Pendyala Abhishek

Live goes on...

[Pendyala Abhishek @abhip369]

Pinning this so that i will remember.

[Motivational Quotes @EzuieQuotes]

"Never chase love, affection, or attention. If it isn’t given freely by another person, then it isn’t worth having." - Anonymous

[Vivek Gupta | Fat Loss Coach @vivekguptaa]

Such a powerful picture

[☆ @Literarium24]

"𝘌𝘷𝘦𝘳𝘺 𝘴𝘢𝘪𝘯𝘵 𝘩𝘢𝘴 𝘢 𝘱𝘢𝘴𝘵, 𝘢𝘯𝘥 𝘦𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘯𝘦𝘳 𝘩𝘢𝘴 𝘢 𝘧𝘶𝘵𝘶𝘳𝘦."

[రామ్ @ysj_45]

Cute 🥰

[James Clear @JamesClear]

Be forgiving with your past self. What's done is done. No sense in beating yourself up about it.

Be strict with your present self. Win the moment in front of you right now.

Be flexible with your future self. There are many paths to success. You don't need life to be a certain way to live well.

[𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉 @OrevaZSN]

I saw a post on Reddit that said that “The underlying purpose of AI is to allow wealth to access skill while removing from the skilled the ability to access wealth.” And I don’t think I’ve ever seen AI described so incisively.

[Ram Gopal Varma @RGVzoomin]

In effect what you mean is , in a democracy, a leader is given a responsible position by people who trusted him to take care of their issues ..He’s not been crowned as a king 🙏

[Pulaski Wallpaper @Pulaxki]

Spider Man

[Malay Krishna @Malay4Product]

This might be one of the biggest accounting scam India has seen in years.

Let me explain the whole thing, for anyone who has no idea what just happened.

First, let's understand who is this company.

Rajesh Exports is a company in Bengaluru that refines gold and makes jewellery. You may know its retail brand, Shubh Jewellers.

It also owns Valcambi, a Swiss company often called the largest gold refinery in the world, which it bought back in 2015. For years it was talked about as one of India's biggest companies by sales.

The man who runs it is Rajesh Mehta, the promoter and chairman.

Now the weird thing;

This company reported gigantic sales. In just the January to March quarter of 2026, it reported revenue of about ₹2.36 lakh crore. That is bigger than the sales of almost any company in India.

But for all those enormous sales, it barely made any profit. It actually posted a small loss. And the whole company on the stock market was worth only about ₹3,200 crore.

So a shop claims it sold goods worth lakhs of crores, but kept almost no profit, and the shop itself is valued at a tiny fraction of its sales. When the sales are huge but the profit and the company value are tiny, something is off.

Now this mismatch was visible for years but let's understand how the investigation started.

In March 2024, a shareholder complained to SEBI, the market regulator. The complaint was simple. The company was showing a huge pile of money that customers supposedly owed it, sitting unpaid for more than two years. That is a classic sign that the sales behind it might not be real.

SEBI dug in, appointed investigators, and brought in a forensic auditor to go through the books.

On June 3, 2026, it released its findings in an interim order. These are early findings, called prima facie, so the company has not been found guilty yet, and I will come back to that.

But let's understand what SEBI says it found. Will try to keep this simple;

1. Most of the sales came from a foreign company whose own books showed almost nothing.

SEBI says around 97 to 99% of the group's revenue was shown as coming from its overseas arms, mainly Valcambi in Switzerland. But Valcambi's own standalone audited accounts reported barely any revenue.

So the group was claiming lakhs of crores in sales through a subsidiary that, on its own books, looked nearly empty. SEBI also says the company kept hiding these subsidiary accounts from the public.

2. Fake-looking sales tied to the promoter's personal trades.

The company recorded about ₹11,487 crore of sales and ₹11,488 crore of purchases with a firm called Affluence.

That was roughly two-thirds of its standalone sales. But Affluence denied doing any such business with the company. SEBI says these were not real trades at all. They were linked to Rajesh Mehta's own personal derivative trading, written into the company's books as if they were company sales, just to make the business look bigger.

3. Other income were presented as sales.

SEBI says the company booked ₹867 crore and ₹716 crore of currency gains as if they were sales and purchases, and booked ₹204 crore of interest from mutual funds and fixed deposits as business revenue.

These are not sales. Calling them sales makes the business look bigger than it is.

4. The gold mines in Africa that no one could verify.

When the stock exchange asked about a ₹1,035 crore investment, the company said it was money put into gold mines in Africa.

