News Orders & Deals Race Eco Chain Limited Board Approves Investment in Proposed Subsidiary Race Grassland Private LimitedRace Eco Chain Limited Board Approves Investment in Proposed Subsidiary Race Grassland Private Limited
Race Eco Chain Limited's board approved investing Rs. 7.65 lakh for a 51% stake in proposed subsidiary Race Grassland Private Limited on February 20, 2026. The new entity will focus on recycling and biomass energy production using agricultural and organic waste materials. The subsidiary will operate in the green energy sector, producing briquettes, pellets, and biogas through compression and gasification processes without using fossil fuels, positioning the company for Carbon Credit Schemes under government initiatives.
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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.
| Parameter: | Details |
|---|---|
| Investment Amount: | Rs. 7,65,000 |
| Share Price: | Rs. 10 per equity share (face value) |
| Ownership Stake: | 51% equity shares |
| Proposed Authorised Capital: | Rs. 15,00,000 |
| Proposed Paid-Up Capital: | Rs. 15,00,000 |
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
| Aspect: | Details |
|---|---|
| Target Entity: | Race Grassland Private Limited |
| Industry: | Recycling |
| Current Status: | Yet to be incorporated |
| Market Presence: | India |
| Regulatory Approvals: | Not Applicable |
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.
Historical Stock Returns for Race Eco Chain
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | +1.31% | +6.70% | -44.06% | -59.09% | -50.79% |
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