race eco chain has rescheduled its Board of Directors meeting to Saturday, May 30, 2026. The meeting will be held at the company's Corporate Office in Noida, Uttar Pradesh, to discuss key agenda items pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This change follows an earlier intimation regarding a meeting scheduled for May 29, 2026.

Agenda for the Meeting

The primary focus of the board meeting is to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, along with the Audit Report. Additionally, the board will address significant changes in the company's leadership.

Leadership Changes

The directors will take note of the resignation tendered by Mr. Piyanshu Sharma from the post of Chief Financial Officer of the company. Following this, the board will proceed with the appointment of a new Chief Financial Officer to fill the vacancy.

Trading Window Closure

In accordance with the company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of Race Eco Chain Limited will remain closed. This restriction will continue until 48 hours after the conclusion of the board meeting.

The notice regarding this meeting is available on the company's official website as well as on the BSE and NSE stock exchange websites.

Race Eco Chain Limited has announced that its material subsidiary, M/s. Ganesha Recycling Chain Pvt Ltd, has executed an Admission cum Reconstitute deed dated 15th May, 2026 with M/s. Shubhlaxmi Ecoplast LLP. Pursuant to this agreement, Ganesha Recycling Chain Pvt Ltd has acquired a 51% stake and profit-sharing ratio in Shubhlaxmi Ecoplast LLP, making it a subsidiary of Ganesha Recycling Chain Pvt Ltd and consequently a step-down subsidiary LLP of Race Eco Chain Limited. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details at a Glance

The following table summarises the key parameters of the acquisition as disclosed by the company:

Strategic Rationale

The acquisition is described as part of the overall corporate objectives of Ganesha Recycling Chain Pvt Ltd to expand its business. The fixed capital contribution of ₹2,30,00,000 (Rupees Two Crore Thirty Lac Only) has been invested to secure the 51% stake in Shubhlaxmi Ecoplast LLP. The transaction was conducted on a cash basis, and no governmental or regulatory approvals were required to complete the acquisition.

About Shubhlaxmi Ecoplast LLP

M/s. Shubhlaxmi Ecoplast LLP operates in the recycling industry and is engaged in a broad range of activities related to plastic and polymer waste management. Its business encompasses:

• Buying, selling, trading, processing, recycling, grinding, importing, and exporting of all types of plastic and polymer scraps and waste
• Dealing in materials including Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), and other plastic polymers
• Handling resins, synthetic and non-synthetic materials, granules, chips, and fibers
• General waste management and waste processing of all types of materials

The entity reported a turnover of 80.24 in Lac as on 2025.

Related Party and Promoter Interest

Following the completion of the transaction, Shubhlaxmi Ecoplast LLP will become a related party of Race Eco Chain Limited. However, the company has clarified that no promoter, promoter group, or group companies held any interest in the entity being acquired prior to this transaction. The acquisition is therefore not subject to related party transaction considerations on the part of the promoter group.

The intimation was signed by Shiwati, Company Secretary and Compliance Officer of Race Eco Chain Limited, and submitted to both the Bombay Stock Exchange Limited and the National Stock Exchange Limited on 15th May, 2026.