SEBI looked into it and could not verify this claim. The Swiss arm's own boss told SEBI that it does not own any gold mine, it only refines gold.

5. Quietly erasing old money owed.

SEBI says the company wiped out about ₹2,914 crore of very old unpaid dues by secretly cancelling them against money it owed others, without properly explaining it.

6. Company money flowing through the promoter's personal accounts.

SEBI says company funds were routed through the personal bank accounts of Rajesh Mehta and a family member, including for his personal trades, without board approval and without telling investors.

News reports put one chunk of this at ₹339 crore, and the wider routing at around ₹926 crore.

7. Not cooperating.

SEBI says the company ignored more than ten official notices over months, did not give full records, gave changing and contradictory numbers, and did not give the auditors proper access.

SEBI says about ₹15.15 lakh crore of revenue over five years was misrepresented.

It is important to understand what this means.

That is not ₹15 lakh crore stolen from investors. It is the size of the sales that SEBI says were inflated or could not be verified.

The company's market value fell by close to ₹28,000 crore from its peak, and the wealth lost by public shareholders is estimated at around ₹12,725 crore.

The stock is down about 54% from its high last December, and it hit the lower limit again right after this order.

As of now, SEBI has taken the following steps;

> Rajesh Mehta is banned from buying, selling or dealing in the company's shares, directly or indirectly, until further orders.

> Both the company and Mehta must cooperate with the investigation and hand over a long list of documents within 30 days.

> The company must now make true and fair disclosures of its finances and its dealings with related parties.

> SEBI will appoint a new forensic auditor, because the first one could not finish the job without cooperation.

This is an interim order. It was passed without hearing the company first, which SEBI is allowed to do when it fears assets might be moved or records destroyed.

The company and Mehta get 21 days to reply and ask for a hearing. So far the company has not made any public statement.

[Debashis Basu @Moneylifers]

My first tweet on #RajeshExports was in 2014. The suspicion started much earlier. There is something called a smell test. It decades to develop - if you keep your ears and eyes open.

@suchetadalal @BalakrishnanR

[Revathi @revathitweets]

Remember the Adani Data Center coming up at Visakhapatnam, Andhra Pradesh?

Barely 120 kms from there is a district called Parvathipuram in Andhra Pradesh.

30 year old Tadangi Ramesh from Velagavalasa village was beaten up and burnt alive by the villagers.

Reason? They suspected him of practicing black magic and occult rituals.

Tadangi Gopi a neighbour of Tadangi Ramesh had been suffering from fever for the last few days.

He dreamt that he was being beaten and strangulated by Tadangi Ramesh of the same village.

So, Gopi had suspected that Tadangi Ramesh had performed black magic.

Half burnt body of Ramesh was recovered by the local police and so far 16 people were arrested in the case.

All Gopi and family had to do was go meet the doctors and get some blood tests done before spilling someone’s blood. Again, Parvathipuram also suffers with severe lack of medical facilities like most of the agency areas.

While governments are running after Data Centers that would destroy the ecosystem, citizens of this nation are still enamoured by supernatural beliefs.

What we need as a country isn’t Artificial Intelligence but basic education, scientific temperament and accessible healthcare facilities.

I hope, the so called leaders will work on fixing those issues first.

[Top Angle 🐉🚩 @Acid_Anjali]

1. Nenu Andhrudini
2. Jai Telangana
3. I am a communist
4. I am a proud sanathani
5. I took baptism
6. I hate BJP
7. Joined NDA
8. TDP scolded my mother
9. Alliance with TDP
10. I appreciate RaGa
11. Congress hatavo desh bachavo
12. Let's not go to place of birth debate

[Physics In History @PhysInHistory]

"People think of education as something they can finish."

- Isaac Asimov

[Zafar Shaikh @InvesysCapital]

I have worked in R&D of Tata Motors.

Tata would test 10's of vehicles over lakhs of Kms of single model over years before vehicle launch. Heck, they would just smash 4-5 vehicles for crash testing & safety rating.

The change this massive in fuel system of nation would require testing & validation across different brands of all petrol 2W& 4W vehicles spanning across 100's of vehicles over few years before giving all clear.

While different agencies claim E20 compatibility, an RTI requesting test reports to be made public was rejected 😅

[The Hindu - Andhra Pradesh @THAndhra]

A boy watches from a rooftop as a bolt of lightning forks over Visakhapatnam on Tuesday evening.

Photo: @krdeepu18

[Cockroach is Back @Cockroachisback]

94% audience is Indian.

Why is Union Minister @KirenRijiju labelling Indian youth as Pakistani or Soros Gang?