Latest news about Race Eco Chain
Race Eco Chain
111.30
-0.70(-0.63%)
Company Performance:
View Company Insights1D-0.63%
1M+3.77%
6M-14.64%
1Y-52.63%
5Y-55.47%
More news about Race Eco Chain
04Jun 26
Race Eco Chain to participate in BIOFUEL EXPO 2026
Race Eco Chain Limited announced it will participate in BIOFUEL EXPO 2026, a major trade exhibition for the biofuel industry, taking place from June 04 to June 06, 2026 at the India Expo Centre & Mart in Greater Noida, UP.
01Jun 26
Race Eco Chain FY26 profit rises on higher income
Race Eco Chain reported a consolidated net profit of ₹729.47 lakh for FY26, up from ₹419.47 lakh in FY25, driven by higher total income of ₹62,041.07 lakh. The company submitted the newspaper advertisement for its audited Q4 and FY26 results to the exchanges.
23May 26
Race Eco Chain reschedules board meeting to May 30
Race Eco Chain Limited has rescheduled its board meeting to May 30, 2026, originally set for May 29, 2026. The meeting will consider the audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. Additionally, the board will note the resignation of CFO Mr. Piyanshu Sharma and appoint a new CFO. The trading window remains closed until 48 hours after the meeting concludes.
19May 26
Race Eco Chain's Material Subsidiary Acquires 51% Stake in Shubhlaxmi Ecoplast LLP for ₹2,30,00,000
Race Eco Chain Limited's material subsidiary, M/s. Ganesha Recycling Chain Pvt Ltd, has acquired a 51% stake in M/s. Shubhlaxmi Ecoplast LLP through a cash consideration of ₹2,30,00,000 (Rupees Two Crore Thirty Lac Only) via an Admission cum Reconstitute deed dated 15th May, 2026. Shubhlaxmi Ecoplast LLP, which reported a turnover of 80.24 in Lac as on 2025, operates in the recycling of plastic and polymer scraps and waste. The acquisition will make Shubhlaxmi Ecoplast LLP a subsidiary of Ganesha Recycling Chain Pvt Ltd and a step-down subsidiary LLP of Race Eco Chain Limited, with no regulatory approvals required for the transaction.
13May 26
Race Eco Chain Subsidiary Infuses Rs. 2 Crore in GEM Polymers, Acquires 49% Stake
Race Eco Chain Limited disclosed under Regulation 30 of SEBI LODR Regulations that its subsidiary Ganesha Recycling Chain Private Limited has invested Rs. 2,00,00,000 in step-down subsidiary GEM Polymers Private Limited, acquiring a 49% equity stake through 2,00,000 shares at Rs. 10 face value each, paid entirely in cash. GEM Polymers, incorporated on 04th January, 2024, operates in the recycling sector in India with nil reported turnover. The transaction is classified as a related party transaction, with no promoter or group company interest, and required no regulatory approvals.
13May 26
Race Eco Chain CFO Resigns; Subsidiary Invests ₹2 Crore in Gem Polymers
Race Eco Chain Limited reported two corporate developments: CFO Piyanshu Sharma's resignation effective 12 May 2026 for personal reasons, with the company seeking a replacement; and subsidiary Ganesha Recycling Chain's ₹2 Crore investment in step-down subsidiary Gem Polymers through 200,000 equity shares at face value.
04May 26
Race Eco Chain Limited Invests ₹1.02 Crore in Subsidiary Ganesha Recycling Chain
Race Eco Chain Limited has invested ₹1,02,00,000 in its subsidiary Ganesha Recycling Chain Private Limited through a rights issue subscription, receiving 1,02,000 equity shares and maintaining a 51% controlling stake. The subsidiary, incorporated on September 10, 2024 with an authorized capital of ₹10,00,00,000 and paid-up capital of ₹7,30,00,000, operates in India's recycling industry. The transaction was conducted on an arms-length basis and disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.
