Rajesh Exports shares fall for second day; hit 5% lower circuit
Shares of Rajesh Exports Ltd hit the lower circuit for the second consecutive day following a SEBI order alleging a ₹15 lakh crore revenue inflation. The regulator claims the company misrepresented its financial position by attributing massive revenues to overseas subsidiaries that could not be reconciled.
Why it matters
Highlights significant corporate governance concerns and potential financial fraud in a major precious metals firm, impacting investor confidence.
Shares of gems and jewellery firm Rajesh Exports Ltd (REL) further dropped 5% to hit the lower circuit limit on Friday (June 5, 2026) amid concerns that the company allegedly inflated its consolidated revenues by more than ₹15 lakh crore over five years by attributing massive revenues to overseas subsidiaries.
The article objectively reports on stock market movements and the specific allegations contained in a regulatory order.
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