Rajesh Exports Limited Clarifies Findings Following SEBI Interim Order
Rajesh Exports Limited, a manufacturer and exporter of gold and diamond jewellery, has issued a clarification regarding an interim order passed by the Securities and Exchange Board of India (SEBI) on June 3, 2026. The company addressed several speculative reports concerning this matter that have appeared in the media.The limited company stated that the Order issued by SEBI is an Interim Order and does not contain any conclusive adverse findings. Rajesh Exports Limited affirmed that there has been no fine, penalty, or other coercive action taken by SEBI against the company to establish any adverse conclusive findings.
In its clarification, the company emphatically stated that it has committed no wrongdoing and confirmed that all reporting related to its financials is correct, including the revenues presented in its Financials.
A core observation within the order related to mis-reporting of revenues. The company clarified that this issue arose primarily due to confusion because SEBI had considered the EBITDA of Valcambi instead of the revenue, leading the board to state a difference of about 97% in the revenue. Rajesh Exports Limited insisted that its consolidated Revenue is correct.
The company characterized the entire matter as a result of confusion and a communication gap, which it is actively working to address with SEBI. The company expressed confidence in being able to clarify the situation by presenting all required and relevant documents.
Rajesh Exports Limited noted that SEBI has not made any adverse observation regarding the earnings of the company, but rather only observed suspicion concerning revenues. This suspicion was attributed to confusion regarding the Revenues of Valcambi. The company added that no listed entity would intentionally inflate revenue while maintaining earnings, as this practice would be adverse to the company and reduce margins.
RAJESHEXPO Stock Price Movement
Today, shares of Rajesh Exports Limited shed 4.99% to settle at ₹103.92, closing lower following losses of ₹5.46. The stock saw a total traded volume of 147,955 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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