Race Eco Chain Limited

Race Eco Chain Invests ₹4.67 Crore in Subsidiary Ganesha Recycling Chain

Race Eco Chain Limited invested ₹4.67 Crore in its subsidiary, Ganesha Recycling Chain Private Limited, through the allotment of 93,379 CCPS. This investment maintains Race Eco Chain's 51% ownership. Ganesha Recycling Chain is in the recycling business and had a turnover of ₹21.19 Lakh in 2026.

Race Eco Chain Dispatches AGM Notice, Annual Report, and E-Voting Info

Race Eco Chain Limited has dispatched the Notice for its 26th Annual General Meeting and the Annual Report for FY2025-26 to shareholders electronically. E-voting information, book closure details, and record date have also been provided.

Race Eco Chain Limited Schedules 26th AGM on Sep 26, 2026, Via VC/OAVM

Race Eco Chain Limited will hold its 26th AGM on September 26, 2026, via VC/OAVM. The company has informed shareholders about accessing the AGM notice and annual report online. Shareholders are urged to update KYC details as per SEBI mandate.

Race Eco Chain Limited Announces 26th AGM on Sept 26th, 2026

Race Eco Chain Limited will hold its 26th Annual General Meeting on September 26, 2026, via Video Conference. The agenda includes adopting FY26 financial statements, re-appointing a director and auditors, and re-appointing Sunil Kumar Malik as Managing Director for three years from Oct 2, 2026. Remote e-voting is available from Sept 23-25, 2026.

Race Eco Chain Receives GST Show Cause Notice for ₹16.74 Crore ITC Claim

Race Eco Chain Limited received a GST Show Cause Notice for ₹16.74 crore related to Input Tax Credit (ITC) claimed from suppliers with cancelled registrations. The notice covers FY 2020-21 to June 2026. The company is seeking legal advice and will respond within 30 days, expecting no immediate operational impact.

Race Eco Chain Limited Announces 26th AGM on 26th August 2026

Race Eco Chain Limited will hold its 26th Annual General Meeting on August 26, 2026, through Video Conferencing/Other Audio Visual Means. Newspaper advertisements regarding the AGM have been published and submitted to stock exchanges.

Race Eco Chain Invests ₹1.02 Crore in Subsidiary Ganesha Recycling Chain

Race Eco Chain Limited invested ₹1.02 crore in its subsidiary, Ganesha Recycling Chain Private Limited, acquiring 1,02,000 equity shares. This investment maintains its 51% ownership. The subsidiary, incorporated in 2024, is in the recycling business.

Race Eco Chain Limited Publishes Un-audited Financial Results for Q1 FY27

Race Eco Chain Limited has published its un-audited financial results for the quarter ended June 30, 2026. Newspaper advertisements were placed on August 13, 2026, in Financial Express and Jansatta, in compliance with SEBI regulations.

Race Eco Chain Approves Q1 FY27 Results, Appoints New Auditors & Re-appoints MD

Race Eco Chain Limited's Board approved Q1 FY27 un-audited financial results. M/s. Modi Harsh & Co. appointed as Internal Auditors for FY27. M/s. Akshay Singhla & Associates appointed as Statutory Auditors for 5 years. Mr. Sunil Kumar Malik re-appointed as MD for 3 years from Oct 2, 2026. 26th AGM scheduled for Sep 26, 2026.

Race Eco Chain Board Approves Q1 FY27 Results, Appoints New Auditors & MD

Race Eco Chain's Board approved Q1 FY27 results and appointed new internal and statutory auditors. Mr. Sunil Kumar Malik was re-appointed as MD for three years from Oct 2, 2026. The 26th AGM is scheduled for Sep 26, 2026.

Race Eco Chain Appoints New Statutory Auditors, Reappoints MD, Approves Q1 FY27 Results

Race Eco Chain Limited's Board approved Q1 FY27 financial results. M/s. Modi Harsh & Co. appointed as Internal Auditor. M/s. Akshay Singhla & Associates appointed as Statutory Auditors for 5 years. Mr. Sunil Kumar Malik reappointed as MD for 3 years from Oct 2, 2026. 26th AGM scheduled for Sep 26, 2026.

