New Delhi, June 4 -- Jewellery maker Rajesh Exports share price fell 5% lower circuit to Rs.103.92 apiece on Thursday after the markets regulator Securities and Exchange Board of India (Sebi) alleged that the company has misrepresented almost its entire revenue over a five-year period.

The stock ended the Wednesday's trading session over 3% up to close at Rs.110 apiece on NSE.

The SEBI has accused Rajesh Exports of misrepresenting nearly all of its revenue over a five-year period, raising doubts on the reliability of the jewellery manufacturer's financial disclosures.

In a 109-page interim order released on Wednesday, Sebi stated that its preliminary findings suggest the company significantly overstated and misrepresented the scale of ...