Summary of Key Information:
Acquirer / Investor: Race Eco Chain Limited
Target Company: Ganesha Recycling Chain Private Limited
Stock Exchange Listings:
NSE Scrip Code: 537785
BSE Symbol: RACE
Nature of Transaction / Event: Further investment and allotment of equity shares in subsidiary company
Date of Transaction: 14/08/2026
Number of Shares Affected: 102,000 equity shares
% of Total Shareholding / Voting Capital Affected: 51% (maintained)
Mode of Transaction / Action: Subscription towards Rights Issue
Consideration: ₹1,02,00,000 (Rupees One Crore Two Lakh Only)
Shareholding Snapshot:
Before Transaction / Event:
- Shares Held: Not specified (maintained 51%)
- % of Total Capital: 51%
After Transaction / Event:
- Shares Held: Not specified (maintained 51%)
- % of Total Capital: 51%
Other Noteworthy Information:
- The transaction falls within related party transactions as Ganesha Recycling is a subsidiary
- The investment was made at arms' length basis
- Target company details:
- Authorised Capital: ₹10,00,00,000
- Paid-Up Capital: ₹7,73,00,000
- Incorporation Date: 10/09/2024
- Industry: Recycling
- Market: India
- Turnover: 2025 - ₹0.01 Lakh, 2026 - ₹21.19 Lakh
- The investment was made as part of overall corporate objective and business expansion
- No governmental or regulatory approvals were required for this acquisition
Analyst Notes: