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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.
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.
Artificial Electronics appoints Girija Sankar Tripathy as new CFO
Artificial Electronics Intelligent Material has appointed Girija Sankar Tripathy as its Chief Financial Officer (CFO) with effect from 3 June 2026.
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 practices.
Rajesh Exports Timeline: Inside SEBI's Rs 15-Lakh-Crore Revenue Case
Alongside SEBI's allegations of large-scale financial misrepresentation, lender Canara Bank has initiated debt recovery proceedings.
LIC shares slip 1% after Sebi's crackdown on Rajesh Exports. What's the connection?
Regulator Sebi has issued an interim order against Rajesh Exports and its promoter, Rajesh Mehta. The company faces allegations of significant financial irregularities and non-cooperation. Sebi's findings suggest a large portion of reported revenue may have been inflated. This development has led to a decline in Rajesh Exports' shares and impacted LIC's stock.
Rajesh Exports slumps after SEBI bars promoter from accessing securities market
Rajesh Exports was locked in 5% lower circuit after the Securities and Exchange Board of India (SEBI) barred its promoter Rajesh Mehta from accessing the securities market over allegations of financial misappropriation.
BlueStone gains 6% as JM Financial reiterates 'Buy', sees over 20% upside
At the current market price, JM Financial sees an upside potential of over 20 per cent and has maintained a target price of ₹650 per share
Stock Market News Today Live Updates: Nifty Falls Below 23,250, Sensex Slides Over 500 Points; Rajesh Exports Hits Lower Circuit After SEBI Probe
Nifty IT fell 0.6%, while Nifty Realty declined 0.47%. Nifty Financial Services and Nifty Bank slipped 0.4% and 0.38%, respectively.
Rajesh Exports shares hit 5% lower circuit after Sebi says 97-99% revenue inflation. Check key details
Sebi has issued an interim order against Rajesh Exports and promoter Rajesh Mehta, alleging extensive financial irregularities and possible revenue overstatement. The regulator found prima facie evidence that 97-99% of the company's reported revenue may have been inflated, barring Mehta from dealing in securities pending further investigation.
SEBI Bars Rajesh Exports, Promoter Over Alleged Rs 15.15 Lakh Crore Revenue Fraud
SEBI said key financial information relating to foreign entities was not adequately disclosed to shareholders.
Rajesh Exports share price falls 5% after SEBI flags ₹15 lakh crore misstatement in accounts
The SEBI has accused Rajesh Exports of misrepresenting nearly all of its revenue over a five-year period, raising doubts on the reliability of the jewellery manufacturer's financial disclosures.