Disclosure of material issue

Dated: 08th September, 2026 Bombay Stock Exchange Limited National Stock Exchange Limited Department of Corporate Services, Listing Department Phiroze Jeejee Bhoy Towers, Exchange Plaza,C-1, Block-G, Dalal Street, Mumbai-400001 Bandra-Kurla Complex, Mumbai 400051 Symbol: RACE Scrip Code: 537785 Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in the Subsidiary Company and Allotment of 0.01% Compulsorily Convertible Cumulative Preference Shares ("CCPS") Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that M/s. Ganesha Recycling Chain Private Limited, a Material subsidiary of the Company, at its Board Meeting held on 07th September, 2026, has considered and approved the allotment of 93,379 (Ninety Three Thousand Three Hundred Seventy Nine Only) 0.01% Compulsorily Convertible Cumulative Preference Shares ("CCPS") of face value of Rs. 10/- each for an aggregate consideration of Rs. 4,66,89,500/- ( Rupees Four Crore Sixty Six Lac Eighty Nine Thousand Five Hundred Only) to the Company. Further, pursuant to the above acquisition of shares the stake in the Subsidiary Company will remain same with 51% ownership. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure - 1 This is for your information and records. Thanking You, Yours Faithfully For Race Eco Chain Limited Shiwati Company Secretary & Compliance officer Regd. Office: Shop No. 37, Shanker Market, Connaught Place, Central Delhi, New Delhi110001 Corporate Office Address: A-115, Sector-136, Noida, Uttar Pradesh- 201304 Email: communications@raceecochain.com; Tel: 0120-28028196; CIN: L37100DL1999PLC102506 Annexure-A Detailed disclosure as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Name of the entity allotting securities Ganesha Recycling Chain Private Limited Authorised Capital: INR10,00,00,000 Paid-Up Capital: INR 7,73,00,000 Paid-up Capital Preference INR 9,33, 790 and the Company is Incorporated on 10/09/2024 Type of securities allotted 0.01% Compulsorily Convertible Cumulative Preference Shares ("CCPS") Total number of securities allotted & size 93,379 (Ninety Three Thousand Three Hundred Seventy Nine Only) 0.01% Compulsorily Convertible Cumulative Preference Shares ("CCPS") of face value of Rs. 10/- each for an aggregate consideration of Rs. 4,66,89,500/- ( Rupees Four Crore Sixty Six Lac Eighty Nine Thousand Five Hundred Only) Whether the acquisition would fall within related party transaction(s) and whether the Ganesha Recycling Chain Private Limited, being a promoter/ promoter group/ group companies subsidiary, is a related party of the Company. The have any interest in the entity being acquired? transaction falls within the ambit of related party transactions. If yes, nature of interest and details thereof and No, Promoter/promoter group/group companies have whether the same is done at “arms length” any interest in the Entity. Further, the investment in the Subsidiary Company is made at arms' length basis. Industry to which the entity being acquired Recycling belongs Objects and impact of acquisition (including As a part of overall corporate objective and to expand but not limited to, disclosure of reasons or business, the management has invested Rs. acquisition of target entity, if its business is 4,66,89,500/- (Rupees Four Crore Sixty Six Lac outside the main line of business of the listed Eighty Nine Thousand Five Hundred Only) entity). contributing 51% stake in M/s Ganesha Recycling Chain Private Limited. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition. Regd. Office: Shop No. 37, Shanker Market, Connaught Place, Central Delhi, New Delhi110001 Corporate Office Address: A-115, Sector-136, Noida, Uttar Pradesh- 201304 Email: communications@raceecochain.com; Tel: 0120-28028196; CIN: L37100DL1999PLC102506 Consideration-whether cash consideration or Cash share swap and details of the same. Percentage of shareholding / control acquired 51% Equity shares of Ganesha Recycling Chain and / or number of shares acquired. Private Limited Brief background about the entity acquired in Ganesha Recycling Chain Private Limited is an Indian terms of products/line of business acquired, Company Incorporated on 10/09/2024 engaged in the date of incorporation, history of last 3 years business of Recycling. turnover, country in which the acquired entity has presence and any other significant Market : India information (in brief). Turnover in 2025 is 0.01 Lakh 2026 is 21.19 Lakh Regd. Office: Shop No. 37, Shanker Market, Connaught Place, Central Delhi, New Delhi110001 Corporate Office Address: A-115, Sector-136, Noida, Uttar Pradesh- 201304 Email: communications@raceecochain.com; Tel: 0120-28028196; CIN: L37100DL1999PLC102506