Race Eco Chain Board Approves Q1 FY27 Results, Appoints New Auditors and MD

Race Eco Chain's Board approved Q1 FY27 results and appointed M/s. Modi Harsh & Co. as Internal Auditors. M/s. Akshay Singhla & Associates were appointed as Statutory Auditors for five years. Mr. Sunil Kumar Malik was re-appointed as Managing Director from October 2, 2026, for three years. The 26th AGM is on September 26, 2026.

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

Race Eco Chain Limited revised the effective date for cessation of associate status of Prime Industries Limited to July 1, 2026, due to settlement of stake sale on this date. The sale consideration was ₹88.54 Lakhs.

Race Eco Chain Limited Provides Corporate Guarantee of ₹4.97 Crore for Subsidiary

Race Eco Chain Limited has issued a corporate guarantee of ₹4.97 Crore for its material subsidiary, Silverline Eco Thrive Limited. The guarantee is for a credit funding facility from the Bank of India. The transaction is on an arm's length basis and is not expected to impact the company's financials.

Race Eco Chain Invests ₹1.17 Crore in Subsidiary Ganesha Recycling Chain

Race Eco Chain Limited invested ₹1.17 Crore in its subsidiary, Ganesha Recycling Chain Private Limited, on July 17, 2026. The investment was part of a rights issue, and the company's stake remains at 51%. Ganesha Recycling Chain Private Limited is involved in the recycling business.

Race Eco Chain Limited Submits SEBI Compliance Certificate for Q1 FY27

Race Eco Chain Limited submitted a compliance certificate under SEBI regulations for the quarter ended June 30, 2026. The certificate was received from the company's share transfer agent, Skyline Financial Services Private Limited.

Race Eco Chain to Participate in 3rd Global Conclave on Plastic Recycling and Sustainability

Race Eco Chain Limited will participate in the 3rd Global Conclave on Plastic Recycling and Sustainability. The event is scheduled from July 2nd to July 5th, 2026, at Pragati Maidan, New Delhi.

Race Eco Chain Limited Promoters Declare No Encumbrance on Shares for FY25

Race Eco Chain Limited promoters, including Dinesh Pareekh and Sangeeta Pareekh, have declared no encumbrances on company shares for FY25 under SEBI Takeover Regulations. The disclosure covers the period ending March 31, 2025.

Race Eco Chain FY26 Revenue Jumps 73.9% to ₹618.75 Crore; PAT Up 11.5%

Race Eco Chain reported FY26 consolidated revenue of ₹618.75 crore, up 73.9% YoY, with PAT at ₹7.29 crore. Standalone FY26 revenue reached ₹381.82 crore, up 38.7% YoY. The company proposed a demerger of its business segments and entered a strategic partnership with Ganesha Ecosphere Ltd.

Race Eco Chain to Participate in BIOFUEL EXPO 2026

Race Eco Chain Limited will participate in BIOFUEL EXPO 2026, India's largest trade exhibition for Ethanol Biomass, Biodiesel, and Biogas industries. The event is scheduled from June 4th to June 6th, 2026, at the India Expo Centre & Mart, Greater Noida.

Race Eco Chain Limited Publishes Audited Financial Results in Newspapers

Race Eco Chain Limited published its audited financial results for the quarter and year ended March 31, 2026. The advertisements appeared in "Financial Express" and "Jansatta" on August 14th, 2025, in compliance with SEBI regulations.

Race Eco Chain Appoints Sujeet Thakur as Chief Financial Officer

Race Eco Chain Limited appointed Mr. Sujeet Thakur as Chief Financial Officer and Key Managerial Personnel. The appointment is effective from May 30, 2026. Mr. Thakur has 15 years of experience in finance and accounts.

Race Eco Chain Appoints New CFO; Declares FY26 Audited Results

Race Eco Chain Limited appointed Mr. Sujeet Thakur as CFO. The company approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The auditors issued an unmodified opinion on these results.

