Race Eco Chain Share Price Today

Race Eco Chain promoters pledge entire 44.79% stake for personal use

Promoters pledged 100% of their 44.79% stake in Race Eco Chain Limited. Total pledged shares amount to 77,30,100 equity shares held by three entities. Collateral value stands at ₹75.36 crore against a loan amount of ₹59.16 crore. Pledge created with Share India Securities Limited for personal purposes.

Race Eco Chain invests ₹1.02 crore in Ganesha Recycling via rights issue

Race Eco Chain invested ₹1.02 crore in Ganesha Recycling Chain Private Limited via rights issue. The company maintains a 51% equity stake in the recycling subsidiary. Ganesha Recycling's turnover rose from ₹0.01 lakh in FY25 to ₹21.19 lakh in FY26. Transaction is a related party deal conducted on an arm's length basis.

Race Eco Chain AGM passes all 4 resolutions with near-unanimous votes

Race Eco Chain's 26th AGM on September 26, 2026 passed all 4 resolutions with 99.9999% of valid votes in favour. A total of 8,034,054 votes were cast in favour out of 8,034,060 total votes polled, with only 6 votes against across all resolutions. Akshay Singhla & Associates (Firm Registration No. 039880N) appointed as Statutory Auditors for five consecutive years. Mr. Sunil Kumar Malik re-appointed as Managing Director for three years from October 2, 2026 to October 1, 2029. Total shareholder participation stood at 46.5548% of outstanding shares, with promoter group casting 100% of their held shares in favour.

Race Eco Chain gets exchange nod for draft demerger scheme

Race Eco Chain received no adverse observations from BSE and NSE for its draft demerger scheme. The company can now file the scheme with the National Company Law Tribunal. Biomass division transfers to Geoeco Green Energy; Restore Bag division to Race Gateway. Resultant entities must list securities within 60 days of NCLT order. Shareholders will receive detailed disclosures on valuation, share swap ratio, and financials.

Race Eco Chain invests ₹4.67 Cr in subsidiary Ganesha Recycling

Race Eco Chain invests ₹4.67 crore in subsidiary Ganesha Recycling Chain Pvt Ltd. Investment made via allotment of 93,379 0.01% CCPS shares at ₹10 face value. Subsidiary turnover rose from ₹0.01 lakh in 2025 to ₹21.19 lakh in 2026. Race Eco Chain maintains its 51% ownership stake post-investment. Transaction classified as related-party but executed at arm's length.

Race Eco Chain FY26 Results: Consolidated PAT rises 74% to ₹7.29 crore

Consolidated net profit rose 73.9% YoY to ₹7.29 crore for FY26. Operating revenue grew 11.5% to ₹618.75 crore, driven by recycling volumes. EBITDA expanded 46.4% to ₹14.20 crore, with margins widening by 55 bps. Standalone revenue contracted 17% while consolidated figures showed growth. AGM scheduled for September 26, 2026, to re-appoint MD Sunil Kumar Malik.