New Delhi, June 4 -- The jewellery maker Rajesh Exports has come under the market regulator's lens as the Securities and Exchange Board of India (SEBI) has found financial irregularities in the company's books of Rs.15.15 lakh crore over five fiscal years.

In a 109-page order, SEBI has detailed how the company and its promoter have inflated revenue scale over the years, largely via unverified overseas entities. Following its order last evening, Rajesh Exports share price came under intense selling pressure on Thursday, 4 June.

The small-cap stock hit the day's low of Rs.104.65, its 5% lower price band against its last closing price of Rs.110.15 per share. There were only sell orders on the counter as investors looked to exit Rajesh Expo...