Annual Secretarial Compliance Report 2026
RACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Race Eco Chain Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, reviewed by CS Hemant Kumar Sajnani of HKS & Associates LLP. The report identifies one material compliance violation: the company failed to submit financial results within the prescribed timeline under Regulation 33, and SEBI imposed a fine of Rs. 47,200/- (including GST), which has been paid. Additionally, there were procedural delays in recording entries in the Structured Digital Database under Insider Trading Regulations. The company saw significant changes in its subsidiary structure during the year, including Ganesha Recycling Chain Pvt Ltd becoming a material subsidiary, acquisition of GEM Polymers Pvt Ltd as a step-down subsidiary, and RACE Grassland Private Limited becoming a new subsidiary. Disinvestment was made in India Polymers Private Limited.
The SEBI fine and compliance delays are minor negatives but have been addressed. The fine payment indicates resolution of the regulatory concern. The expansion in subsidiary structure suggests strategic growth but warrants monitoring for execution risks.