Race Eco Chain divests stake in Prime Industries for ₹88.54 Lakhs

Race Eco Chain Limited has divested its stake in Prime Industries Limited for ₹88.54 Lakhs, resulting in the latter ceasing to be an associate company. The transaction involved the sale of 2,10,000 equity shares, aggregating to 0.99% of the paid-up share capital of Prime Industries. The sale was completed on June 30, 2026, marking the end of the associate relationship between the two entities.

The divestment was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the transaction was a related party deal executed at arm's length. The consideration for the sale was fixed at ₹88,53,600.

Financial disclosures regarding the associate company for the financial year ended March 31, 2026, highlighted the significant impact of the divestment. Prime Industries had contributed 53.58% to the consolidated income, amounting to ₹331.5 Lakhs. Additionally, the associate accounted for 17.65% of the consolidated net worth, which stood at ₹1,527.11 Lakhs as of March 31, 2026.

Transaction Details

The agreement for the sale was entered into on June 30, 2026, with the completion of the disposal occurring on the same day. The company confirmed that the sale did not fall under a scheme of arrangement.

Parameter	Details
Name of Associate Company	Prime Industries Limited
Shares Sold	2,10,000 equity shares
Percentage Divested	0.99%
Sale Consideration	₹88,53,600
Date of Agreement	June 30, 2026
Date of Completion	June 30, 2026
Related Party Transaction	Yes (Arm's length)

The information was submitted to the Bombay Stock Exchange and National Stock Exchange by Shiwati, Company Secretary & Compliance Officer of Race Eco Chain Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.63%	-1.88%	+3.77%	-14.64%	-52.63%	-55.47%

Race Eco Chain reported a consolidated net profit of ₹419.47 lakh for the financial year ended March 31, 2025, compared to ₹154.70 lakh in the previous year. Revenue from operations for the year rose to ₹55,509.54 lakh from ₹34,748.13 lakh in FY24. The board approved the audited financial results at its meeting held on May 30, 2025.

On a standalone basis, the company posted a net profit of ₹321.50 lakh for FY25, an increase from ₹156.72 lakh in the prior year. Standalone revenue from operations grew to ₹40,022.91 lakh from ₹33,840.00 lakh. For the quarter ended March 31, 2025, the standalone net profit was ₹126.88 lakh on revenue of ₹13,000.00 lakh.

The company’s total comprehensive income for the consolidated year was ₹316.08 lakh, while standalone total comprehensive income stood at ₹272.37 lakh. Earnings per share (EPS) on a consolidated basis for the year was ₹2.49 (basic) and ₹2.45 (diluted). Standalone EPS for the year was ₹2.23 (basic) and ₹2.20 (diluted).

Consolidated Financial Performance

Metric	FY25 (₹ in lakhs)	FY24 (₹ in lakhs)
Revenue from Operations	55,509.54	34,748.13
Total Income	55,599.40	34,818.00
Total Expenses	55,051.00	34,545.10
Profit for the Year	419.47	154.70

Standalone Financial Performance

Metric	FY25 (₹ in lakhs)	FY24 (₹ in lakhs)
Revenue from Operations	40,022.91	33,840.00
Total Income	40,134.38	33,907.39
Total Expenses	45,665.06	33,647.17
Profit for the Year	321.50	156.72

The statutory auditors, M/s Garg Arun & Associates, issued an unmodified opinion on both the standalone and consolidated financial results. The company engaged in acquisitions during the year, including stakes in Silverline Eco Thrive Limited, Ganesha Recycling Chain Private Limited, and Vasundhara Envirogreen Private Limited.