Race Eco Chain Ltd

Race Eco Chain Ltd has announced a further investment of ₹1,02,00,000 (Rupees One Crore Two Lakh Only) in its material subsidiary, Ganesha Recycling Chain Private Limited. This investment, made via subscription to a Rights Issue, involves the allotment of 1,02,000 equity shares. The company's ownership stake in Ganesha Recycling Chain Private Limited remains unchanged at 51%. The transaction is considered a related party transaction but is conducted on an arm's length basis. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, is engaged in the recycling business in India. The investment aims to expand the business as part of the company's overall corporate objectives. No governmental or regulatory approvals are required for this acquisition.

Race Eco Chain Ltd has announced the closure of its trading window for securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The trading window will be shut from October 1st, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ended September 30th, 2026. The company will inform the market about the board meeting date for considering these results in due course.

Race Eco Chain Ltd. has received "no adverse observations" from both BSE Limited and National Stock Exchange of India Limited regarding its Draft Composite Scheme of Arrangement. The scheme involves Race Eco Chain (Demerged Company), Geoeco Green Energy Limited (Resultant Company No. 1), and Race Gateway Limited (Resultant Company No. 2), and their respective shareholders and creditors under sections 230 to 232 of the Companies Act, 2013. SEBI, through a letter dated July 30, 2026, provided several comments and conditions for the scheme's implementation. These include ensuring compliance with SEBI regulations, disclosing ongoing proceedings, displaying additional information on websites, transferring liabilities of the Biomass and Restore Bag divisions, including unlisted company financials, ensuring financials are not older than 6 months, prominently disclosing scheme details to shareholders, issuing new shares in demat form, adhering to scheme clauses, and not making changes without SEBI consent. The scheme remains subject to further applicable regulatory and other approvals.

Race Eco Chain Ltd announced a further investment of ₹4.67 crore in its material subsidiary, Ganesha Recycling Chain Private Limited. The investment was made through the allotment of 93,379 Compulsorily Convertible Cumulative Preference Shares (CCPS) at a face value of ₹10 each. This infusion of capital maintains Race Eco Chain's 51% ownership stake in the subsidiary. The transaction is considered a related party transaction but is conducted on an arm's length basis. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, operates in the recycling industry and is based in India.

Race Eco Chain Ltd has dispatched letters to shareholders who have not registered their email addresses, providing a weblink to access the Notice of the 26th Annual General Meeting and the Annual Report for the financial year 2025-26. The 26th AGM is scheduled for September 26, 2026, at 1:00 PM IST, to be held via Video Conferencing. The company also reminded shareholders to update KYC details and dematerialize physical securities as per SEBI regulations, emphasizing electronic payment for dividends and other benefits for non-compliant folios from April 1, 2024.

Race Eco Chain Ltd has announced the details for its 26th Annual General Meeting (AGM), scheduled for Saturday, September 26, 2026, at 01:00 P.M. The meeting will be conducted via Video Conferencing (VC) and other Audio-Visual Means (OVAM). Key dates include Friday, September 28, 2026, as the cut-off date for determining members eligible for electronic voting. The company's registered members and share transfer books will be closed from Sunday, September 20, 2026, to Saturday, September 26, 2026, inclusive, for the AGM. Remote e-voting will commence on Wednesday, September 23, 2026, at 9:00 A.M. and conclude on Friday, September 25, 2026, at 5:00 P.M.

Race Eco Chain Ltd has released its Annual Report for the Financial Year 2025-2026, which includes the notice for its 26th Annual General Meeting (AGM) scheduled for September 26, 2026. The report details the company's performance highlights for FY26, strategic priorities, business model, and ESG initiatives. It also contains financial statements, corporate governance reports, and auditor's reports. The AGM will cover standard business as outlined in the notice.

Race Eco Chain Ltd has announced the details for its 26th Annual General Meeting (AGM) scheduled for Saturday, September 26, 2026, at 01:00 PM IST. The meeting will be conducted via Video Conferencing (VC)/ other Audio-Visual Means (OVAM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the fiscal year ending March 31, 2026, the re-appointment of Mr. Lalit Kumar Malik as a Director, and the appointment of Akshay Singhla & Associates as Statutory Auditors for a five-year term. Additionally, the AGM will address the re-appointment and remuneration of Mr. Sunil Kumar Malik as Managing Director for a three-year term commencing October 2, 2026.

Race Eco Chain Ltd has received a Demand cum Show Cause Notice from the Central Goods and Services Tax (CGST) Commissionerate, Noida. The notice, dated August 29, 2026, pertains to the period FY 2020-21 to FY 2026-27 (up to June 2026). The company is accused of availing Input Tax Credit (ITC) amounting to ₹16,74,60,039 from suppliers whose registrations have been cancelled. The company received the notice on August 29, 2026, but became aware of its contents on August 31, 2026, due to non-working days. Race Eco Chain believes the ITC was availed in accordance with GST provisions and is seeking legal advice to submit a detailed response within 30 days. Management does not anticipate any immediate impact on operations, with financial implications to be determined later.

Race Eco Chain Limited has invested INR 1,02,00,000 in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue. The investment secured 1,02,000 equity shares, maintaining Race Eco Chain's 51% ownership. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, operates in the recycling industry and is an Indian company. The investment is part of Race Eco Chain's corporate objective to expand its business. The transaction is considered a related party transaction and was conducted on an arm's length basis.