BSEInsider Trading / SAST5 Oct 2026 · 5 Oct 2026, 11:19 am
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 01, 2026 for Dinesh Pareekh & Others
Race Eco Chain Ltd · 537785
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Dinesh Pareekh and other promoters of Race Eco Chain Ltd have created a pledge on their entire holding of 77,30,100 equity shares, representing 44.79% of the company's total share capital.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk2/10
Balance Sheet Risk8/10
Liquidity Impact2/10
Market Sentiment3/10
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Full Announcement
Race Eco Chain Ltd - 537785 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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Dated: 01" October, 2026
BSE Limited NationalS tock Exchange of
Race Eco Chain Limited
Phiroze Jeejeebhoy India Limited
Towers Listing Department
Reg Office: Shop No. 37, Shanker
Dalal Street, Mumbai -
Exchange Plaza, C-1, Block-G, Market, Connaught Place, Central
400001
Bandra-Kurla Complex, Delhi, New Delhi - 110001
Mumbai-400051
Scrip Code: 544199
Corp Office: A-115, Sector-136,
Symbol: RACE Noida, Uttar Pradesh- 201304
Target Company: Race Eco Chain Limited
Subject: Disclosure under Regulation 31(1) read with Regulation 31(3) of the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
Dear Sir/ Ma'amn,
Pursuant to Regulation 31(1) read with Regulation 31(3) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations 2011, I, Dinesh Pareekh along with all Promoter (Sangeeta Pareekh and BLP
Equity Research Pvt Ltd) of Race Eco Chain Limited ("Target Company") hereby submits the disclosure
regarding the creation of pledge on all holding of Promoters 77,30,100 equity shares of the Company
held by us.
Further, the details as required under with SEBI Circular No. CIR/CFD/POLICYCELL/3/2015 dated August
05, 2015 and SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019 are attached
as Annexure Ia nd Annexure II.
Thanking You,
On Behalf of f Promoters
Dinesh Pareekh
Promoter
Race Eco Chain Limited
Encl: as above
Annexure I
eDi ns cc Hl mo bsu rr ae n eb ey , t ih ne t ePr ro mm so ot fe r R( es g) u lt ao t it oh ne 3S 1t (o 1c ) k aE nx dc h 3a 1n 4g oes f SEan Bd I t (o Su t bh se t aT na tr ig ae lt AcC quo im sp ia tin oy n f oo fr S he an rc eu sm ab nr da n Tc ae k eo of v es rh sa )r e Rs e/ g ui ln av te ic oa nt si ,o 2n 0 1o 1f encumbraneerelease of
Name of the Target Comnpany (TC)
aN ra em le is st eo df the Stock Exchange where the shares of the target company BR Sa Ec e L iE mc io t eC dh a &in N L Si Em i Lt ie md i ted
Date of reporting
01t October, 2026
N bea em ne c ro ef a tt eh de / p rr eo lm eo at se edr / i e Ar v eP kA eE d on whose shares encumbrance has Dinesh Pareekh, Sangeeta Pareekh, BLP Equity Research Pvt Ltd
Details of the creation of encumbrance:
tN ha em e of hP or lo dm io nt ge r in the P hor lo dm io nt ge r Details of events pertaining to encumbrance (3) Post event
promoter target company already holding of
(s) or PACs (1) encumbered encumbered
with (2) shares
him() {creation
[(2)+(3)1frelea
se {2)
(3/invecatien
Number % of Number % of Type of Date of Type of Reason for Number % of Name of the Number % of
t so ht aa rl e sto ht aa rl e e (v ce ren at t ion c rr ee la et ai so en /f E en (c pu lm eb dgr ea /n c e e*n *c umbranc st hot aa rl
wen ht oi sty
favoi rn st ho ata rl
capital capital release/ invocation lien/ non capital shares capital
invocati of disposal encumbere
on) encumbra undertaking d***
nce / others)
D Pi an re es eh k h 7.00.000 4.06% Nil Nil Creation 08/09/2026 Pledge Personal 7,00,00 4.06 Share India 7,00,00 4.06
Purpose % Securities %
Limited
Sangeeta 43,20,00 25.039% Nil Nil Creation 08/09/2026 Pledge Personal 43,20,0o 25.0 Share India 43.20,00 25.0
Pareekh
Purpose 3% Securities 3%
Limited
BLP Equity 27,10,10 15.70% Nil Ni Creation 08/092026 Personal 27,10,10 15.7 Share India 27,10,10 15.7
Research
Pvt Ltd Purpose 0% Securities 0%
Limited
On Behalf of AllP romoters
Dinesh Pareekh
Promoter
Race Eco Chain Limited
Place:Noida
Date: 01/10/2026
(") The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the
table irrespective of whether they are reporting on the date of event or not.
