Rajesh Exports is facing increased scrutiny after a recent Securities and Exchange Board of India (Sebi) order related to alleged financial irregularities. The development could impact the company’s eligibility under the government’s Production Linked Incentive (PLI) scheme for electronics manufacturing.
The company has denied any wrongdoing and said it is cooperating fully with regulators. Rajesh Exports also informed Sebi that nearly 400 GB of documents submitted during the investigation could not be located by the regulator and will be resubmitted within 15 days.
No final decision has been taken on the company’s PLI status, and the review remains ongoing.