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SEBI bars Rajesh Exports MD over alleged ₹15.15 lakh cr revenue misstatement; stock hits lower circuit

SEBI passed an interim order barring Rajesh Exports MD Rajesh Mehta from securities dealings, alleging ₹15.15 lakh crore revenue misrepresentation and fund-routing through subsidiary Valcambi. Mehta denied findings; shares hit 5% lower circuit at ₹103.92.

Reported figures

From the report. Source details below

  • 97-99% revenue from overseas subs

Other figures

  • FY2020-21 to FY2024-25

The source

Source Read the source at Outlook Business

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