Key Details of SEBI Order

  • SEBI passed an interim order dated June 03, 2026 referencing Rajesh Exports Limited
  • The order contains no conclusive adverse findings against the company
  • No fines, penalties, or coercive actions have been imposed by SEBI
  • The interim order primarily observes suspicion regarding revenue reporting

Company's Position and Clarifications

  • Company emphatically states it has done no wrong and all financial reporting has been correct
  • Revenues stated in company financials are asserted to be accurate
  • Core observation in order relates to mis-reporting of revenues
  • Company attributes SEBI's concern to confusion where SEBI considered Valcambi's EBITDA instead of revenue
  • SEBI noted approximately 97% difference in revenue figures due to this confusion
  • Company states consolidated revenue as reported is correct

Current Status and Next Steps

  • Matter described as result of confusion and communication gap
  • Company is in process of addressing the matter with SEBI
  • Company confident of clarifying matter by presenting all required and relevant documents
  • No adverse observations made by SEBI regarding company's earnings

Financial Impact

Financial impact not quantified in the disclosure. No provisions, penalties, or financial adjustments mentioned.