{"id":117607,"date":"2026-06-15T11:47:57","date_gmt":"2026-06-15T06:17:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=117607"},"modified":"2026-06-15T11:47:58","modified_gmt":"2026-06-15T06:17:58","slug":"rajesh-exports-share-price-upper-circuit-sebi-order","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/","title":{"rendered":"Rajesh Exports Share Price Hits 5% Upper Circuit at Rs 80.90 on June 15, Snapping a 7-Day Losing Streak After SEBI June 3 Interim Order"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Rajesh Exports (BSE:RAJESHEXPO): Rs 80.90 (5% upper circuit). O Rs 73.20. PC Rs 77.05. 52W H Rs 239. SEBI June 3 order: Rs 15.15 lakh Cr revenue allegation.<\/em><\/p>\n<p><strong><a href=\"https:\/\/univest.in\/user\/stocks\/rajeshexpo\/rajesh-exports-ltd-share-price-today\">Rajesh Exports<\/a> share price<\/strong> hit the 5% upper circuit at Rs 80.90 on June 15, 2026, snapping a 7-day consecutive lower circuit streak that began on June 4, 2026 , the first trading day after SEBI issued a 109-page interim order on June 3 alleging that the Bengaluru-based gold jewellery company misrepresented consolidated revenues of approximately Rs 15.15 lakh crore over FY2020-21 to FY2024-25. <strong>Rajesh Exports share price<\/strong> opened at Rs 73.20 today , near its recent post-order lows , before sharply reversing in what appears to be a technical bounce driven by short covering after 7 sessions of consecutive declines. From its 52-week high of Rs 239 (December 22, 2025), <strong>Rajesh Exports share price<\/strong> has now fallen approximately 66% to the current upper circuit level of Rs 80.90. The SEBI investigation is ongoing and the interim order is subject to final adjudication. Investors should note that hitting the upper circuit today does not change the fundamental regulatory risk.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=rajesh-exports-upper-circuit\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Rajesh_Exports_Share_Price_and_SEBI_Order_Details\" title=\"Rajesh Exports Share Price and SEBI Order Details\">Rajesh Exports Share Price and SEBI Order Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#SEBI_Allegations_and_Company_Response\" title=\"SEBI Allegations and Company Response\">SEBI Allegations and Company Response<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Technical_Context_for_Todays_Upper_Circuit\" title=\"Technical Context for Today&#8217;s Upper Circuit\">Technical Context for Today&#8217;s Upper Circuit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Why_is_Rajesh_Exports_share_price_hitting_the_upper_circuit_today\" title=\"Why is Rajesh Exports share price hitting the upper circuit today?\">Why is Rajesh Exports share price hitting the upper circuit today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#What_does_SEBIs_June_3_interim_order_against_Rajesh_Exports_allege\" title=\"What does SEBI&#8217;s June 3 interim order against Rajesh Exports allege?\">What does SEBI&#8217;s June 3 interim order against Rajesh Exports allege?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Has_Rajesh_Exports_responded_to_SEBIs_order\" title=\"Has Rajesh Exports responded to SEBI&#8217;s order?\">Has Rajesh Exports responded to SEBI&#8217;s order?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/rajesh-exports-share-price-upper-circuit-sebi-order\/#Should_investors_buy_Rajesh_Exports_at_current_levels\" title=\"Should investors buy Rajesh Exports at current levels?\">Should investors buy Rajesh Exports at current levels?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Rajesh_Exports_Share_Price_and_SEBI_Order_Details\"><\/span><strong>Rajesh Exports Share Price and SEBI Order Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Parameter<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BSE Symbol<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">RAJESHEXPO<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">LTP (Upper Circuit)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 80.90<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Previous Close (June 14)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 77.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Upper Circuit Level<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 80.90 (+5%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Today&#8217;s Open<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 73.20 (near lower circuit at open)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Today&#8217;s High<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 80.90 (locked upper circuit)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Session behaviour<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Opened weak (Rs 73.20), reversed sharply to hit +5% UC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">52-Week High<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 239 (December 22, 2025)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">52-Week Low<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~Rs 73-75 range (post SEBI order)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Decline from 52W high<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~-66% from Rs 239 to Rs 80.90<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">SEBI interim order date<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">June 3, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">SEBI allegation<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 15.15 lakh crore revenue misrepresentation (FY21-FY25)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">CMD bar<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rajesh Mehta barred from dealing in securities until further notice<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Stock status<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">7 trading days of lower circuits post June 3 order<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Trading category<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BZ series , restricted trading segment<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Company response<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Denied allegations; called it a &#8216;communication gap&#8217;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction opportunities, <em>investors pay attention.