Race Eco Chain Subsidiary Acquires 51% Stake in Shubhlaxmi Ecoplast LLP for ₹2.3 Crore

Race Eco Chain's subsidiary, Ganesha Recycling Chain Pvt Ltd, acquired a 51% stake in Shubhlaxmi Ecoplast LLP for ₹2.3 crore on May 15, 2026. This makes the LLP a step-down subsidiary. Shubhlaxmi Ecoplast LLP deals in plastic and polymer recycling, with a 2025 turnover of ₹80.24 Lakh.

Race Eco Chain Subsidiary Invests ₹2 Crore in GEM Polymers, Acquiring 49% Stake

Race Eco Chain Limited's subsidiary, Ganesha Recycling Chain Private Limited, invested ₹2 Crore in step-down subsidiary GEM Polymers Private Limited. This acquisition secured a 49% stake in GEM Polymers. The investment aims to expand business operations.

Race Eco Chain Limited: 19.55 Lakh Warrants Forfeited, Subscription Amount of ₹17.2 Crore Lost

Race Eco Chain Limited announced the forfeiture of 19,55,000 convertible warrants. The company will forfeit the initial subscription amount of ₹17.2 crore. The conversion option was not exercised by warrant holders within the 18-month stipulated period, which ended on March 31, 2026.

Race Eco Chain: ₹17.2 Crore Subscription Amount Forfeited on Unexercised Warrants

Race Eco Chain Limited forfeited ₹17.20 crore from 19,55,000 convertible warrants. The warrants were allotted on October 1, 2024, at ₹352 each. Holders failed to exercise conversion within 18 months, leading to the forfeiture of the 25% subscription amount by March 31, 2026.

Race Eco Chain Limited Corporate Office Searched by GST Department on March 27, 2026

Race Eco Chain Limited's corporate office in Noida was searched by the GST Department on March 27, 2026. The search concluded the same day with no alleged violations. The company reported NIL impact on its operations.

Race Eco Chain Limited: Trading Window Closed from April 1, 2026 for FY26 Audited Financial Results

Race Eco Chain Limited will close its trading window from April 1, 2026. The closure is in effect until 48 hours after the declaration of audited financial results for the year ended March 31, 2026. The board meeting date for considering these results will be announced later.

Race Eco Chain Incorporates Subsidiary 'Race Grassland Private Limited'

Race Eco Chain Limited incorporated a new subsidiary, Race Grassland Private Limited, on March 9, 2026. The subsidiary has a paid-up capital of ₹15,00,000 and will focus on recycling and green energy production. Race Eco Chain acquired a 51% stake for ₹7,65,000.

Race Eco Chain to Invest ₹7.65 Lakhs for 51% Stake in New Subsidiary 'Race Grassland'

Race Eco Chain Limited will invest ₹7.65 Lakhs to acquire a 51% stake in its proposed new subsidiary, Race Grassland Private Limited. The new entity will focus on the recycling industry and green energy production. The investment is part of the company's expansion into biomass and related green energy ventures.

Race Eco Chain to Invest in New Subsidiary 'Race Grassland Private Limited'

Race Eco Chain Limited's Board approved investing in a new subsidiary, 'Race Grassland Private Limited'. The company will subscribe to 51% of the subsidiary's equity shares for ₹7,65,000, making it a subsidiary post-incorporation. The new entity will focus on recycling and green energy products.

Race Eco Chain Limited Publishes Newspaper Advertisement for Q3 FY26 Un-audited Financial Results

Race Eco Chain Limited published a newspaper advertisement on February 16, 2026, for its un-audited financial results for the quarter and nine months ended December 31, 2025. This is a compliance filing.

Race Eco Chain Q3FY26 Results: Standalone & Consolidated Financials Approved

Race Eco Chain Limited's Board approved standalone and consolidated financial results for Q3FY26. Standalone profit before tax was ₹66.49 lakhs for the quarter and ₹225.15 lakhs for nine months. Consolidated profit before tax was ₹122.59 lakhs for the quarter and ₹759.00 lakhs for nine months.

Race Eco Chain Invests ₹51 Lakh in Subsidiary Ganesha Recycling Chain

Race Eco Chain Limited invested ₹51 Lakh in its subsidiary, Ganesha Recycling Chain Private Limited, via a Rights Issue. The company was allotted 51,000 Equity Shares at ₹100 each. This investment maintains Race Eco Chain's 51% ownership in the recycling subsidiary.

