Race Eco Chain Limited — Important, 17-04-2025: General Updates

Ganesha Recycling Chain Private Limited, a subsidiary of Race Eco Chain Limited, has invested ₹1.25 crore in GEM Polymers Pvt. Ltd., acquiring 1,25,000 equity shares at ₹10 each. This investment gives Ganesha a 93% stake in GEM Polymers, making it a subsidiary and a step-down subsidiary of Race Eco Chain. GEM Polymers is newly incorporated, focusing on plastic recycling, with no historical turnover as it was registered in January 2024. This strategic investment aligns with Ganesha's corporate objectives to expand its business in the recycling sector, providing a significant opportunity for growth in the evolving market for sustainable practices. Investors should monitor this development closely, as the integration of GEM Polymers could enhance the company’s portfolio and market position in the recycling industry.