<\/em><\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=rajesh-exports-upper-circuit\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"SEBI_Allegations_and_Company_Response\"><\/span><strong>SEBI Allegations and Company Response<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SEBI&#8217;s June 3 interim order is one of the most significant regulatory actions in recent Indian corporate history in terms of the revenue amounts alleged. The regulator alleges that between FY21 and FY25, Rajesh Exports reported consolidated revenues of approximately Rs 15.45 lakh crore, of which Rs 15.15 lakh crore (98%) was attributed to overseas subsidiaries and could not be independently verified despite forensic auditor BDO India repeatedly requesting supporting documentation. SEBI estimates that the alleged misrepresentation and fund movements resulted in shareholder wealth erosion of approximately Rs 12,726 crore. Rajesh Exports and CMD Rajesh Mehta have denied all allegations, stating revenues are genuine and the issue stems from a communication gap regarding the accounting methodology for Valcambi SA, its Swiss gold refinery.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Context_for_Todays_Upper_Circuit\"><\/span><strong>Technical Context for Today&#8217;s Upper Circuit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After 7 consecutive lower circuits, <strong>Rajesh Exports share price<\/strong> had fallen from Rs 104.65 (first lower circuit, June 4) to Rs 77.05 (June 14 close), a 26.4% further decline post the initial SEBI selloff. In stocks including <strong>Rajesh Exports share price<\/strong> that have been in multiple lower circuits, technical reversals to upper circuits are common as: existing short positions are squared off (short covering), speculative traders buy into extreme oversold readings, and retail investors misinterpret circuit reversals as fundamental improvements. Today&#8217;s upper circuit does NOT indicate any SEBI order has been withdrawn or that the company has resolved the regulatory concerns.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Rajesh Exports Share Price and SEBI Updates on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Rajesh Exports share price<\/strong> at Rs 80.90 (+5%, upper circuit) reversed 7 lower circuits in a technical bounce. From 52W high Rs 239 to Rs 80.90 = -66% decline. SEBI June 3 interim order alleges Rs 15.15 lakh crore revenue misrepresentation. Company denies allegations. Investigation ongoing. Extreme caution advised. Educational only.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Rajesh Exports share price and SEBI order updates live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Rajesh_Exports_share_price_hitting_the_upper_circuit_today\"><\/span><strong>Why is Rajesh Exports share price hitting the upper circuit today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. Rajesh Exports share price (BSE: RAJESHEXPO) hit the 5% upper circuit at Rs 80.90 on June 15, 2026, after 7 consecutive trading days of lower circuits following the SEBI interim order of June 3. Today&#8217;s reversal in <strong>Rajesh Exports share price<\/strong> appears to be a technical bounce driven by short covering and speculative buying at extreme oversold levels. The stock opened at Rs 73.20 (near its recent lows) before sharply reversing to the 5% upper circuit. It is important to note that the underlying fundamental concerns remain unchanged: SEBI&#8217;s interim order alleges Rs 15.15 lakh crore in revenue misrepresentation across FY21-FY25. The stock hitting upper circuit today does NOT mean the SEBI concerns have been resolved. Investors should exercise extreme caution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_SEBIs_June_3_interim_order_against_Rajesh_Exports_allege\"><\/span><strong>What does SEBI&#8217;s June 3 interim order against Rajesh Exports allege?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. SEBI&#8217;s 109-page interim order dated June 3, 2026, issued by Whole Time Member Kamlesh Chandra Varshney, alleges that Rajesh Exports Limited misrepresented consolidated revenues of approximately Rs 15.15 lakh crore between FY2020-21 and FY2024-25. According to SEBI, between 97-99% of Rajesh Exports&#8217; consolidated revenues were attributed to overseas subsidiaries, primarily Valcambi SA (its Swiss gold refinery), and these revenues could not be independently verified despite repeated requests for documentation. The order further alleges non-genuine transactions, fund diversion through promoter-linked entities, and inadequate disclosures to investors. SEBI has barred promoter and CMD Rajesh Mehta from buying, selling, or dealing in securities of Rajesh Exports until further directions. These are SEBI&#8217;s prima facie findings in an interim order and are subject to final adjudication.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Has_Rajesh_Exports_responded_to_SEBIs_order\"><\/span><strong>Has Rajesh Exports responded to SEBI&#8217;s order?