Race Eco Chain Limited has announced a change in its board composition with the resignation of Mr. Anil Kumar Behl from his position as Non-Executive Independent Director. The resignation, effective December 13, 2025, was communicated to both the Bombay Stock Exchange and National Stock Exchange of India as part of mandatory regulatory compliance under SEBI Listing Regulations.

Director Resignation Details

The company disclosed that Mr. Anil Kumar Behl (DIN: 00697588) tendered his resignation as Independent Director with immediate effect from December 13, 2025. The resignation was attributed to personal reasons, with the director confirming that there are no other material reasons for his decision beyond those mentioned in his resignation letter.

Continued Association with Company

Despite stepping down from his independent director role, Mr. Behl will continue his association with Race Eco Chain Limited as a Non-Executive Director. This transition allows him to maintain his contribution to the company while adjusting his responsibilities. He will also continue serving as a member of the Audit Committee, though he has stepped down from his position as Chairperson of the Audit Committee.

Other Directorships and Responsibilities

The regulatory filing revealed Mr. Behl's involvement with other listed entities. He serves as Managing Director of Gem Enviro Management Limited and holds several key committee positions within that organization:

• Chairperson of Audit Committee
• Chairperson of Nomination and Remuneration Committee (NRC)
• Member of Corporate Social Responsibility Committee (CSR)
• Member of Stakeholders Relationship Committee (SRC)

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to completing all necessary formalities related to the resignation, including filing required forms with the Ministry of Corporate Affairs and notifying other relevant authorities as required by law.

This board restructuring reflects the company's ongoing governance practices while ensuring continuity in leadership and oversight through Mr. Behl's continued involvement in a different capacity.

Race Eco Chain Limited, a company specializing in plastic waste recycling, home furnishing, and biomass products, has reported robust financial results for the second quarter of fiscal year 2026. The company's performance demonstrates significant growth, particularly in its core recycling division.

Financial Highlights

Race Eco Chain delivered strong quarterly results with standalone revenue of ₹460.30 crore, representing a 36% year-over-year growth. The company's Profit After Tax (PAT) reached ₹3.76 crore, marking a 140% year-over-year increase.

Strategic Partnership

Race Eco Chain has formed a joint venture with Ganesha Ecosphere Limited. This partnership aims to establish washing plants for the production of premium rPET (recycled polyethylene terephthalate) flakes, further strengthening the company's position in the recycling industry.

Business Expansion and Innovation

The company is actively expanding its waste collection network to enhance its operational capabilities. Race Eco Chain is also embracing digital transformation with the launch of the RACE App, designed to digitize its supply chain processes.

Proposed Business Restructuring

Race Eco Chain is proposing a three-way business demerger as a strategic move to unlock value across its diverse business segments. This restructuring will separate the company's operations into distinct entities focusing on:

1. Waste management
2. Biomass
3. Recycled products

Future Outlook

With its robust financial performance, strategic partnerships, and innovative initiatives, Race Eco Chain appears well-positioned in the sustainable solutions market. The company's focus on expanding its recycling business and digitizing operations suggests a commitment to long-term growth in the evolving environmental sector.

Note: All financial figures and strategic initiatives are based on the latest reported information for Race Eco Chain Limited.