India — Securities and Exchange Board of India & Rajesh Exports

India — Securities and Exchange Board of India: The India — Securities and Exchange Board of India initiated the investigation into Rajesh Exports, issued an interim order, and directed a new forensic audit, playing a central role in uncovering alleged financial irregularities.

Rajesh Exports: Rajesh Exports is facing severe regulatory scrutiny from the India — Securities and Exchange Board of India and the India — Enforcement Directorate for alleged revenue overstatement, fund diversion, and non-cooperation. This has led to a significant drop in its stock price and potential removal from a government PLI scheme.