Race Eco Chain (RACE) — Corporate Action

📢 Key Event
Investment of INR 1.02 crore in Ganesha Recycling Chain Private Limited via rights issue

🔄 What Changed
51% stake maintained after allotment of 102,000 shares

💡 Investor Takeaway
The investment strengthens the company's recycling subsidiary ownership without changing control percentage.

Race Eco Chain Limited announced an INR 1.02 crore investment in Ganesha Recycling Chain Private Limited, acquiring 102,000 equity shares to maintain 51% ownership. The cash infusion supports the subsidiary's recycling business expansion, with turnover rising from 0.01 lakh in 2025 to 21.19 lakh in 2026.

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About Race Eco Chain Limited (RACE)

Services · Trading · Listed on NSE

Market Cap: ₹173.11 Cr P/E: 21.9 ROE: 14.6% ROCE: 15.7%

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🔥 Also filed on 14 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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