Race Eco Chain Ltd

Race Eco Chain Limited announced that its material subsidiary, Ganesha Recycling Chain Private Limited, has allotted 93,379 0.01% Compulsorily Convertible Cumulative Preference Shares with a face value of Rs 10 each for an aggregate consideration of Rs 4,66,89,500 to Race Eco Chain Limited, maintaining the parent company’s 51% ownership stake.

Race Eco Chain Limited informed the Bombay Stock Exchange and National Stock Exchange of India that its register of members and share transfer books will be closed from September 20, 2026, to September 26, 2026, for the 26th Annual General Meeting to be held on September 26, 2026, and that the cut-off date for electronic voting is September 28, 2026, with remote e-voting commencing on September 23, 2026, and ending on September 25, 2026.

Race Eco Chain Limited invested Rs 1,02,00,000 in equity shares of its subsidiary, Ganesha Recycling Chain Private Limited, on August 14, 2026, acquiring 1,02,000 shares and maintaining a 51% ownership stake. The investment, made at an arm’s length basis, expands the company’s business and contributes to its overall corporate objective, according to a regulatory filing. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, is engaged in the business of recycling and reported a turnover of Rs 21.19 lakh in 2026.

Race Eco Chain Ltd share price slipped 0.87% to Rs 108.0 after the company's net profit tanked by 47.45% to Rs 1.03 crore, while revenue from operations improved marginally 4.70% to Rs 191.06 crore in Q2FY26 over Q1FY26. The market capitalization of Waste Management industry group stocks on BSE stood at Rs 9213.68 crore, slipping 4.50%. It has slipped by 4.54% over last one week and crept higher by 3.20% in last one month while the market capitalization of Race Eco Chain Ltd has eased by 1.46% and 16.96% in the same period respectively. Profit before tax (PBT) of Race Eco Chain Ltd stood at Rs 1.39 crore in Q2 FY26, rising 2.96% year-on-year, and tumbling by 42.32% quarter-on-quarter. EBITDA came in at Rs 3 crore, gaining 5.34% YoY and crashing by 26.40% sequentially. Total expenses saw a slight increase of 5.33% to Rs 188.24 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.12 crore, inching up 0.90% YoY. For the TTM ended FY26, revenue from operations jumped by 59.75% to Rs 555.1 crore, while net profit jumped 170.32% to Rs 4.19 crore, compared to previous TTM. EBITDA soared by 414% to Rs 8.8 crore, and PBT soared 103.30% to Rs 5.55 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 42.86 crore in FY26, as against Rs 8.53 crore in FY25. Race Eco Chain Ltd nosedived by 54.29% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.04% during the same period.

Race Eco Chain Limited informed the Bombay Stock Exchange and National Stock Exchange that it has divested 2,10,000 equity shares, representing approximately 0.99% of the share capital of Prime Industries Limited, an associate company, completing a sale transaction entered into on June 30, 2026, with delivery and settlement occurring on July 1, 2026. Consequently, Race Eco Chain Limited ceased to have significant influence over Prime Industries and Prime Industries ceased to be an associate company of Race Eco Chain Limited with effect from July 1, 2026, and received Rs 88,53,600 for the sale.

Race Eco Chain Limited will hold a board meeting on Wednesday, August 12th, 2026, to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30th, 2026, as well as to appoint the statutory and internal auditors and re-appoint the managing director, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange.

Race Eco Chain Limited has extended a corporate guarantee to its material subsidiary, Silverline Eco Thrive Limited, for a Credit Funding facility of Rs. 4,97,00,000 sanctioned from Bank Of India, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange.

Net profit of Race Eco Chain rose 25.68% to Rs 1.86 crore in the quarter ended March 2026 as against Rs 1.48 crore during the previous quarter ended March 2025. Sales declined 5.91% to Rs 182.48 crore in the quarter ended March 2026 as against Rs 193.95 crore during the previous quarter ended March 2025. For the full year,net profit rose 73.78% to Rs 6.76 crore in the year ended March 2026 as against Rs 3.89 crore during the previous year ended March 2025. Sales rose 11.47% to Rs 618.75 crore in the year ended March 2026 as against Rs 555.10 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales182.48193.95 -6 618.75555.10 11 OPM %2.351.76 -2.291.75 - PBDT2.922.30 27 10.976.42 71 PBT2.412.08 16 9.185.55 65 NP1.861.48 26 6.763.89 74 Powered by Capital Market - Live

Race Eco Chain has revised the meeting of the Board of Directors which was scheduled to be held on 29 May 2026. The meeting will now be held on 30 May 2026.

Race Eco Chain will hold a meeting of the Board of Directors of the Company on 29 May 2026.