Rajesh Exports Clarifies SEBI Interim Order Concerns

Rajesh Exports Ltd has issued a clarification regarding an interim SEBI order, addressing potential misperceptions. The company emphasized it is debt-free, has not raised significant public funds since 1995, and has not engaged in equity placements with domestic institutions. Rajesh Exports asserts all its filings and financial numbers, including revenue, are genuine and that it has not indulged in mis-reporting. The company highlighted that the interim order raises suspicions without conclusive adverse findings and that its personnel are not involved in any wrongdoing. It clarified that consolidated revenues primarily stem from Valcambi, a leading gold refinery, and rejected media reports of scams or inflated revenues as speculative. Rajesh Exports is actively submitting explanations and evidence to SEBI to resolve the concerns raised.