Race Eco Chain Limited has announced a strategic investment of ₹1.02 crore in its subsidiary Ganesha Recycling Chain Private Limited, reinforcing its commitment to expanding operations in the recycling sector. The investment was executed through subscription to a rights issue, with the company receiving an allotment of 1,02,000 equity shares on May 2, 2025. The disclosure was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details and Share Allotment

The transaction maintains Race Eco Chain Limited's controlling stake in the subsidiary at 51% ownership. The investment was structured as a cash consideration through rights issue subscription, demonstrating the parent company's continued confidence in the subsidiary's business prospects.

Subsidiary Company Profile

Ganesha Recycling Chain Private Limited operates as a focused recycling business entity within Race Eco Chain's portfolio. The subsidiary was incorporated on September 10, 2024, establishing its presence in India's growing recycling industry.

Regulatory Compliance and Transaction Structure

The investment falls under related party transactions as defined by SEBI regulations, given the subsidiary relationship between the entities. Race Eco Chain Limited confirmed that the transaction was conducted on an arms-length basis, ensuring compliance with regulatory requirements.

Key regulatory aspects of the transaction include:

• Compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements
• Arms-length transaction basis maintained
• No additional governmental or regulatory approvals required
• Full disclosure provided to stock exchanges

Strategic Business Expansion

The investment aligns with Race Eco Chain Limited's corporate objectives to strengthen its position in the recycling sector. As part of the company's overall business expansion strategy, this additional funding is expected to support Ganesha Recycling Chain's operational development and market presence in India's recycling industry. The transaction represents Race Eco Chain's continued commitment to building a comprehensive recycling ecosystem through its subsidiary operations, leveraging the growing opportunities in India's waste management and recycling sectors.

Race Eco Chain Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulations. The company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE and NSE on April 7, 2026.

Regulatory Compliance Certificate Details

The certificate was issued by M/s Skyline Financial Services Private Limited, the company's registered and share transfer agent. The document confirms compliance with quarterly reporting requirements for the period ended March 31, 2026.

Certificate Confirmation

The certificate specifically confirms that no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026. This confirmation is a standard requirement under SEBI's depositories and participants regulations, ensuring transparency in share transfer and dematerialization processes.

Stock Exchange Communication

Race Eco Chain Limited communicated the compliance certificate to both major stock exchanges where its shares are listed. The company's shares trade on BSE under scrip code 537785 and on NSE under the symbol RACE. Company Secretary and Compliance Officer Shiwati signed the communication digitally, demonstrating the company's commitment to regulatory compliance.

About the Filing

This quarterly compliance certificate represents Race Eco Chain Limited's adherence to SEBI's regulatory framework governing depositories and participants. The filing ensures that all stakeholders, including investors and regulatory authorities, are informed about the company's share transfer and dematerialization activities during the specified quarter.