Race Eco Chain Limited has submitted the Exchange a copy Srutinizers report along with voting results of Annual General Meeting held on September 24, 2025
RACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Race Eco Chain Limited held its 25th AGM on September 24, 2025, conducted via video conferencing from 1:13 PM to 1:56 PM. Shareholders passed all 5 resolutions with overwhelming majority, with 13,17,885 votes polled (about 13.83% of total outstanding shares of 95,27,100). The resolutions included approval of audited financial statements for FY ending March 31, 2025, reappointment of Mr. Sunil Kumar Malik as a director (retiring by rotation), appointment of secretarial auditors for 5 years, approval of material related party transactions with subsidiaries Ganesha Recycling Chain Pvt Ltd and Silverline Eco Thrive Limited for FY 2025-26, and a special resolution to increase the company's limit to advance loans, give guarantees, or provide security under Section 185 of the Companies Act, 2013. Scrutinizer Amit Saxena and Associates confirmed all resolutions were carried with requisite majority, with virtually all votes in favour (99.99%) and only 1 dissenting vote across all resolutions.
This is a routine procedural filing confirming shareholder approval of standard AGM business. The passing of the related party transactions resolution and the Section 185 loan/guarantee authority expansion give the company more flexibility to transact with its subsidiaries and extend financial support, but no immediate material impact on stock price is expected.