Rajesh Exports Limited has firmly rejected allegations from the Securities and Exchange Board of India (SEBI) concerning inflated revenue figures. In a statement, the company asserted that its declared revenues are accurate and that the SEBI order, which is interim, does not conclude any wrongdoing on their part. The allegations stem from a shareholder complaint filed in March 2024, which prompted SEBI to investigate and appoint BDO India Services as a forensic auditor. The interim order issued by SEBI claims that 97-99% of the company's revenue may have been inflated, labeling the findings as egregious. As a result, SEBI has restricted promoter Rajesh Mehta from trading in the company's securities and has mandated that Rajesh Exports fully cooperate with the ongoing investigation. Following the announcement, the company's shares hit a 5% lower circuit, closing at ₹104.65 on the Bombay Stock Exchange (BSE). Rajesh Exports is currently in the process of clarifying the situation to SEBI by submitting relevant documents.