
Rajesh Exports has come under intense scrutiny after SEBI issued a 109-page interim order alleging large-scale financial misrepresentation, non-cooperation with investigators, and possible inflation of revenues. The regulator’s forensic review reportedly found prima facie evidence that as much as 97%-99% of the company’s reported revenue may have been inflated. SEBI has restrained promoter Rajesh Mehta from dealing in the company’s securities and directed the firm to fully cooperate with the ongoing investigation. Following the development, Rajesh Exports hit a 5% lower circuit, leaving investors worried about the road ahead. Is this one of the biggest corporate governance shocks in recent market history? Watch the full analysis to understand the implications for shareholders and market sentiment.