Shares of Rajesh Exports, a major player in the gold refining and jewellery export sector, experienced significant selling pressure on June 4, 2026, after the Securities and Exchange Board of India (Sebi) raised concerns over alleged discrepancies in the company's financial reporting. The stock was locked in a 5% lower circuit at ₹104.65, reflecting a broader decline of nearly 10% over the past week and a staggering 54% drop from its 52-week high of ₹239. Sebi's investigation suggests that Rajesh Exports may have inflated its revenue figures by approximately ₹15.15 trillion. As a result, the regulator has temporarily restricted the company and its promoter, Rajesh Mehta, from participating in the securities market. This scrutiny has raised concerns among investors regarding the company's governance and credibility. In its latest quarterly results for Q4FY26, Rajesh Exports reported a consolidated revenue of ₹2,36,864.21 crore but also posted a net loss of ₹53.46 crore, further complicating its financial landscape amid the ongoing investigation.