Pls find attached Outcome of the Meeting
RACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Race Eco Chain Ltd's Board meeting on May 30, 2026 approved two key items: (1) appointment of Mr. Sujeet Thakur as CFO with immediate effect, replacing/adding to the finance leadership; and (2) audited standalone and consolidated financial results for FY2026 ending March 31. Standalone revenue declined to ₹38,182 lakhs from ₹46,030 lakhs (down 17% YoY) with net profit falling to ₹230 lakhs from ₹376 lakhs (down 39%). However, consolidated revenue grew to ₹61,875 lakhs from ₹55,510 lakhs (up 11.5%) with net profit rising to ₹729 lakhs from ₹419 lakhs (up 74%). The improvement in consolidated results was driven by new subsidiaries including Ganesha Recycling Chain and Grassland Private Limited (51% stake acquired in March 2026). Auditors issued unmodified opinions on both standalone and consolidated financials.
The standalone profit decline despite new acquisitions may concern short-term investors, but the strong consolidated performance and new subsidiary growth trajectory are positive signals. The appointment of a new CFO with 15 years of finance experience may improve financial management. The company appears to be in a transition phase with revenue shifting to consolidated entities.