Race Eco Chain Ltd (RACE) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Race Eco Chain Ltd on NSE and BSE, with an AI summary of each filing.
RACE ECO CHAIN LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2027 .
Intimation · 13 Nov 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 13 Nov 2026, 5:30 am
Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....
Intimation · 13 Nov 2026, 5:30 am
Race Eco Chain Schedules Board Meeting to Approve Q2 Results Race Eco Chain Limited will hold a Board of Directors meeting on 13th Nov'26 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended 30th Sep'26. Consequently, the trading window for dealing in company securities remains closed and will reopen 48 hours after the conclusion of the board meeting.
The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on October ....
Encumbered Shares - Invocation / Release · 05 Oct 2026, 5:34 pm
Race Eco Chain Promoters Pledge Entire 44.79% Stake for Personal Borrowings Promoters of Race Eco Chain Ltd—Dinesh Pareekh, Sangeeta Pareekh, and BLP Equity Research Pvt Ltd—pledged 100% of their holdings, totaling 77,30,100 shares (44.79% of total share capital), on 8th Sep'26 in favor of Share India Securities Ltd. The pledged shares, valued at Rs 75.37 cr (at Rs 97.50 per share), secure a borrowing of Rs 59.16 cr (asset cover ratio of 1:0.785). The borrowed funds are designated entirely for the personal use of the promoters and PACs, with nil direct benefit to the listed entity.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 01, 2026 for Dinesh Pareekh & Others
Encumbered Shares - Invocation / Release · 05 Oct 2026, 4:49 pm
Race Eco Chain Promoters Pledge Entire 44.79% Stake Promoters of Race Eco Chain Limited, including Dinesh Pareekh, Sangeeta Pareekh, and BLP Equity Research Pvt Ltd, pledged 100% of their shareholding, totaling 77,30,100 equity shares (44.79% of total share capital), on 8th Sep'26. The pledge was created in favor of Share India Securities Limited for personal borrowings amounting to Rs 59.16 cr against a total pledged share value of Rs 75.37 cr (assessed at Rs 97.50 per share). Consequently, the entire promoter holding stands fully encumbered with no loan proceeds allocated to the company.
Intimation for the Further Investment in the Subsidiary Company
Others (Uncategorized) · 30 Sept 2026, 1:02 am
Race Eco Chain Invests ₹1.02 Crore in Subsidiary Ganesha Recycling Chain Race Eco Chain Limited's material subsidiary, Ganesha Recycling Chain Private Limited, approved the allotment of 1,02,000 equity shares via a rights issue on 29th Sep'26. The cash investment aggregates to ₹1.02 crore, maintaining Race Eco Chain's controlling stake at 51%. Incorporated on 10th Sep'24, the recycling arm reported turnovers of ₹0.01 lakh in FY25 and ₹21.19 lakh in FY26. The related-party transaction was executed at arm's length to support overall corporate objectives and drive business expansion.
Pls find Enclosed AGM Voting Results along with Scrutinizer Report
Annual General Meeting · 29 Sept 2026, 2:35 am
Pls find enclosed Outcome of AGM 2026
Annual General Meeting · 26 Sept 2026, 9:06 pm
Observation letter received from the Stock exchange in Draft Composite Scheme of arrangement between Race Eco chain Limited (Demerged Company) and Geoeco Green energy limited (Resultant ....
Others (Uncategorized) · 22 Sept 2026, 12:49 am
RACE Receives Stock Exchange Clearance for Composite Demerger Scheme Race Eco Chain Ltd received observation letters with "no adverse observations" / "no objection" from BSE (dated 18th Sep'26) and NSE (dated 21st Sep'26) for its draft composite scheme of arrangement. The scheme involves demerging its Biomass Division into Geoeco Green Energy Ltd and Restore Bag Division into Race Gateway Ltd under Sections 230–232 of the Companies Act, 2013. The observation letters are valid for six months to enable NCLT filing, with resultant entities required to complete listing within 60 days of NCLT approval.
Intimation for the further Investment Intimation in Subsidiary Company.
Others (Uncategorized) · 08 Sept 2026, 7:01 pm
Race Eco Chain Invests ₹4.67 Crore in Ganesha Recycling Chain Race Eco Chain Limited announced that its material subsidiary, Ganesha Recycling Chain Private Limited, approved the allotment of 93,379 0.01% Compulsorily Convertible Cumulative Preference Shares (CCPS) at ₹10 face value to the company on 7th Sep'26. The transaction involves an aggregate cash consideration of ₹4.67 crore at arm’s length. Following the acquisition, Race Eco Chain maintains its 51% ownership stake in the recycling subsidiary. Ganesha Recycling's turnover grew from ₹0.01 lakh in 2025 to ₹21.19 lakh in 2026.
