trading and flagged auditor lapses. The company denied wrongdoing, attributing discrepancies to accounting interpretation issues at subsidiary Valcambi SA.

The Economic Times

Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports

Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.

The Economic Times

Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports

SEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from trading securities. The regulator alleges a gigantic scam involving misrepresentation of revenues and fund diversion. LIC holds a significant stake in Rajesh Exports, raising questions about its acquisition. Investigations are ongoing, and a new forensic auditor will be appointed.

The Economic Times

Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?

Market regulator SEBI has taken action against Rajesh Exports and its Chairman Rajesh Mehta. The company faces allegations of significant financial misstatements and fund diversion. SEBI's order points to a pattern of non-genuine transactions and questionable accounting. This action raises serious concerns about the company's financial reporting and corporate governance…

The Economic Times

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REL's unconventional new subwoofer is a statement piece for your home cinema or hi-fi system

Ever seen a subwoofer on wheels?

What Hi-Fi?

REL Acoustics adds four subwoofers with completely reworked engineering for "perfect bass"

Get your wallets ready...

What Hi-Fi?

Delhi Court charges Malvinder, Shivender Singh for fraud, conspiracy

A Delhi Court on Thursday pronounced charges against Religare promoters Malvinder Mohan Singh and Shivender Mohan Singh for cheating and criminal conspiracy.

Dynamite News

Adani Power amalgamates six subsidiary companies

NEW DELHI: Adani Power on Tuesday said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself.

The Times of India

ED attaches ₹96.21 crore assets of Madhucon group

HYDERABAD

The Hindu

Siphoning of RFL funds: Supreme Court dismisses interim bail plea of Shivinder Mohan Singh

The Supreme Court on March 16 dismissed the plea for interim bail of former Fortis Healthcare promoter Shivinder Mohan Singh who along with others is accused of misappropriating ₹2,397 crore of Religare Finvest Ltd. (RFL) funds.

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