Rajesh Exports Share Price Hits Lower Circuit for Third Straight Session on June 8, 2026 as SEBI Probe Alleges Rs 15.15 Lakh Crore Revenue Misrepresentation
- June 8, 2026
- Posted by: Kashish Aggarwal
- Category: News
Rajesh Exports share price June 8 2026: 3rd lower circuit ~Rs 93.79. June 5 close Rs 98.73. 52W High Rs 239. SEBI bars CMD 3 yrs. Rs 15.15L Cr misrepresentation alleged.
Rajesh Exports share price is locked in the 5% lower circuit for the third consecutive trading session on June 8, 2026, sliding to approximately Rs 93.79 as investors continue to exit the stock following a 109-page interim ex-parte SEBI order that alleged one of the most extraordinary cases of financial misrepresentation in recent Indian corporate history. The gold jewellery and refining company has now fallen approximately 15% in three trading sessions since the SEBI order was made public after the June 3, 2026 market close.
SEBI’s order, issued by Whole Time Member Kamlesh Chandra Varshney, alleged that Rajesh Exports had misrepresented consolidated revenues aggregating approximately Rs 15.15 lakh crore between FY2020-21 and FY2024-25, representing nearly 99.8% of the company’s total reported consolidated revenue over that five-year period. SEBI also barred Chairman and Managing Director Rajesh Mehta from dealing in the company’s securities for three years.
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| Session | Price | Change | Notes |
|---|---|---|---|
| June 3, 2026 (Pre-SEBI order) | Rs 109.38 (close) | SEBI interim order issued after market close | |
| June 4, 2026 (Day 1) | Rs 104.65 | -4.99% | First lower circuit. CMD barred 3 years |
| June 5, 2026 (Day 2) | Rs 98.73 | -5.00% | Second lower circuit. ~10% two-day decline |
| June 8, 2026 (Day 3, today) | ~Rs 93.79 | -5.00% est. | Third consecutive lower circuit |
| 52-Week High | Rs 239.00 | Hit December 22, 2025 | |
| 52-Week Low | Rs 80.11 | Hit April 2, 2026 (near current levels) |
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What Is the SEBI Rajesh Exports Order and Why Is It So Significant
The SEBI order against Rajesh Exports is extraordinary in its scale. The regulator alleged that the company misrepresented consolidated revenues of approximately Rs 15.15 lakh crore across five financial years (FY21 to FY25), which accounted for nearly 99.8% of its total reported consolidated revenues during that period. If the allegations are proven, this would represent a situation where virtually the entire scale of the company’s consolidated revenue reporting was allegedly fabricated.
SEBI further stated that its investigation and forensic review had uncovered prima facie evidence suggesting that 97-99% of the company’s reported revenue may have been inflated. The regulator described these preliminary findings as “egregious and unheard of.” The interim order also directed Rajesh Exports to make true and fair disclosures of their financial statements, related party transactions, and other required information going forward.
Key Details of the SEBI Allegations Against Rajesh Exports
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| SEBI Allegation | Details |
|---|---|
| Revenue Misrepresentation | Rs 15.15 lakh crore in consolidated revenues (FY21-FY25), ~99.8% of total reported revenue |
| Action Against CMD | Rajesh Mehta barred from dealing in Rajesh Exports securities for 3 years |
| Order Type | Interim ex-parte order (109 pages), issued by WTM Kamlesh Chandra Varshney |
| Order Date | Issued after June 3, 2026 market close |
| Fund Diversion Allegation | Alleged diversion of funds alongside financial misrepresentation |
| Company Response | Denied misrepresentation; stated order is interim with no final adverse conclusion |
| Potential Follow-on Risk | PLI scheme removal; Ministry of Corporate Affairs (MCA) probe possible |
| Institutional Exposure | LIC and Bridge India Fund among investors with exposure to Rajesh Exports |
Company Response and What Rajesh Exports Says
Rajesh Exports provided a clarification to the exchanges following the SEBI order. The company stated: “The revenues declared by the company are correct and there is no overstating of revenues. The company is in the process of clarifying all aspects to SEBI by submitting all the required and relevant documents.” It added that “the order is interim and there has been no any adverse conclusion on any aspect arrived at by SEBI.”
The company also said it is confident that SEBI, on receipt of the authenticated documents, will arrive at the correct conclusion. However, investor sentiment has not responded positively to the denial, with the Rajesh Exports share price continuing to hit successive lower circuits as market participants wait for the regulatory process to conclude.