Race Eco Chain Files SEBI Compliance Certificate for Q3 FY26

Race Eco Chain Limited filed a compliance certificate under SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025. The certificate was received from Skyline Financial Services Private Limited, the company's RTA.

Race Eco Chain Limited: Trading Window Closed Jan 1, 2026, pending Q3 FY26 results

Race Eco Chain Limited will close its trading window from January 1, 2026. The window will reopen 48 hours after the announcement of the un-audited financial results for the quarter and nine months ended December 31, 2025. The date for the board meeting to approve these results will be announced later.

Race Eco Chain to demerge Biomass & Restore Bag divisions; Anil Kumar Behl resigns as Independent Director

Race Eco Chain Limited's board approved a demerger of its Biomass and Restore Bag divisions into GEOECO GREEN ENERGY LIMITED and RACE GATEWAY LIMITED, respectively. Mr. Anil Kumar Behl resigned as Independent Director. Mr. Sanjay Kukreja appointed as Audit Committee Chairperson. Corporate office shifting to Noida approved.

Race Eco Chain Approves Demerger Scheme, Director Resignation, and Office Shift

Race Eco Chain Limited approved a scheme of arrangement for demerging its Biomass Division into GEOECO and Restore Bag Division into GATEWAY. Mr. Anil Kumar Behl resigned as Independent Director and was redesignated. Mr. Sanjay Kukreja appointed Audit Committee Chairperson. Corporate office shifted to Noida.

Race Eco Chain Board Approves Demerger, Director Resignation, and Office Shift

Race Eco Chain Limited's Board approved a demerger of its Biomass and Restore Bag divisions into GEOECO GREEN ENERGY and RACE GATEWAY, respectively. Shareholders will receive new equity shares in the resulting companies. The Board also noted the resignation of Director Anil Kumar Behl and shifted the corporate office.

Anil Kumar Behl Resigns as Independent Director from Race Eco Chain Limited Effective December 13, 2025

Mr. Anil Kumar Behl has resigned as Non-Executive Independent Director of Race Eco Chain Limited, effective December 13, 2025. He also holds directorships in Gem Enviro Management Limited.

RACE Eco Chain Limited to consider Scheme of Arrangement on Dec 15, 2025; Trading Window Closed

Race Eco Chain Limited will hold a board meeting on December 15, 2025, to consider a Scheme of Arrangement. The trading window is closed from December 9 to December 17, 2025.

Race Eco Chain Announces Financial Results for Quarter and Half Year Ended 30 Sep 2025

Race Eco Chain announces strong Q2 & HY26 results with revenue growth across segments. Strategic initiatives include ESG focus, digitization, JV with Ganesha Ecosphere, and proposed demerger for focused operations.

RACE Eco Chain Submits Newspaper Publication for Sep 2025 Results

Race Eco Chain Limited has submitted newspaper advertisements for the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025, in compliance with SEBI regulations.

RACE Eco Chain Approves Unaudited Financial Results for Quarter Ended Sept 30, 2025

Race Eco Chain's board approved unaudited financial results for the quarter ended September 30, 2025, with both standalone and consolidated results reviewed. The company disinvested 65% stake in India Polymers Pvt. Ltd.

RACE Eco Chain Approves Unaudited Financial Results for Quarter Ended Sept 30, 2025

Race Eco Chain Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, in a meeting held on November 12, 2025.

RACE Eco Chain Approves Unaudited Financial Results for Quarter Ended Sep 2025

Race Eco Chain Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2025. The company invested ₹5.10 crore in GANESHA RECYCLING CHAIN PRIVATE LIMITED.

Certificate under SEBI Regulations for Half Year Ended 30 Sep 2025

Race Eco Chain Limited forwards certificate under SEBI (Depositories and Participants) Regulations, 2018 for the half year ended 30th September, 2025, confirming no physical share certificates were received for dematerialization.

Race Eco Chain completes sale of subsidiary India Polymers Private Limited

Race Eco Chain: Proceedings of 25th Annual General Meeting