Please Find attached Letter for Dispatched of Annual Report 2025-2026
Annual Report · 01 Sept 2026, 8:08 pm
Annual Report for the Financial Year 2025-2026
Others (Uncategorized) · 01 Sept 2026, 6:47 pm
Please Find enclosed Notice of AGM 2026
Annual General Meeting · 01 Sept 2026, 6:35 pm
Intimation for the Show Cause Notice.
Others (Uncategorized) · 31 Aug 2026, 10:18 pm
Race Eco Chain Receives INR 16.74 Cr GST Show Cause Notice Race Eco Chain has received a Demand cum Show Cause Notice from the CGST Commissionerate, Noida. The notice, received on 29 Aug'26, alleges wrongful availment of Input Tax Credit (ITC) amounting to INR 16.74 cr for the period FY21 to Jun'26. The alleged ITC was from suppliers whose registrations were cancelled. The company believes the ITC availed was compliant, is seeking legal advice, and will respond within 30 days. Management does not expect an immediate financial or operational impact, pending the adjudication process.
Intimation for the Investment in the Subsidiary Company
Others (Uncategorized) · 15 Aug 2026, 1:33 am
Race Eco Chain Invests in Subsidiary, Stake Unchanged at 51% Race Eco Chain Limited has invested an additional INR 1.02 Cr in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue. On 14 Aug'26, Race Eco Chain was allotted 1,02,000 equity shares for cash consideration. Following this investment, the company's ownership stake in the recycling subsidiary will remain unchanged at 51%. The transaction is classified as a related party transaction conducted at arm's length. Ganesha Recycling's turnover was INR 21.19 lakh in 2026, up from INR 0.01 lakh in 2025.
Pls find Intimation for the Re-appointment of Managing Director
Others (Uncategorized) · 12 Aug 2026, 11:14 pm
Race Eco Chain Q1FY27 Results & Key Appointments Race Eco Chain reported Q1FY27 consolidated results with revenue at ₹19,106.45 lakhs and PAT at ₹103.47 lakhs. On a standalone basis, revenue was ₹9,317.50 lakhs with PAT of ₹60.99 lakhs. The Board approved the results on 12th Aug'26. Key decisions include the re-appointment of Mr. Sunil Kumar Malik as Managing Director for three years, effective 02nd Oct'26. Additionally, M/s. Akshay Singhla & Associates were appointed as statutory auditors for a five-year term, and M/s. Modi Harsh & Co. as internal auditors for FY27.
Appointment of Internal Auditor for the F.Y 2026-2027
Others (Uncategorized) · 12 Aug 2026, 10:59 pm
RACE Eco Chain Board Approves Q1 Results, Key Appointments Race Eco Chain reported Q1FY27 standalone results for the quarter ended 30th Jun'26. Revenue from operations was ₹9,317.50 lakh, down 13.9% QoQ and 5.7% YoY. PAT stood at ₹60.99 lakh, a decline of 25.1% QoQ but up 149.3% YoY. The Board re-appointed Sunil Kumar Malik as Managing Director for a three-year term from 02nd Oct'26. It also appointed M/s. Modi Harsh & Co. as Internal Auditor for FY27 and M/s. Akshay Singhla & Associates as Statutory Auditors for five years.
Pls find enclosed the Intimation for the appointment of the Statutory Auditor subject to the approval of the Shareholders
Change in Auditor · 12 Aug 2026, 10:52 pm
Race Eco Chain: Q1FY27 Results & Key Management Changes Race Eco Chain reported Q1FY27 standalone PAT of ₹61 lakh, down 25% YoY but up from a loss QoQ. Revenue from operations fell 6% YoY to ₹9,318 lakh. At the consolidated level, PAT stood at ₹103 lakh versus ₹41 lakh YoY, while revenue grew 22% YoY to ₹19,106 lakh. The board re-appointed Mr. Sunil Kumar Malik as MD for three years from 02nd Oct'26. Additionally, M/s. Akshay Singhla & Associates were appointed as statutory auditors for a five-year term, effective from the 26th AGM.
Pls find enclosed Financial Results for June 30-06-2026
Financial Result · 12 Aug 2026, 10:45 pm
RACE Eco Chain: Q1 FY27 Results and Key Board Decisions Race Eco Chain reported Q1 FY27 consolidated results with Revenue from Operations at ₹19,106.45 lakhs and Profit After Tax (PAT) at ₹103.47 lakhs. This compares to revenue of ₹18,247.66 lakhs and PAT of ₹196.02 lakhs in Q4 FY26. On a YoY basis, revenue grew from ₹15,672.60 lakhs while PAT declined from ₹41.35 lakhs. The Board re-appointed Sunil Kumar Malik as MD for three years, effective 02nd Oct'26. New statutory auditors (Akshay Singhla & Associates) and internal auditors (Modi Harsh & Co.) were also appointed.