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. Yes. Rajesh Exports denied all allegations. The company stated that its consolidated revenues are &#8216;true and genuine&#8217; and attributed the SEBI allegation to a &#8216;communication gap&#8217; , specifically arguing that SEBI considered Valcambi&#8217;s EBITDA instead of revenue, which created a discrepancy in the figures. CMD Rajesh Mehta publicly stated that &#8216;nothing in it is true&#8217; and categorised the order as interim with no adverse conclusion reached. The company has stated it is submitting relevant documents and cooperating with the ongoing investigation. Both the company and Mehta retain the right to submit a detailed response as part of the SEBI adjudication process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_investors_buy_Rajesh_Exports_at_current_levels\"><\/span><strong>Should investors buy Rajesh Exports at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. Rajesh Exports share price hitting the upper circuit after 7 lower circuits may look like a buying opportunity at first glance, but investors should exercise extreme caution. The fundamental risk from SEBI&#8217;s interim order is very significant: an allegation of Rs 15.15 lakh crore in revenue misrepresentation, if upheld after full adjudication, would have severe implications for the company&#8217;s business, management, and corporate governance standing. While the order is interim and subject to final hearing, the magnitude of the allegations is unprecedented. The stock is placed in the BZ (restricted) trading series on NSE. LIC, which holds approximately 10.8% of Rajesh Exports, faces significant mark-to-market losses. This is educational only. Do not make investment decisions based on intraday upper circuit moves in stocks under regulatory investigation. Consult a SEBI-registered adviser before any action.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Rajesh Exports share price hitting the upper circuit today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. Rajesh Exports share price (BSE: RAJESHEXPO) hit the 5% upper circuit at Rs 80.90 on June 15, 2026, after 7 consecutive trading days of lower circuits following the SEBI interim order of June 3. The reversal today appears to be a technical bounce driven by short covering and speculative buying at extreme oversold levels. The stock opened at Rs 73.20 (near its recent lows) before sharply reversing to the 5% upper circuit. It is important to note that the underlying fundamental concerns remain unchanged: SEBI's interim order alleges Rs 15.15 lakh crore in revenue misrepresentation across FY21-FY25. The stock hitting upper circuit today does NOT mean the SEBI concerns have been resolved. Investors should exercise extreme caution.\"}},{\"@type\":\"Question\",\"name\":\"What does SEBI's June 3 interim order against Rajesh Exports allege?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. SEBI's 109-page interim order dated June 3, 2026, issued by Whole Time Member Kamlesh Chandra Varshney, alleges that Rajesh Exports Limited misrepresented consolidated revenues of approximately Rs 15.15 lakh crore between FY2020-21 and FY2024-25. According to SEBI, between 97-99% of Rajesh Exports' consolidated revenues were attributed to overseas subsidiaries, primarily Valcambi SA (its Swiss gold refinery), and these revenues could not be independently verified despite repeated requests for documentation. The order further alleges non-genuine transactions, fund diversion through promoter-linked entities, and inadequate disclosures to investors. SEBI has barred promoter and CMD Rajesh Mehta from buying, selling, or dealing in securities of Rajesh Exports until further directions. These are SEBI's prima facie findings in an interim order and are subject to final adjudication.\"}},{\"@type\":\"Question\",\"name\":\"Has Rajesh Exports responded to SEBI's order?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. Yes. Rajesh Exports denied all allegations. The company stated that its consolidated revenues are 'true and genuine' and attributed the SEBI allegation to a 'communication gap' \\u2014 specifically arguing that SEBI considered Valcambi's EBITDA instead of revenue, which created a discrepancy in the figures. CMD Rajesh Mehta publicly stated that 'nothing in it is true' and categorised the order as interim with no adverse conclusion reached. The company has stated it is submitting relevant documents and cooperating with the ongoing investigation. Both the company and Mehta retain the right to submit a detailed response as part of the SEBI adjudication process.\"}},{\"@type\":\"Question\",\"name\":\"Should investors buy Rajesh Exports at current levels?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. Rajesh Exports share price hitting the upper circuit after 7 lower circuits may look like a buying opportunity at first glance, but investors should exercise extreme caution. The fundamental risk from SEBI's interim order is very significant: an allegation of Rs 15.15 lakh crore in revenue misrepresentation, if upheld after full adjudication, would have severe implications for the company's business, management, and corporate governance standing. While the order is interim and subject to final hearing, the magnitude of the allegations is unprecedented. The stock is placed in the BZ (restricted) trading series on NSE. LIC, which holds approximately 10.8% of Rajesh Exports, faces significant mark-to-market losses. This is educational only. Do not make investment decisions based on intraday upper circuit moves in stocks under regulatory investigation. Consult a SEBI-registered adviser before any action.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rajesh Exports share price hits 5% upper circuit at Rs 80.90, snaps 7-day losing streak post SEBI June 3 Rs 15 lakh Cr revenue order. Caution advised.<\/p>\n","protected":false},"author":34,"featured_media":117615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4634,4633],"class_list":["post-117607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rajesh-exports-share-price","tag-upper-circuit"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781504305:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_title":["Rajesh Exports Share Price Upper Circuit: SEBI Order Bounce June 15"],"rank_math_description":["Rajesh Exports share price hits 5% upper circuit at Rs 80.90 on June 15, snapping 7-day losing streak post SEBI June 3 interim order alleging Rs 15 lakh crore revenue misrepresentation."],"rank_math_focus_keyword":["Rajesh Exports Share 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