Race Eco Chain reported a consolidated net profit of ₹729.47 lakh for the financial year ended March 31, 2026, compared to ₹419.47 lakh in the previous year. Total consolidated income for the year stood at ₹62,041.07 lakh, up from ₹55,599.40 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results during a meeting held on May 30, 2026. The company submitted the newspaper advertisement for these audited financial results for the quarter and year ended March 31, 2026, to the Bombay Stock Exchange and National Stock Exchange on May 31, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

On a standalone basis, the net profit for the year was ₹229.62 lakh, a decrease from ₹375.76 lakh in the prior year, while total income fell to ₹38,424.83 lakh from ₹46,141.38 lakh. The company's finance costs increased significantly during the year, with consolidated finance costs rising to ₹820.03 lakh from ₹424.12 lakh in the previous year, and standalone finance costs increasing to ₹760.41 lakh from ₹405.15 lakh. The board attributed the financial results to the operations across its Recycle, Restore, and Biomass divisions.

Key Financial Metrics

The following table outlines the standalone and consolidated financial performance for the year ended March 31, 2026:

Segment Performance

The Recycle Division remained the primary revenue driver, contributing ₹60,060.87 lakh to the consolidated segment revenue for the year. The Restore Division and Biomass Division reported segment revenues of ₹987.80 lakh and ₹826.82 lakh respectively. The company noted that it invested in subsidiary companies during the year, including the acquisition of shares in Ganesha Recycling Chain Private Limited and the incorporation of Race Grassland Private Limited.

Auditor and Regulatory Compliance

M/s Garg Arun & Associates, Statutory Auditors, issued an unmodified opinion on the audited standalone and consolidated financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The company confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the submission of these results.

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.