Race Eco Chain Limited (BSE: 537785 | NSE: RACE)

Introduction

Race Eco Chain Limited filed an announcement on 17 July 2026 with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), confirming a further investment in its subsidiary, Ganesha Recycling Chain Private Limited.

Key Highlights of the Announcement

Investment Details

• Amount Invested: INR 1,17,30,000 (₹1.17 crore)
• Nature of Consideration: Cash payment for equity shares.
• Shares Allotted: 1,17,300 equity shares of Ganesha Recycling Chain Pvt. Ltd.
• Date of Allotment: 17 July 2026.

Ownership Structure

• Post‑investment stake: 51 % equity ownership in Ganesha Recycling Chain Private Limited, maintaining the same control level as before the transaction.

Transaction Classification

• The acquisition is classified as a related‑party transaction because Ganesha Recycling Chain is a subsidiary of Race Eco Chain Limited.
• The investment was made on an arms‑length basis; no promoter or promoter‑group interest beyond the subsidiary relationship.

Business Rationale

• Industry: Recycling.
• The investment aligns with the company’s overall corporate objective to expand its recycling business.

Regulatory and Compliance Notes

• Regulation Applied: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• SEBI Circular Referenced: SEBI/HO/CFD/CFD‑PoD‑l/P/CIR/2023/123 (dated 13 July 2023).
• Government/Regulatory Approvals: Not applicable for this acquisition.

Target Entity Snapshot

Attribute	Details
Name	Ganesha Recycling Chain Private Limited
Authorized Capital	INR 10,00,00,000
Paid‑Up Capital	INR 7,53,00,000
Incorporation Date	10 September 2024
Business	Recycling (India)
Turnover	Not disclosed (NA)

Conclusion

Race Eco Chain Limited has reinforced its position in the recycling sector by investing ₹1.17 crore to retain a 51 % holding in its subsidiary, Ganesha Recycling Chain Private Limited. The transaction complies with SEBI Listing Regulations and was executed on an arms‑length basis without requiring additional governmental approvals. Investors should note the continued strategic focus on expanding the company’s recycling operations.