Sebi Upholds Interim Curbs on Rajesh Exports, Keeps Pressure on Disclosure Gaps
India’s markets regulator has confirmed interim restrictions on Rajesh Exports and promoter Rajesh Mehta, saying concerns over financial disclosures, possible misrepresentation and fund routing through personal accounts remain unresolved. Sebi said gaps in consolidated revenue reporting and missing supporting records continue to cloud the company’s disclosures, while directing it to maintain accurate financial and related-party reporting.
