Race Eco Chain Limited has received a regulatory disclosure from Aryan Malik regarding his recent share acquisition under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure, dated March 18, 2026, details a minor but significant transaction that maintains transparency in shareholding patterns.

Transaction Details

The acquisition involved a modest purchase of 5 shares through open market transaction on March 17, 2026. The following table summarizes the key transaction parameters:

Shareholding Pattern Analysis

The disclosure reveals the complete shareholding structure before and after the transaction. Aryan Malik operates in concert with Puja Malik, who holds a substantial position in the company.

Company Capital Structure

Race Eco Chain Limited maintains a stable equity capital structure throughout this transaction period. The company's total equity share capital stands at Rs. 172572000, comprising 1,72,57,200 equity shares of Rs. 10 each. This capital structure remained unchanged both before and after Malik's acquisition.

Regulatory Compliance

The disclosure demonstrates adherence to SEBI's transparency requirements for substantial shareholding changes. Key compliance aspects include:

• Timely filing within prescribed regulatory timeframes
• Complete disclosure of Person Acting in Concert (PAC) arrangements
• Detailed breakdown of voting rights and shareholding percentages
• Confirmation of non-promoter status

The filing confirms that neither Aryan Malik nor his PAC Puja Malik belong to the promoter or promoter group of Race Eco Chain Limited. The company's shares are listed on both Bombay Stock Exchange Limited and National Stock Exchange Limited, ensuring broad market access and liquidity for investors.

Race Eco Chain Limited has incorporated Race Grassland Private Limited as its subsidiary company, acquiring a 51% stake for ₹7.65 lakh. The incorporation was completed on March 9, 2026, with the subsidiary receiving CIN: U39000MP2026PTC082605.

Subsidiary Incorporation Details

The company has subscribed to 76,500 equity shares representing 51% of Race Grassland Private Limited at face value of ₹10 per share. The transaction establishes Race Eco Chain as the majority shareholder with controlling interest in the newly incorporated entity.

Business Objectives and Operations

Race Grassland Private Limited will operate in the recycling and biomass sector, focusing on producing briquettes, pellets, and green energy from various conventional and non-conventional sources. The subsidiary's business model encompasses waste management, biomass production through compression and gasification processes using materials including ground nut husk, coconut shell, wood shavings, and maize corn cobs.

Strategic Impact

The incorporation allows Race Eco Chain to expand its environmental and recycling operations while maintaining majority control over the subsidiary's strategic direction. The subsidiary will also engage in biogas manufacturing from organic waste, social forestry, and corporate farming activities, positioning the company to benefit from government subsidies and Carbon Credit Scheme opportunities.

This development demonstrates Race Eco Chain's commitment to diversifying within the environmental sector and establishing a stronger presence in biomass and waste management operations.