Mehta Challenges SEBI Order on Inflated Revenue

iGEN Editorial

June 6, 2026

Mehta Challenges SEBI Order on Inflated Revenue

Executive Summary

BENGALURU/MUMBAI: A day after markets regulator Sebi banned Rajesh Mehta, the chief of Bengaluru-based gold refiner Rajesh Exports, for inflating the company's revenues over several years to induce investors to invest in the stock, the company said there was communication gap with Sebi that led to the regulatory decision. Mehta also stood by the company's consolidated revenue figure of Rs 7.8 lakh crore for FY26, Rs 4.2 lakh crore for FY25 and of the earlier years. The Sebi investigation was initiated after a shareholder of the company complained to the regulator, alleging potential financial

Source Coverage

Source	Headline	Published At
Business-Today	Mehta contests Sebi order on Rs 15L cr inflated revenue	2026-06-01 00:00:00+00:00

Timeline

2026-06-01 00:00:00+00:00: Mehta contests Sebi order on Rs 15L cr inflated revenue (via Business-Today)

Key Entities

People: Mehta Organizations: Securities and Exchange Board of India

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