Race Eco Chain Limited — Others, 28-03-2025: Action(s) initiated or orders passed

Race Eco Chain Limited has announced a board meeting to discuss the recent search operation conducted by the GST Department at its corporate office, which occurred on March 27. The operation was related to an alleged reversal of excess claim of Input Tax Credit (ITC). The company has paid ₹1.90 cr under protest but anticipates no impact on its operations. This situation may create a cautious atmosphere among investors, though the lack of operational disruption leads to a positive outlook for the company’s financial stability moving forward.