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Rajesh Export Scam: Rajesh Exports Share Price Hits 5% lower circuit; Here's Why - Dalal Street Investment Journal
Rajesh Export Scam: Rajesh Exports Share Price Hits 5% lower circuit; Here's WhyDalal Street Investment Journal
LIC Shares Fall 1% After SEBI's Crackdown On Rajesh Exports' Revenue Mismatch: Here's The Link
SEBI's investigation, triggered by a shareholder complaint and supported by a forensic audit, questioned revenues underpinning almost the entirety of Rajesh Exports' consolidated sales between FY21 and FY25.
Rajesh Exports hits lower circuit; Sebi flags ₹15-trn revenue inflation
Rajesh Exports shares hit a 5-per cent lower circuit after Sebi alleged ₹15.15 trillion revenue inflation and barred the company and promoter from the securities market
LIC-Held, Canara Bank-Backed Rajesh Exports Faces Insolvency Petition Amid SEBI Revenue Fraud Probe — Five Things To Know
Perhaps the most striking figure from SEBI's entire findings was that Rajesh Exports misrepresented Rs 15.15 lakh crore, representing 99.8% of its revenues from subsidiaries between FY21 to FY25.
Rajesh Exports shares fall 5% after SEBI order; LIC has nearly 11% stake, as does retail
Shares of Rajesh Exports had surged to an all-time high of ₹1,029 back in 2023. The stock has declined 90% from those levels as of Thursday's trading sessions.
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 Lower Circuit After SEBI Probe Into Rs 15.15 Lakh Crore Revenue Mismatch
According to SEBI, between 97% and 99% of the company's consolidated revenue was attributed to overseas subsidiaries, particularly its Swiss refining arm, Valcambi.
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.
LIC holds over 10% stake in Rajesh Exports; FIIs hold nearly 14% - Moneycontrol.com
LIC holds over 10% stake in Rajesh Exports; FIIs hold nearly 14%Moneycontrol.com
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.
Rajesh Exports SEBI Order: From inflated revenue to rerouting of funds, here are the key highlights
From wrongful disclosures, to lack of disclosures, rerouting of funds and inflated stating of revenue, here are some of the key highlights from the SEBI order against Rajesh Exports and Rajesh Mehta.