Institutional and Retail Exposure to Rajesh Exports
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The Rajesh Exports SEBI order fallout has broader implications. Institutional investors including LIC and Bridge India Fund hold exposure to Rajesh Exports, and approximately 1.94 lakh retail investors are caught in the regulatory uncertainty. The Rajesh Exports share price lower circuit locks make it difficult for existing holders to exit quickly, as buy orders dry up and the stock remains at its daily loss ceiling. The company has 29.53 crore equity shares outstanding with a face value of Re 1, and market capitalisation has fallen to approximately Rs 2,769 crore from over Rs 7,000 crore at its December 2025 peak.
Conclusion
Rajesh Exports share price is in its third consecutive lower circuit on June 8, 2026, at approximately Rs 93.79, as investors continue to price in the regulatory risk following SEBI’s unprecedented allegations of Rs 15.15 lakh crore in revenue misrepresentation. The stock now sits near its 52-week low of Rs 80.11, down approximately 61% from its December 2025 peak of Rs 239. Until SEBI concludes its investigation and the company provides documented clarification, Rajesh Exports share price is likely to remain under severe pressure. Existing shareholders should consult a SEBI-registered advisor. This article does not constitute investment advice.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Rajesh Exports Share Price
Why is Rajesh Exports share price hitting lower circuit for third straight session?
Ans. Rajesh Exports share price is hitting lower circuit for the third straight session on June 8, 2026, following SEBI’s interim order alleging Rs 15.15 lakh crore in revenue misrepresentation across FY21-FY25. SEBI also barred CMD Rajesh Mehta from dealing in company securities for 3 years. The stock fell 4.99% on June 4, 5% on June 5, and approximately 5% again on June 8.
What did SEBI allege against Rajesh Exports?
Ans. SEBI alleged in a 109-page interim ex-parte order that Rajesh Exports misrepresented consolidated revenues of approximately Rs 15.15 lakh crore between FY2020-21 and FY2024-25, which SEBI said represented nearly 99.8% of the company’s total reported consolidated revenue for the period. SEBI also alleged diversion of funds and barred CMD Rajesh Mehta from dealing in company securities for 3 years.
What is Rajesh Exports share price today?
Ans. Rajesh Exports share price on June 8, 2026 is approximately Rs 93.79 at the 5% lower circuit, calculated as 5% below the June 5 closing price of Rs 98.73. The stock had previously hit a 52-week high of Rs 239 on December 22, 2025, and is now near its 52-week low of Rs 80.11. Verify the exact price on BSE or NSE before making any decisions.
What did Rajesh Exports say in response to the SEBI order?
Ans. Rajesh Exports stated that the revenues declared by the company are correct and there is no overstating of revenues. The company said it is in the process of submitting all required documents to SEBI and noted that the order is interim with no final adverse conclusion arrived at by SEBI. The company expressed confidence that SEBI will arrive at the correct conclusion after reviewing the authenticated documents.
Who are the institutional investors exposed to Rajesh Exports?
Ans. LIC (Life Insurance Corporation of India) and Bridge India Fund are among the institutional investors with exposure to Rajesh Exports. Approximately 1.94 lakh retail investors are also caught in the regulatory fallout. The stock’s lower circuit locks make it difficult for existing holders to exit, as the daily 5% loss ceiling is reached at the market open each session.
What is the risk of MCA probe and PLI removal for Rajesh Exports?
Ans. Reports indicate that Rajesh Exports may face a Ministry of Corporate Affairs (MCA) probe based on the scale of SEBI’s revenue misrepresentation allegations. The company may also risk removal from the Production Linked Incentive (PLI) scheme. These would be follow-on regulatory actions and have not been formally initiated as of the SEBI interim order. Investors should track regulatory developments closely.
Should I buy Rajesh Exports shares at lower circuit levels?
Ans. This article does not constitute investment advice. Rajesh Exports shares face severe regulatory uncertainty from an ongoing SEBI investigation. Buying into lower circuit stocks under active regulatory probe involves very high risk. The outcome of the SEBI investigation, company response, and potential follow-on regulatory actions are all unknown. Consult a SEBI-registered financial advisor before making any decision.
What is Rajesh Exports 52-week high and current market cap?
Ans. Rajesh Exports 52-week high is Rs 239 (December 22, 2025) and 52-week low is Rs 80.11 (April 2, 2026). At the current approximate price of Rs 93.79, the market cap is approximately Rs 2,769 crore (29.53 crore shares outstanding, face value Re 1). Verify all data on BSE at bseindia.com before making any investment decisions.
