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Race Eco Chain (#RACE) has divested 2,10,000 equity shares, representing a 0.99% stake, in Prime Industries Limited for ₹0.885 Cr.
**Issue & Impact:** As a result of this sale, Prime Industries Limited is no longer an Associate Company of Race Eco Chain. This is a significant development as Prime Industries contributed 53.58% (₹3.315 Cr) to RACE's consolidated income and 17.65% (1527.11) to its associate consolidated net worth in the last financial year (FY26). The removal of this associate will significantly alter RACE's future consolidated financial statements.
**Company’s Response:** The divestment of the stake is the company's stated action. The transaction was identified as a related party transaction but executed at arm’s length. Investors will be keenly watching for the strategic rationale behind exiting such a material contributor and its implications for RACE's future growth trajectory.