The Economic Times

Rajesh Exports denies wrongdoing, says SEBI order stems from 'confusion' over Valcambi revenues

Rajesh Exports has responded to SEBI's interim order, denying allegations of revenue misrepresentation. The company states its reported revenues are accurate and genuine. It attributes the alleged discrepancy to SEBI's confusion between EBITDA and revenue for its Swiss subsidiary, Valcambi SA. Rajesh Exports is providing documentation to address SEBI's concerns and expects to clear all suspicions.