07Apr 26
Race Eco Chain Limited Files SEBI Compliance Certificate for Q4 FY26
Race Eco Chain Limited filed its Q4 FY26 compliance certificate under SEBI Regulation 74(5) on April 7, 2026, covering the quarter ended March 31, 2026. The certificate from registrar Skyline Financial Services Private Limited confirms no physical share certificates were received for dematerialization during the quarter. This regulatory filing demonstrates the company's ongoing compliance with SEBI's quarterly reporting requirements for listed entities.
02Apr 26
Race Eco Chain Forfeits ₹17.20 Crore as Warrant Holders Fail to Exercise Option
Race Eco Chain Limited officially announced the forfeiture of ₹17.20 crore subscription amounts from 19.55 lakh convertible warrants after all 27 warrant holders failed to convert within the regulatory 18-month timeframe. The warrants were issued at ₹352 per warrant in October 2024, with major forfeitures including Petflakes Poymers India (4.62 lakh warrants) and Devbhoomi Commercial (4.32 lakh warrants).
31Mar 26
Race Eco Chain Reports GST Search at Noida Office with No Violations Found
Race Eco Chain has provided formal regulatory disclosure regarding GST search operations conducted at its Noida corporate office on March 27, 2026. The search, carried out by Commissioner CGST Commissionerate Noida, concluded with no violations found and no impact on the company's financial or operational activities.
19Mar 26
Aryan Malik Acquires Additional Shares in Race Eco Chain Limited Under SEBI Disclosure Norms
Aryan Malik has disclosed the acquisition of 5 additional shares in Race Eco Chain Limited through open market purchase on March 17, 2026, as required under SEBI regulations. Combined with his Person Acting in Concert Puja Malik's holding of 1008181 shares, their total stake remains at 5.84% of the company's voting capital. The disclosure confirms compliance with regulatory transparency requirements and clarifies that the acquirers are not part of the promoter group.
09Mar 26
Race Eco Chain Incorporates Subsidiary Race Grassland for Biomass Operations
Race Eco Chain Limited has incorporated Race Grassland Private Limited as its subsidiary, acquiring 51% stake for ₹7.65 lakh. The newly incorporated company will operate in recycling and biomass sectors, focusing on green energy production from waste materials and organic sources.
21Feb 26
Race 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.
07Feb 26
Race Eco Chain Limited Schedules Board Meeting for February 14, 2026 to Review Q3FY26 Financial Results
Race Eco Chain Limited has scheduled a board meeting for February 14, 2026, at 3:00 PM to consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. The meeting will be held at the company's Noida corporate office in compliance with SEBI Regulation 29 requirements, with formal notifications sent to both BSE and NSE on February 7, 2026.
20Jan 26
Race Eco Chain Limited Invests ₹51 Lakh in Subsidiary Ganesha Recycling Chain
Race Eco Chain Limited invested ₹51.00 lakh in subsidiary Ganesha Recycling Chain Private Limited on January 19, 2026, acquiring 51,000 equity shares at ₹100 per share through a rights issue. The investment maintains Race Eco Chain's 51% ownership stake in the subsidiary, which operates in the recycling industry and was incorporated on September 10, 2024. The transaction was conducted on an arms-length basis as part of the company's strategic expansion in the recycling sector.
15Dec 25
Race Eco Chain Board Approves Demerger Scheme and Governance Changes
Race Eco Chain Limited's board has approved a comprehensive demerger scheme separating its Biomass and Restore Bag divisions into two independent listed companies - Geo Eco Green Energy Limited and Race Gateway Limited. The restructuring includes specific share exchange ratios for shareholders, governance changes with Mr. Anil Kumar Behl's re-designation from Independent to Non-Independent Director, and corporate office relocation to support operational efficiency.
13Dec 25
Race Eco Chain Limited Independent Director Resigns, Continues as Non-Executive Director
Mr. Anil Kumar Behl has resigned as Non-Executive Independent Director of Race Eco Chain Limited, effective December 13, 2025, citing personal reasons. He will continue as a Non-Executive Director and remain on the Audit Committee, though stepping down as its Chairperson. Mr. Behl also serves as Managing Director of Gem Enviro Management Limited, holding key committee positions there. The company has announced this change in compliance with SEBI regulations.
