Shares of Rajesh Exports fell sharply, hitting a 5% lower circuit limit at ₹99.45 on June 5, 2026, following allegations by the Securities and Exchange Board of India (SEBI) that the company misrepresented its revenue over a five-year period. This marked the second consecutive day of heavy selling pressure on the stock amid concerns about the accuracy of the company’s financial statements, according to livemint.com.
SEBI’s interim order, spanning 109 pages, accused Rajesh Exports of inflating nearly ₹15 lakh crore in revenue, describing the figures as "inflated, egregious, and unheard of," as reported by bfsi.economictimes.indiatimes.com. Despite the regulator’s findings, Rajesh Exports issued clarifications denying the allegations, and no fines or penalties have been imposed yet. Company founder Rajesh Mehta rejected the charge of a ₹15.15 lakh crore scam, per thehindubusinessline.com.
The sharp decline in Rajesh Exports’ share price reflects growing investor unease amid one of the largest accounting controversies in the Indian market. The company’s reported revenue size is unusually large compared to peers, intensifying scrutiny. The episode highlights regulatory vigilance and the challenges of verifying financial disclosures in India’s corporate sector. Rajesh Exports’ case is now closely watched as a test of SEBI’s enforcement capabilities, according to market analysis from livemint.com and bfsi.economictimes.indiatimes.com.
Rajesh Exports’ shares have dropped about 10% over two trading sessions amid the ongoing probe, with the stock locked in the lower circuit on June 5. The company’s next official update or SEBI’s final order is awaited by investors and regulators alike, as reported by thehindubusinessline.com.