Rajesh Exports Limited has issued a press release to clarify an interim order passed by the Securities and Exchange Board of India (SEBI) on June 03, 2026. The company emphasizes that the order is interim and contains no conclusive adverse findings, fines, penalties, or coercive actions against Rajesh Exports. The company asserts that it has done no wrong and its reported financials, including revenues, are correct. The core observation in SEBI's order regarding a mis-reporting of revenues, showing a difference of about 97%, is attributed to a confusion where SEBI considered the EBIDTA of Valcambi instead of its revenue. Rajesh Exports reiterates that its consolidated revenue is accurate. Rajesh Exports views the entire matter as a result of confusion and a communication gap, which it is actively addressing with SEBI. The company is confident in its ability to clarify the situation by presenting all necessary documents and highlights that SEBI's observation pertains only to a suspicion regarding revenues, stemming from the Valcambi confusion, and not to the company's earnings. Furthermore, the company explains that inflating revenue would only reduce profit margins, which would be detrimental to the company, implying no incentive to misreport revenues.
