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.

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.

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