Pls. find attached revised Disclosure
RACE · price
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Awaiting price reaction for this filing.
Race Eco Chain Ltd's board, at its meeting on February 20, 2026, approved investing in a newly proposed company called Race Grassland Private Limited, which will operate in the recycling and bio-mass/green energy sector. The company will subscribe to 51% of the equity share capital at face value of ₹10 per share, investing ₹7,65,000 (about 7.65 lakhs) to make it a subsidiary. The target entity is yet to be incorporated, with a proposed paid-up capital of ₹15 lakhs. The transaction is not a related-party deal, and the promoters have no interest in the new entity. No government or regulatory approvals are required for this investment.
This is a small greenfield investment (under ₹8 lakhs) to set up a subsidiary in the bio-mass and green energy recycling space, aligning with the company's existing recycling business. While the financial impact is minor, it signals management's intent to expand into green energy and carbon credit businesses, which could be a growth avenue if scaled up significantly in the future.