Race Eco Chain Limited has incorporated Race Grassland Private Limited as its subsidiary company, acquiring a 51% stake for ₹7.65 lakh. The incorporation was completed on March 9, 2026, with the subsidiary receiving CIN: U39000MP2026PTC082605.

Subsidiary Incorporation Details

The company has subscribed to 76,500 equity shares representing 51% of Race Grassland Private Limited at face value of ₹10 per share. The transaction establishes Race Eco Chain as the majority shareholder with controlling interest in the newly incorporated entity.

Business Objectives and Operations

Race Grassland Private Limited will operate in the recycling and biomass sector, focusing on producing briquettes, pellets, and green energy from various conventional and non-conventional sources. The subsidiary's business model encompasses waste management, biomass production through compression and gasification processes using materials including ground nut husk, coconut shell, wood shavings, and maize corn cobs.

Strategic Impact

The incorporation allows Race Eco Chain to expand its environmental and recycling operations while maintaining majority control over the subsidiary's strategic direction. The subsidiary will also engage in biogas manufacturing from organic waste, social forestry, and corporate farming activities, positioning the company to benefit from government subsidies and Carbon Credit Scheme opportunities.

This development demonstrates Race Eco Chain's commitment to diversifying within the environmental sector and establishing a stronger presence in biomass and waste management operations.

Race Eco Chain Limited announced that its board of directors has approved a strategic investment in a proposed subsidiary company during their meeting held on February 20, 2026. The board meeting, which commenced at 03:30 PM and concluded at 16:20 PM, focused on expanding the company's presence in the recycling and green energy sector.

Investment Details

The company has approved subscribing to 51% of the share capital in the proposed entity, Race Grassland Private Limited. The investment structure demonstrates Race Eco Chain's commitment to expanding its operations in the environmental sector.

Business Focus and Operations

Race Grassland Private Limited will operate in the recycling industry with a comprehensive focus on biomass energy production. The subsidiary's business model encompasses producing, buying, selling, and distributing various forms of green energy products through innovative processing methods.

The company's operations will include:

• Production of briquettes and pellets from organic waste materials
• Biomass energy generation through compression and gasification processes
• Processing of agricultural waste including groundnut husk, red gram stalk, and maize corn cobs
• Utilization of wood-based materials such as saw dust, wood shavings, and coconut shells
• Development of biogas manufacturing from human waste, animal waste, and food waste

Strategic Alignment

The proposed subsidiary aligns with Race Eco Chain's environmental focus, operating without fossil fuels like coal, diesel, or natural gases. This approach positions the company to benefit from Carbon Credit Schemes under various government initiatives. The subsidiary will also engage in social forestry, tissue-cultured agriculture, and cold storage facilities for product preservation.

Regulatory Compliance

The investment decision was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this subscription does not fall under Related Party Transactions, and no promoter or group companies have any interest in the proposed entity. Upon incorporation, Race Grassland Private Limited will become a subsidiary and related party of Race Eco Chain Limited.

Corporate Structure

The establishment of this subsidiary represents Race Eco Chain Limited's strategic expansion into comprehensive waste management and renewable energy production, leveraging various organic and agricultural waste materials to create sustainable energy solutions.