SEBI orders against Rajesh Exports over revenue misrepresentation
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The Securities and Exchange Board of India (SEBI) issued an interim order against Rajesh Exports and its chairman, Rajesh Mehta, alleging financial misstatement and fund diversion linked to ₹15.15 lakh crore in revenues from FY21 to FY25. The company has denied these allegations, asserting that its revenue figures are accurate. This development raises concerns over corporate governance practices and may impact investor sentiment.
Not investment advice. For informational purposes only.