Page 20 - Sebi

Rajesh Exports may get dropped from PLI scheme, final decision in days

The Ministry of Heavy Industries (MHI) is set to decide in the coming days on removing Rajesh Exports from the list of beneficiaries under the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage, after the SEBI last week passed an interim order alleging massive financial fraud by the Bengaluru-based firm. Sources in the ministry told PTI that there is a "strong view" within the department that the company should be dropped from the scheme. The matter will be placed before Minister of Heavy Industries H D Kumaraswamy, who has returned from an official trip to Kyrgyzstan. "A final call will be taken in the coming days," a source said. In a 109-page ex parte interim order dated June 3, SEBI alleged that Rajesh Exports - primarily a gold jewellery manufacturer and exporter - inflated revenues by Rs 15.15 lakh crore between FY21 and FY25, amounting to approximately 99.8 per cent of the revenues attributed to its subsidiaries over the period being ..

CMR Green IPO subscribed 127x; Paras Healthcare files for ₹1,800-cr IPO

CMR Green's IPO was subscribed 127 times, boosting hopes of a primary market revival as Sebi cleared five new IPOs and Paras Healthcare filed draft papers

RBI opens equity markets wider to overseas investors with higher limits

Higher investment limits for NRIs, OCIs and other overseas individuals are expected to broaden the investor base, improve liquidity and support foreign inflows

LIC's Rajesh Exports stake under scrutiny after Sebi's interim order

Gold refiner shares 400 GB of data with regulator

Sebi warns ICICI Bank over FPI fund repatriation under VRR framework

Market regulator Sebi has warned ICICI Bank for allowing an FPI to repatriate funds before completion of the committed retention period under the Voluntary Retention Route

Rajesh Exports says 400 GB data shared with Sebi amid accounting row

Shares hit lower circuit after Sebi's interim order, while LIC's continued holding in the company comes under scrutiny amid governance concerns

How a shareholder's complaint led Sebi to Rajesh Exports' ₹15 trn puzzle

A shareholder's complaint about unpaid receivables triggered a two-year investigation that led Sebi to question revenues, disclosures and overseas operations at Rajesh Exports

Rajesh Exports cites 'communication gap' with Sebi, says revenues correct

A day after Sebi's interim order raised questions over revenue misreporting, Rajesh Exports said the issue stemmed from a 'communication gap' and maintained its revenues were correctly reported

Rajesh Exports hits lower circuit; Sebi flags ₹15-trn revenue inflation

Rajesh Exports shares hit a 5-per cent lower circuit after Sebi alleged ₹15.15 trillion revenue inflation and barred the company and promoter from the securities market

Sebi bars Rajesh Exports, flags ₹15.15 trn revenue inflation scam

The Securities and ‌Exchange Board of India (SEBI) has barred the company and its owner from the securities markets till it completes its investigation

Sebi cracks whip on Rajesh Exports promoter over alleged fund diversion

The market regulator barred promoter Rajesh Mehta from dealing in company securities for three years and ordered a forensic audit amid allegations of financial misstatements

Futures industry body concerned over Sebi's networth norms for brokers

The global derivatives industry body says client balances should not be treated as a proxy for broker risk and warns that higher capital requirements could increase costs

ICICI Prudential AMC receives Sebi warning over investor complaint

The market regulator flagged a procedural delay in verifying an investor's eligibility for an alternative investment fund scheme following a complaint

Oyo's parent Prism gets Sebi nod for ₹6,650-crore public listing: Report

Prism had submitted its draft IPO papers to Sebi through the confidential filing route in late December 2025

RBI, Sebi tightens checks on overseas flows as currency pressure mounts

In a rare move, the RBI has sent at least 10 queries to ascertain whether funds were routed overseas without a clear business purpose or tangible asset backing

OYO parent PRISM gets Sebi nod for ₹6,650-crore IPO, eyes next filing

The hospitality technology company is expected to file its updated draft prospectus by early July as it evaluates market conditions and listing timelines

Government invites applications for two Whole-time members of Sebi

The Department of Economic Affairs has invited applications for two Sebi whole-time member positions as the tenure of two current members nears completion later this year

Daily DII flow data set to be more transparent; Sebi eases Invit norms

NSDL to publish daily DII investment trends, Sebi proposes InvIT rule changes, and Laser Power trims IPO size

Sebi mulls allowing InvITs to add road expenses back into NDCF calculation

Market regulator Sebi on Monday proposed allowing InvITs to add payments made for major maintenance of road projects back into Net Distributable Cash Flow (NDCF) computation, capped at the amount funded by external debt. This mechanism should apply only to the 'Roads and Bridges' sector and requires strict unitholder approval. The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed by InvITs for incurring major maintenance expenses of road projects while calculating the NDCF. The industry association highlighted that although major maintenance (MM) expenses extend the road's life and enhance its quality, they cannot be capitalised under generally accepted accounting principles because they do not generate future economic benefits, such as extended concession periods or increased toll revenue. Since InvITs (infrastructure investment trusts) holding road projects

SC sets aside Sebi's ₹447 crore disgorgement order to Reliance Industries

Supreme Court quashes Sebi's ₹447 crore disgorgement order against RIL in the 2007 RPL futures case, but upholds ₹25 crore penalty for regulatory violations