Race Eco Chain Limited has informed regarding Disclosure of material issue on Investment by the Material subsidiary in to LLP and acquiring of 51% stake
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Race Eco Chain's material subsidiary, Ganesha Recycling Chain Pvt Ltd, has acquired a 51% profit-sharing stake in Shubhlaxmi Ecoplast LLP via an Admission cum Reconstitute deed dated 15th May 2026. The deal cost Rs 2.3 crore in cash, making the LLP a step-down subsidiary of the listed company. The target operates in plastic recycling — handling PET, PP, PVC, HDPE, LDPE, and LLDPE materials — and posted a turnover of Rs 80.24 lakh in 2025. The acquisition aligns with Race Eco's broader growth objectives in the recycling sector and the LLP is expected to become a related party upon closing.
The acquisition deepens Race Eco's presence in the plastic recycling value chain at the subsidiary level, expanding operational scale with a relatively small cash outlay of Rs 2.3 crore; shareholders should note this is a step-down subsidiary deal with no promoter group interest and no regulatory approvals required.