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.
The acquisition involves a subsidiary and a step-down subsidiary, and the amount of ₹2.3 crore, while significant, is not a transformative amount for a listed entity. It represents a strategic expansion in the core business area.
The acquisition of a controlling stake in another company is generally viewed as a positive development, indicating expansion and strategic growth for the parent company.
Race Eco Chain Limited, through its material subsidiary Ganesha Recycling Chain Pvt Ltd, has acquired a 51% stake in M/s. Shubhlaxmi Ecoplast LLP. The transaction, formalized through an Admission cum Reconstitute deed executed on 15th May, 2026, makes Shubhlaxmi Ecoplast LLP a step-down subsidiary of Race Eco Chain Limited.
The acquisition involved a fixed capital contribution of ₹2,30,00,000 (Rupees Two Crore Thirty Lac Only) from Ganesha Recycling Chain Pvt Ltd. The acquired LLP, Shubhlaxmi Ecoplast LLP, is engaged in the business of buying, selling, trading, processing, recycling, and dealing in all types of plastic and polymer scraps and waste. Its turnover for 2025 was ₹80.24 Lakh.
Upon this transaction, Shubhlaxmi Ecoplast LLP becomes a related party to Race Eco Chain Limited. However, the announcement states that the promoter, promoter group, or group companies of Race Eco Chain Limited do not have any interest in the acquired entity, indicating the transaction was conducted at arms length.
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Race Eco Chain Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Race Eco Chain Limited. Read the original for the full detail.