Race Eco Chain Revises Associate Cessation Date to July 1, 2026

Race Eco Chain Ltd has revised the effective date for Prime Industries ceasing to be an associate company from June 30, 2026, to July 1, 2026. This follows the settlement of a divestment transaction where Race Eco Chain sold 2,10,000 equity shares (0.99% of share capital) in Prime Industries on June 30, 2026. The settlement on July 1, 2026, resulted in Race Eco Chain losing significant influence over Prime Industries. The transaction was a related party transaction conducted at arm's length, with a consideration of ₹88,53,600. Prime Industries contributed 53.58% to consolidated income and 17.65% to net worth as of March 31, 2026.