Sebi bars Rajesh Mehta from trading in Rajesh Exports, keeps curbs in place

What happened: Sebi issued a confirmatory order backing restrictions on Rajesh Exports Ltd and managing director Rajesh Mehta, barring Mehta from dealing in the company's securities until further orders and directing cooperation with an ongoing investigation. Key numbers: Sebi alleged about ₹15.15 trillion, or 99.8% of revenue attributed to subsidiaries in Why it matters: Sebi flagged a disparity between consolidated revenue and Valcambi's standalone figures, plus inconsistent customer sales data, raising concerns about the reliability of the company's consolidated financial disclosures.

Sebi issued a confirmatory order backing restrictions on Rajesh Exports Ltd and managing director Rajesh Mehta, barring Mehta from dealing in the company's securities until further orders and directing cooperation with an ongoing investigation.

Sebi flagged a disparity between consolidated revenue and Valcambi's standalone figures, plus inconsistent customer sales data, raising concerns about the reliability of the company's consolidated financial disclosures.