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The curious case of Rajesh Exports: Massive revenues, meagre profits
India's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregularities and siphoning of funds. The company's top management claims ignorance of overseas operations, attributing them to promoter Rajesh Mehta. Auditors also faced scrutiny for their conduct during the investigation.
Sebi order casts shadow on Rajesh Exports’ battery PLI project
Sebi’s observations formed part of a broader order in which the regulator alleged that about 99.8% of revenue—amounting to ₹15.15 trillion—attributed to Rajesh Exports’s subsidiaries between FY21 and FY25 was materially misrepresented
Rajesh Exports likely to lose PLI beneficiary status, face MCA probe
Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering a probe into the company's financial reporting. This follows a Securities and Exchange Board of India order flagging significant overstatement of revenues. The company's chairman stated no official communication has been received yet. The situation is developing rapidly.
Did retail give exits to NRIs, some FPIs in Rajesh Exports
Small investors piled up shares of the gold company over three years, even as its price sank.
Rajesh Exports, Tata Motors PV, Auro Pharma, ICICI Bank and more: Stocks to Watch for June 5
Rajesh Exports defends disclosures after SEBI concerns, Tata Motors targets over 20% PV share by 2030, ICICI Bank gets SEBI warning, Aurobindo wins US FDA nod, CG Power starts new EHV unit. Here are few stocks to track ahead of Friday's trading session.
Rajesh Exports says 400 GB data shared with Sebi amid accounting row
Shares hit lower circuit after Sebi's interim order, while LIC's continued holding in the company comes under scrutiny amid governance concerns
'Sent 400 GB Of Documents': Rajesh Exports Chief Says Bulkiness May Have Led To SEBI's 'Confusion' — Watch
Mehta refuted SEBI's allegations of revenue inflation, arguing that the regulator's observations were based on a misunderstanding of the difference between revenue and gross profit.
Just Confusion? Rajesh Exports Defends Financials After SEBI Flag, Denies Inflating Revenue
Rajesh Exports issues clarification to interim SEBI order.
Rajesh Exports Row: Experts Push For SFIO Probe, See Fraud Behind 'Glamorous Numbers'
Rajesh Exports alleged 15.15 lakh crore revenue fraud case.
Rajesh Exports case shows why investors must look beyond profit and revenue growth: IIAS
Commenting on SEBI's interim order against Rajesh Exports, Hetal Dalal, President and COO of IIAS, highlighted concerns around audit committee composition, auditor independence and transparency. Dalal expects further regulatory scrutiny as the investigation progresses and urged investors to study annual reports and regulatory filings closely.
Rajesh Exports: Analysts flag confidence crisis for LIC, FPIs, retail investors
Life Insurance Corporation of India (LIC) and foreign portfolio investors (FPIs) collectively hold a 25 per cent stake in Rajesh Exports, data shows.
Stock Market: Rajesh Exports shares hit lower circuit limit post SEBI order - The Statesman
Stock Market: Rajesh Exports shares hit lower circuit limit post SEBI orderThe Statesman