Please find attached Outcome of the Boar Meeting 12-08-2026
Outcome · 12 Aug 2026, 10:37 pm
Race Eco Chain Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Lakh) ■ Revenue: 19,106 (+21.9% YoY | +4.7% QoQ) ■ EBITDA: 358 (+23.1% YoY | -16.3% QoQ) ■ EBITDA Margin (%): 1.9 (+2 bps YoY | -47 bps QoQ) ■ PAT: 110 (+218.8% YoY | -40.6% QoQ) ■ EPS (INR): 0.60 (-46.9% YoY | -47.4% QoQ) Race Eco Chain Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Lakh) Segmental Performance Recycle Division ■ Revenue: 18,455 (+18.8% YoY | +6.0% QoQ) ■ EBIT: 344 (+23.5% YoY | +77.4% QoQ) ■ EBIT Margin (%): 1.9 (+7 bps YoY | +75 bps QoQ) Restore Division ■ Revenue: 62.4 (-42.3% YoY | -81.0% QoQ) ■ EBIT: 1.5 (-53.0% YoY | -99.0% QoQ) ■ EBIT Margin (%): 2.5 (-56 bps YoY | -4396 bps QoQ) Biomass Division ■ Revenue: 589 (+1685.7% YoY | +16.3% QoQ) ■ EBIT: 24.7 (+2101.8% YoY | +44.0% QoQ) ■ EBIT Margin (%): 4.2 (+79 bps YoY | +80 bps QoQ)
Pls Find attached Updates on Disinvestment intimation made on 30th June, 2026.
Others (Uncategorized) · 12 Aug 2026, 7:04 pm
Race Eco Chain Divests Stake in Associate Prime Industries Race Eco Chain has divested its entire 0.99% stake (210,000 shares) in associate company Prime Industries for ₹88.54 lacs. The transaction agreement was made on 30th Jun'26, with completion on 01st Jul'26, at which point Prime Industries ceased to be an associate. As of 31st Mar'26, Prime Industries contributed 53.58% (₹331.5 lacs) to Race Eco Chain's consolidated income and represented 17.65% (₹1,527.11) of its consolidated net worth. The divestment was a related-party transaction conducted at arm's length.
Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....
Intimation · 12 Aug 2026, 5:30 am
Race Eco Chain Board Meeting Set for Aug 12th to Approve Q1 Results Race Eco Chain Ltd. has scheduled a Board of Directors meeting for 12th Aug'26 to consider and approve the un-audited standalone and consolidated financial results for the quarter ended 30th Jun'26. The agenda also includes the appointment of the Statutory and Internal Auditors, and the re-appointment of the Managing Director. The trading window for insiders will remain closed until 48 hours after the meeting's conclusion.
Intimation for the Corporate Guarantee
Others (Uncategorized) · 03 Aug 2026, 10:22 pm
Race Eco Chain Extends Corporate Guarantee to Material Subsidiary Race Eco Chain Limited announced on 03 Aug'26 that it is extending a corporate guarantee for a credit facility of Rs. 4.97 crore sanctioned by Bank of India. The guarantee is for its material subsidiary, M/s. Silverline Eco Thrive Limited. The transaction is conducted on an arm's length basis, with no interest from the promoter group, barring a common directorship. The company states there is no immediate financial impact beyond the required disclosure in its financial statements.
Intimation of Further Investment in the Subsidiary Company Ganesha Recycling Chain Private Limited.
Others (Uncategorized) · 18 Jul 2026, 12:48 am
Race Eco Chain Invests ₹1.17 Crore in Subsidiary via Rights Issue Race Eco Chain Limited invested ₹1.17 crore (₹1,17,30,000) in its subsidiary, Ganesha Recycling Chain Private Limited, via a rights issue on 17th Jul'26. The company subscribed to 1,17,300 equity shares through a cash consideration. Following this investment, which is part of its business expansion strategy, Race Eco Chain's ownership stake in the recycling subsidiary remains unchanged at 51%. The transaction is classified as a related party transaction conducted on an arm's length basis.
Participation in 3rd Global Conclave on Plastic Recycling and Sustainability.
Others (Uncategorized) · 02 Jul 2026, 3:51 pm
Race Eco Chain to Participate in Global Plastic Recycling Conclave Race Eco Chain Limited announced its participation in the 3rd Global Conclave on Plastic Recycling and Sustainability. The international exhibition is scheduled from 02nd Jul'26 to 05th Jul'26 at Bharat Mandapam (Pragati Maidan), New Delhi. This participation underscores the company's focus on the recycling and circular economy sector, providing a platform to showcase its initiatives and network within the industry.