Race Eco Chain Limited — Important, 15-05-2026: Disclosure of material issue

Race Eco Chain's subsidiary, Ganesha Recycling Chain, has acquired a 51% stake in Shubhlaxmi Ecoplast LLP for a cash consideration of ₹2.30 Cr. This move is part of the company's objective to expand its recycling business, specifically in plastic and polymer scraps, and waste management. Shubhlaxmi Ecoplast LLP reported a turnover of ₹0.80 Cr in 2025. This acquisition makes Shubhlaxmi Ecoplast LLP a step-down subsidiary. The company clarified that promoters have no interest in the acquired entity, addressing potential related-party concerns. #RACE #Recycling #Acquisition #BusinessExpansion