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Stock Market: Rajesh Exports Shares Hit Lower Circuit Limit Post SEBI Order
SEBI said Rajesh Exports inflated revenue by 97% to 99% and routed funds through personal accounts without adequate disclosures.
- On Thursday, June 4, 2026, shares of Rajesh Exports Ltd fell 4.99 per cent to hit the lower circuit on the BSE after the Securities and Exchange Board of India barred CEO Rajesh Mehta from dealing in the company's securities.
- In a 109-page interim order issued Wednesday, SEBI alleged large-scale misrepresentation of financial statements and the routing of funds through personal accounts without adequate disclosures or supporting documentation.
- The SEBI report further highlights that about 97-99 per cent of the company's revenue was inflated, while the firm failed to cooperate with regulators or provide necessary documentation despite receiving repeated summons.
- Regulators directed Rajesh Exports to make true and fair disclosures under Listing Obligations and Disclosure Requirements regulations as the stock continues to trade lower than its moving averages.
- The counter has a 52-week high of 239 recorded on December 22, 2025, and a 52-week low of 80.11 touched on April 2, 2026, reflecting a correction of 80.12 per cent over 10 years.
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Now, SEBI has tightened its grip, barring the company's promoter, Rajesh Mehta, from trading on the stock market. The National Financial Reporting Authority (NFRA) has been asked to take action against the company's auditor (BSD & Co).
SEBI Case On Rajesh Exports: The biggest issue is that LIC has more than 10 percent investment in this company. State-owned Canara Bank has given a huge loan to this company.
·India
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Rajesh Exports shares drop 5%, hit lower circuit limit post Sebi order
Sebi order: Rajesh Exports shares hit the lower circuit after Sebi barred promoter Rajesh Mehta over alleged financial misrepresentation and fund diversion. The regulator also ordered fresh disclosures and flagged auditor non-cooperation in its probe.
·Karnataka, India
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Total News Sources22
Leaning Left2Leaning Right8Center2Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
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