Race Eco Chain Limited has invested ₹1.17 crore in its subsidiary, Ganesha Recycling Chain Private Limited, to expand its business operations. The investment was made through a subscription to a rights issue, resulting in the allotment of 1,17,300 equity shares on July 17, 2026. This transaction maintains the company's existing 51% ownership stake in the subsidiary.

The investment was made on a cash basis at arm's length, as disclosed in a regulatory filing. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, operates in the recycling sector within India. The subsidiary has an authorised capital of ₹10 crore and a paid-up capital of ₹7.53 crore.

Transaction Details

The filing provides specific details regarding the investment and the subsidiary's financial structure:

Regulatory Disclosures

The transaction falls within the ambit of related party transactions as Ganesha Recycling Chain Private Limited is a subsidiary of Race Eco Chain Limited. However, the promoter, promoter group, or other group companies do not hold any interest in the entity. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

No specific governmental or regulatory approvals were required for this acquisition. The turnover for the newly incorporated subsidiary is currently not available (NA).

race eco chain Limited is set to participate in the 3rd Global Conclave on Plastic Recycling and Sustainability. The event serves as an international exhibition focused on advancements in plastic recycling and sustainable practices. The company’s involvement underscores its engagement with global developments in the circular economy sector.

The conclave is scheduled to take place from July 2 to 5, 2026. It will be held at Bharat Mandapam, specifically in Hall N-6 and Stall No-F-49 IECC at Pragati Maidan, New Delhi. This participation provides a platform for the company to showcase its initiatives and network within the industry.

Event Details

The following table outlines the key specifics regarding the event and Race Eco Chain Limited’s participation:

The disclosure was submitted to the Bombay Stock Exchange Limited and the National Stock Exchange Limited for information and record purposes. The filing confirms the company’s scheduled presence at the upcoming industry gathering.