Race Eco Chain Limited has confirmed the cut-off date for determining voting rights at its upcoming Annual General Meeting. The record date is set for Friday, September 28, 2026, superseding earlier indications of September 19. This clarification ensures shareholders holding equity on this date are eligible to vote electronically.

The company issued a compliance notice to the Bombay Stock Exchange and the National Stock Exchange on September 1, 2026. This submission confirms the publication of newspaper advertisements in "Financial Express" and "Jansatta" regarding the upcoming shareholder meeting.

Meeting Details

The 26th AGM will be held without the physical presence of shareholders. The format adheres to the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will transact business as outlined in the official AGM Notice.

Agenda Items

Shareholders will consider ordinary business including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting will also see the re-appointment of Mr. Lalit Kumar Malik as a Director, who retires by rotation.

Additionally, shareholders will vote on the appointment of Akshay Singhla & Associates as Statutory Auditors for a five-year term concluding with the 31st AGM. As special business, the Board seeks approval for the re-appointment of Mr. Sunil Kumar Malik as Managing Director for three years, from October 2, 2026, to October 1, 2029.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations. The company also cited compliance with circulars from the Ministry of Corporate Affairs and SEBI. Shiwati, the Company Secretary and Compliance Officer, signed the submission digitally on September 1, 2026.

E-Voting and Participation

The register of members will remain closed from September 20, 2026, to September 26, 2026. Remote e-voting begins on Wednesday, September 23, 2026, at 9:00 am and ends on Friday, September 25, 2026, at 5:00 pm.

Race Eco Chain received a demand cum show cause notice from the Principal Commissioner of Central Goods and Services Tax, Noida, on August 29, 2026. The notice concerns an input tax credit claim of ₹16,74,60,039 spanning FY2021 to June 2026.

The tax authority alleges that the company availed input tax credit from suppliers whose registrations had been cancelled by the department. The notice was issued under Section 74 and Section 74A of the Central Goods and Services Tax Act, 2017, and corresponding provisions of the Uttar Pradesh Goods and Services Tax Act, 2017. It also references Section 20 of the Integrated Goods and Services Tax Act, 2017.

Race Eco Chain disclosed the receipt of the notice to stock exchanges on August 31, 2026, noting that the document arrived on a Saturday, a non-working day for the firm. The company has not yet filed a formal response but plans to do so within 30 days of receipt.

Regulatory Context

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The filing aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates detailed reporting of regulatory actions.

The notice is currently at a preliminary stage. No final determination or adjudication order has been passed by the authority. Race Eco Chain maintains that the availed input tax credit was in accordance with applicable GST provisions. The company is obtaining legal advice and intends to pursue all available remedies under the law.

What the Numbers Show

The disputed amount of ₹16,74,60,039 represents a significant contingent liability if the tax department’s position is upheld. This figure covers a multi-year period from FY2021 through June 2026, indicating a systemic review of supplier compliance rather than an isolated transaction error. The company’s management stated that there is no immediate impact on operations, though financial implications will depend on the final adjudication outcome.