Key facts
- Rajesh Mehta disputes SEBI's findings of revenue inflation at Rajesh Exports.
- SEBI alleged Rajesh Exports misrepresented approximately Rs 15.15 lakh crore in revenue.
- The alleged revenue inflation occurred between fiscal years 2020-21 and 2024-25.
- SEBI previously issued an interim order against Rajesh Exports and its promoter.
Rajesh Mehta, the promoter of Rajesh Exports, has broken his silence amidst a row with the Securities and Exchange Board of India (SEBI), asserting that the regulator's findings of revenue inflation are not accurate. SEBI had previously issued an interim order against Rajesh Exports and Mehta, alleging significant financial irregularities and revenue inflation. According to SEBI's report, the gold jewellery maker allegedly misrepresented about Rs 15.15 lakh crore in revenue between the fiscal years 2020-21 and 2024-25. This dispute adds another layer to the ongoing regulatory scrutiny of the company.