Rajesh Exports issues clarification in the SEBI interim matter; shares lock in 5% lower circuit

Shares of Rajesh Exports continue to remain in 5% lower circuit throughout Thursday’s trading session. The company’s shares came into focus after SEBI released an interim order against the company and its promoter, Rajesh Mehta, on alleged misrepresentation of financial statements

The company replied to the news clarification sought by the exchange in relation to the matter. The company said in the exchange filing that, “We received an interim order dated 03/06/2026 from SEBI. In this regard, we clarify that the order is interim, and there has been no adverse conclusion on any aspect arrived at by SEBI”.

In addition, the company said, “ revenues declared by the company are correct, and there is no overstatement of revenues. There seems to be some type of communication gap and confusion between SEBI and the company. The company is in the process of clarifying all aspects to SEBI by submitting all the required and relevant documents.

The company said that it is confident that SEBI, in its wisdom, will clarify the situation and arrive at the correct conclusion based on the authenticated documents, which are in the process of submission by the company. The company rejects all adverse media reports appearing with regard to the interim order of SEBI and will shortly issue a media clarification.

According to SEBI’s interim order, the company is ordered to cooperate with the investigative authorities and provide all the necessary information to them. Additionally, the company’s promoter is barred from dealing in Rajesh Export’s securities.

On a standalone basis, the sales surged to ₹ 2441 crore, up 27.48% for the March 2026 quarter as against ₹1914 crore during the corresponding quarter of the previous year.The Net Loss for the quarter ended March 2026 is ₹17 crore as compared to Net Loss of ₹16.2 crore of the corresponding quarter ended March 2025. Operating profit for the quarter ended March 2026 rose to ₹17.6 crore as compared to ₹16 crore of the corresponding quarter ended March 2025