Update on divestment of stake in Prime Industries associate company

Core Business DivestedStrategic Transactions View source PDF Explain this filing

RACE · price

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Price reactionminutes from the announcement price · days from the prior close

-6.0%Reaction day

₹107.50

prior close

₹106.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-6.4% vs market

On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

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30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-6.0+0.4-6.4

Next day

-7.6+0.5-8.2

-5.1+0.6-5.7

-4.5+0.7-5.2

-3.3+1.1-4.4

-7.0+0.5-7.5

-4.2+1.3-5.5

15d

-4.7+0.5-5.2

-11.0-0.8-10.2

-5.0-0.9-4.0

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Race Eco Chain sold 2,10,000 equity shares (about 0.99%) of associate Prime Industries for Rs. 88.54 lakhs. Sale entered on 30 June 2026, settled on 1 July 2026. Prime Industries contributed 53.58 percent of consolidated income (Rs. 3.31 cr) as on 31 March 2026. Related party transaction done at arms length. Prime Industries ceased to be an associate from 1 July 2026.

Likely market impact

Loss of associate that contributed over half of consolidated income. Investors should watch for impact on consolidated earnings going forward.