Summary of Key Information:
Acquirer / Investor: Race Eco Chain Limited
Target Company: Ganesha Recycling Chain Private Limited
Stock Exchange Listings:
NSE Scrip Code: RACE
BSE Scrip Code: 537785
Nature of Transaction / Event: Investment in subsidiary company via rights issue subscription
Date of Transaction: 29/09/2026 (Board Meeting date)
Number of Shares Affected: 1,02,000 equity shares
% of Total Shareholding / Voting Capital Affected: 51% ownership maintained
Mode of Transaction / Action: Subscription towards Rights Issue
Consideration: ₹1,02,00,000 (Rupees One Crore Two Lakh Only)
Shareholding / Promoter Snapshot:
Before Transaction/Event:
- Shares Held: Not specified in disclosure
- % of Total Capital: 51%
After Transaction/Event:
- Shares Held: Increased by 1,02,000 shares
- % of Total Capital: 51% (unchanged)
Other Noteworthy Information:
- Ganesha Recycling Chain Private Limited is a Material Subsidiary of Race Eco Chain Limited
- The transaction falls within related party transactions as the subsidiary is a related party
- Promoter/promoter group/group companies have no interest in the entity
- Investment made at arm's length basis
- No governmental or regulatory approvals required for the acquisition
- Payment method: Cash consideration
- Company incorporation date: 10/09/2024
- Authorized Capital: ₹10,00,00,000
- Paid-Up Capital: ₹7,93,00,000
- Paid-up Preference Capital: ₹9,33,790
- Business: Recycling industry
- Market: India
- Turnover history: 2025 - ₹0.01 Lakh, 2026 - ₹21.19 Lakh
Analyst Notes:
The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The investment maintains the parent company's controlling stake while providing additional capital to the growing recycling subsidiary.