Race Eco Chain Subsidiary Acquires 51% Stake in Shubhlaxmi Ecoplast

Ganesha Recycling Chain Pvt Ltd, a material subsidiary of Race Eco Chain, executed a deed to acquire a 51% stake in Shubhlaxmi Ecoplast LLP.
The acquisition involved a fixed capital contribution of ₹2.30 crore, granting a 51% profit-sharing ratio in the recycling-focused LLP.
The transaction makes Shubhlaxmi Ecoplast a step-down subsidiary of Race Eco Chain and is classified as a related party transaction.
The disclosure is made pursuant to SEBI Listing Regulations (Regulation 30) and includes details as per the July 2023 circular.