Rajesh Exports shares hit 5 pc lower circuit after ED searches multiple premises
Business 24 Jun, 2026

Rajesh Exports shares hit 5 pc lower circuit after ED searches multiple premises

Business To Business, New Delhi, 24th June, 2026:   Shares of Rajesh Exports Ltd. fell sharply on Wednesday, hitting the 5% lower circuit limit, as investors reacted to the latest developments surrounding the company following searches conducted by the Enforcement Directorate (ED).
Stock Performance

  • BSE: The stock declined 4.99% to ₹102.85, hitting its lower circuit limit.
  • NSE: The share price fell 5% to close at ₹102.12.
The sell-off came a day after the ED conducted searches at multiple premises linked to the Bengaluru-headquartered gold refining and jewellery manufacturing company.
Background
On Tuesday, the ED carried out searches at nine locations in Bengaluru and Mumbai under the provisions of the Foreign Exchange Management Act (FEMA). The action follows heightened scrutiny of the company after allegations by SEBI concerning an alleged large-scale financial fraud.
While the company had not publicly responded to the ED action at the time of the searches, the developments have increased uncertainty among investors.
Market Reaction
The lower-circuit hit indicates strong selling pressure, with investors concerned about:
  • Potential regulatory and legal consequences
  • Reputational risks
  • Possible impact on business operations
  • Future financial implications
What Investors Will Watch
Market participants are likely to focus on:
  • Any official response from Rajesh Exports
  • Findings from the ED investigation
  • Further disclosures by regulators
  • Clarifications regarding the allegations under examination
The sharp decline reflects the sensitivity of stock markets to regulatory investigations, particularly when they involve allegations of financial irregularities and enforcement actions by government agencies.

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