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.