Race Eco Chain Limited has informed regarding Disclosure of Investment in the Proposed Subsidiary Company
RACE · price
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Race Eco Chain Limited's board, at its meeting on February 20, 2026, approved investing in a new company to be named Race Grassland Private Limited, which will become its subsidiary. The company will subscribe to 51% of the equity share capital at face value of Rs. 10 per share, amounting to Rs. 7,65,000 in total. The proposed subsidiary will have an authorized and paid-up capital of Rs. 15 lakhs and will operate in the recycling sector, focusing on bio-mass, green energy (briquettes, pellets, biogas), and carbon credit schemes. The target entity is yet to be incorporated, and the investment is not a related party transaction.
This is a small strategic expansion (Rs. 7.65 lakh investment) into green energy and bio-mass within the company's existing recycling business. For shareholders, this signals management's intent to grow in the renewable/biomass space, though the size of the investment is minor and unlikely to materially move the stock in the short term.