Disclosure of material issue

Dated: 17th July, 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 of the Further Investment and allotment of Equity Shares in Ganesha Recycling Chain Private Limited the Subsidiary of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), We wish to inform you that our Company M/s. Race Eco Chain Limited has invested INR 1,17,30,000/- (Rupees One Crore Seventeen Lakh Thirty Thousand Only) in the equity shares of M/s. Ganesha Recycling Chain Private Limited, a subsidiary of the Company by way of Subscription towards Rights Issue and has been allotted 1,17,300 Equity Shares on 17th July, 2026. 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 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 Name of the Target Entity, details in brief Ganesha Recycling Chain Private Limited such as size,turnover etc.; Authorised Capital: INR10,00,00,000 Paid-Up Capital: INR 7,53,00,000 and the Company is Incorporated on 10/09/2024 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 there of 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 further invested Rs. acquisition of target entity, if its business is 1,17,30,000/- (Rupees One Crore Seventeen Lakh outside the main line of business of the listed Thirty Thousand Only) contributing 51% stake in M/s entity). Ganesha Recycling Chain Private Limited. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition. Consideration-whether cash consideration or Cash share swap and details of the same. Cost of acquisition or the price at which the The Company has been allotted 1,17,300 Equity shares are acquired. Shares aggregating to Rs. 1,17,30,000/- ( Rupees One Crore Seventeen Lakh Thirty Thousand Only ) Percentage of shareholding / control acquired 51% Equity shares of Ganesha Recycling Chain and / or number of shares acquired. Private Limited 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 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 Turnover: NA brief). 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