Race Eco Chain Limited has announced a further investment of ₹51.00 lakh in its subsidiary Ganesha Recycling Chain Private Limited through a rights issue subscription. The investment was completed on January 19, 2026, with the company maintaining its controlling stake in the recycling-focused subsidiary.

Investment Details

The investment structure demonstrates Race Eco Chain's continued commitment to expanding its presence in the recycling sector:

The transaction was conducted through a rights issue, allowing Race Eco Chain to subscribe to additional equity shares in its subsidiary while maintaining its majority control with a 51% ownership stake.

Subsidiary Profile

Ganesha Recycling Chain Private Limited operates as a specialized entity within the recycling industry. The subsidiary's current financial structure reflects its recent incorporation and growth trajectory:

Regulatory Compliance

The investment falls under related party transactions as defined by SEBI regulations, given the parent-subsidiary relationship between the entities. Race Eco Chain has confirmed that:

• The transaction was conducted on an arms-length basis
• No promoter, promoter group, or group companies have any additional interest in the acquired entity
• The investment aligns with the company's overall corporate objectives
• No governmental or regulatory approvals were required for this acquisition

Strategic Rationale

The additional investment represents part of Race Eco Chain's broader corporate strategy to expand its business operations within the recycling sector. The company has indicated that this investment supports its overall corporate objectives and business expansion plans in the recycling industry, which aligns with its core business focus on recycling and circular economy solutions.

The transaction was completed entirely through cash consideration, demonstrating the parent company's financial commitment to strengthening its subsidiary operations and expanding its market presence in the recycling sector.