Race Eco Chain: Subsidiary Acquires 51% Stake in Shubhlaxmi Ecoplast

Ganesha Recycling Chain Pvt Ltd, a subsidiary of Race Eco Chain Ltd, has acquired a 51% stake in M/s. Shubhlaxmi Ecoplast LLP through an Admission cum Reconstitute deed dated May 15, 2026. This acquisition makes Shubhlaxmi Ecoplast LLP a subsidiary of Ganesha Recycling Chain Pvt Ltd and a step-down subsidiary of Race Eco Chain Ltd. The consideration for the 51% stake involved a fixed capital contribution of ₹2,30,00,000 by Ganesha Recycling Chain Pvt Ltd. Shubhlaxmi Ecoplast LLP's turnover in 2025 was ₹80.24 Lac. The acquisition is part of Ganesha Recycling Chain's corporate objectives to expand its business.