Mumbai, June 8 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday declined to comment on the regulator’s action against Rajesh Exports, saying the matter forms part of a quasi-judicial process and should be addressed through legal procedures.“As a matter of principle, we do not comment on individual cases in the media. This is, in fact, a quasi-judicial process in which orders are issued, and they must be complied with or challenged through the procedu…
Latest Rajesh Exports News & Updates
New Delhi, June 5 (IANS) Shares of Rajesh Exports tumbled 5 per cent for the second straight session on Friday, hitting lower circuit limits after capital markets regulator Securities and Exchange Board of India (SEBI) barred the company’s promoter and CEO, Rajesh Mehta from dealing in the company’s securities over alleged financial irregularities.The stock declined as much as 4.99 per cent to hit the lower circuit limit at Rs 98.73 on the NSE, while on the BSE it declined 4.97 per cent to R…
New Delhi, June 4 (IANS) Rajesh Exports Chairman and Managing Director Rajesh Mehta has rejected the findings of the Securities and Exchange Board of India (SEBI)’s interim order against the company, saying the conclusions were inaccurate and that a detailed response would be issued shortly, according to a report.Speaking to NDTV Profit, Mehta described SEBI’s observations as preliminary and disputed the regulator’s findings.“It is an interim order, findings are not accurate,” Mehta said…
Mumbai, June 4 (IANS) Shares of Rajesh Exports plunged 5 per cent and hit the lower circuit on Thursday after the Securities and Exchange Board of India (SEBI) issued an interim order against the company and its promoter Rajesh Mehta, alleging extensive financial irregularities, lack of cooperation during the investigation and possible overstatement of revenues.The stock touched a lower circuit at Rs 104.65 — a decline of 4.99 per cent from the previous close — on the BSE after SEBI flagged pr…
Mumbai, May 11 (IANS) Shares of jewellery companies witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to defer non-essential gold purchases as part of broader austerity measures aimed at conserving foreign exchange reserves amid the ongoing West Asia crisis.Investors rushed to trim exposure to gold-linked counters amid fears that the Prime Minister’s appeal could weigh on jewellery demand in the coming months.Shares of Titan Company plunged as much as…