22Nov 25
Race Eco Chain Reports Strong Q2 FY26 Performance with 36% Revenue Growth and Strategic Partnership with Ganesha Ecosphere
Race Eco Chain Limited, a plastic waste recycling and home furnishing company, reported impressive Q2 FY26 results. Standalone revenue grew 36% year-over-year to ₹460.30 crore, while Profit After Tax surged 140% to ₹3.76 crore. The company formed a joint venture with Ganesha Ecosphere Limited for rPET flake production and is expanding its waste collection network. Race Eco Chain also launched the RACE App for supply chain digitization and proposed a three-way business demerger to separate waste management, biomass, and recycled products operations.
19Aug 25
Race Eco Chain Reports 81% Revenue Surge in Q1 FY26, Unveils Strategic Expansion Plans
Race Eco Chain Limited reported strong Q1 FY26 results with consolidated revenue up 81% to ₹156.73 crore. The plastic packaging waste segment drove growth, increasing 97% to ₹155.31 crore. Profit After Tax surged 300% to ₹0.41 crore. The company aggregated 20,238 MT of plastic waste, up 5.5% YoY. Strategic initiatives include a joint venture with Ganesha Ecosphere Limited for rPET production, business demerger proposal, and launch of the RACE App. The company expanded its collection network and is setting up Reverse Vending Machines to promote sustainable practices.
12Aug 25
Race Eco Chain Limited Reports Q1 FY2026 Results and Appoints New Auditors
Race Eco Chain Limited announced Q1 FY2026 results with consolidated revenue of Rs. 15,672.60 lakhs, up from Rs. 8,644.42 lakhs year-over-year. Consolidated profit reached Rs. 41.30 lakhs. The company appointed M/s. SSAR & Associates as Internal Auditor for FY2025-2026 and M/s. HKS & Associates LLP as Secretarial Auditor for five years, subject to shareholder approval. The Recycle division led segment performance with Rs. 15,531.42 lakhs in revenue.
30May 25
Race Eco Chain Reports Improved Q4 EBITDA and Margin
Race Eco Chain, a leader in eco-friendly supply chain solutions, announced impressive Q4 financial results. The company's consolidated net profit doubled to ₹15.00 crore, up 114.29% year-over-year. Revenue surged by 123% to ₹1,900.00 crore. EBITDA increased to ₹34.00 crore from ₹10.00 crore, with the EBITDA margin improving to 1.76%. Despite these gains, there was a slight 6.25% quarter-over-quarter decline in net profit.
15Apr 25
Race Eco Chain Strengthens Recycling Portfolio with ₹25.50 Crore Investment in Subsidiary
Race Eco Chain Limited has invested ₹25.50 crore in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue. The company acquired 2,55,000 equity shares at ₹100 per share, maintaining its 51% ownership stake. This investment aligns with Race Eco Chain's strategy to expand in the recycling sector and strengthen its position in the circular economy.
01Apr 25
Race Eco Chain Faces GST Scrutiny: Pays ₹19.00 Crore Under Protest
Race Eco Chain, an eco-friendly packaging company, is under investigation by the GST Department for alleged excess Input Tax Credit claims. The company's office premises were searched, and in response, Race Eco Chain has paid ₹19 crore towards IGST under protest. This development raises concerns about regulatory compliance, financial impact, and corporate governance for investors.
28Mar 25
Race Eco Chain Faces GST Scrutiny: Pays ₹1.90 Crore Under Protest
Race Eco Chain Limited faced a GST Department search operation on March 27, 2025, at its Ghaziabad office over alleged GST Act contraventions. The company paid ₹1.90 crore under protest towards IGST for excess Input Tax Credit claims. Race Eco Chain states no expected impact on operations and continues normal business activities.
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458.15
(+9.27%)
464.85
(+2.16%)
484.00
(+2.33%)
365.85
(-1.40%)
352.60
(+10.36%)
279.45
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237.45
(+3.13%)
111.30
(-0.63%)
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