Race Eco Chain Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
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Race Eco Chain Limited has called its 25th Annual General Meeting for Wednesday, September 24, 2025 at 1:00 PM, to be held via video conferencing. Ordinary business includes adopting the audited financial statements for FY ended March 31, 2025 and re-appointing director Sunil Kumar Malik, who retires by rotation. Special business includes three key resolutions: appointing M/s. HKS & Associates LLP as Secretarial Auditor for a 5-year term (FY26 to FY30) with a proposed fee of ₹1 lakh for FY26, seeking approval for related party transactions with two subsidiaries — Ganesha Recycling Chain Pvt Ltd and Silverline Eco Thrive Limited — up to an aggregate limit of ₹100 crore for FY26, and raising the limit for loans/guarantees/securities under Section 185 to ₹300 crore for subsidiaries and group entities. The company's FY25 consolidated turnover stood at ₹55,599.41 lacs, which is why the related party transactions cross the 10% materiality threshold. E-voting will run from September 21-23, 2025, with the cut-off date set as September 17, 2025.
These are standard AGM items requiring shareholder approval. Shareholders should note the ₹100 crore related party transaction limit with two subsidiaries and the ₹300 crore loan/guarantee ceiling, both of which indicate significant inter-group financial activity. These resolutions are unlikely to cause immediate stock price movement, but signal capital deployment within the company's group structure.