The Exchange has sought clarification from Rajesh Exports Limited with respect to recent news item captioned Rajesh Exports shares fall 5% after SEBI order; LIC has nearly 11% stake, as does retail. The response from the Company is attached.
RAJESHEXPO · price
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NSE has asked Rajesh Exports to clarify a news report that its shares fell about 5% following a SEBI order. The news item also noted that LIC holds nearly 11% stake in the company, alongside significant retail investor holdings. The company has submitted its response, which is attached to the filing. The exact nature of the SEBI order and the company's detailed response are not visible in the filing summary itself. This is a regulatory clarification request, not a direct penalty notice on this filing.
The 5% share price drop reflects negative market reaction to the SEBI order, which could weigh on sentiment in the short term. Shareholders should watch for the company's full clarification and any further regulatory developments.