(**) For example, for the purpose of collateral for loans taken by the Company, personal borrowings, third party pledge etc.
(***)T his would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.
Annexure I|
Disclosure of reasons for encumbrance
Name of listed Company Race Eco Chain Limited
Name of the recognised stock exchanges where the BSE Limited and NSE
shares of the company are listed
Name of the Promoter(s)/ PACS whose shares have Mr. Dinesh Pareekh along with Mrs. Sangeeta
been encumbered Pareekh and BLP Equity Research Private Limited
Total Promoter shareholding in the listed Company 44.79%*
Mr. Dinesh Pareekh holds 7,00,000 equity shares
representing 4.06% of total share capital of the
Company.
Mrs. Sangeeta Pareekh holds 43,20,000 equity
shares representing 25.03% of total share capital of
the Company.
BLP Equity Research Private Limited holds 27,10,100
equity shares representing 15.70% of total share
capital of the Company.
Encumbered shares as a % of Promoter 100% of the total Promoter shareholding has been
shareholding encumbered which represents 44.79% of total share
capital of the Company.
Whether encumbered share is 50% or more of Yes
promoter shareholding* 100% of the total Promoter shareholding has been
encumbered.
Whether encumbered share is 20% or more of total Yes
share capital 44.79% of the total share capital of the Company
has been encumbered.
* The shareholding of Promoter Group along with the Promoters is considered in Promoter Shareholding.
Details of all existing events/ agreements pertaining to encumbrance
Encumbrance
Type of encumbrance (pledge, lien, negative lien, non- disposal Pledge
undertaking etc. or any other covenant, transaction, condition or
arrangement in the nature of encumbrance)
No. and % of shares encumbered No. of shares & % of total share
capital encumbered:
Mr. Dinesh Pareekh holds 7,00,000
equity shares representing 4.06% of
total share capital of the Company.
Mrs. Sangeeta Pareekh holds
43,20,000 equity shares
representing 25.03% of total share
capitalgf the Company.
BLP Equity Research Private Limited
holds 27,10,100 equity shares
representing 15.70% of total share
capital of the Company.
Specific details about the Name of the entity in whose favour Share India Securities Limited
encumbrance shares encumbered (X)
Whether the entity X is a scheduled No
commercial bank, public financial
institution, NBFC or housing finance
company? If No, provide the nature of
the business of the entity.
Names of all other entities in the
agreement
Whether the encumbrance is relating No
to any debt instruments viz. debenture,
commercial paper, certificate of
deposit etc.? If yes, provide details
about the instrument, including credit
rating
Security Cover/ Asset Value of shares on the date of event/ Rs. 75,36,84,750
Cover agreement (A) (77,30,100*Rs. 97.50)
Amount involved (against which shares Rs. 59,16,42,528.75
have been encumbered) (B) (Rs. 75,36,84,750* 78.50%)
Ratio of A/ B 1:0.785
End use of money Borrowed amount to be utilized for
what purpose -
(a) Personal use by promoters and PACs Yes
(b) For the benefit of listed company No
Provide details including amount,
purpose of raising money by listed
Company, schedule for utilization of
amount, repayment schedule etc.
(c) Any other reason (please specify) Not Applicable
On Behalf of All Promoters
Dinesh Pareekh
Promoter
Race Eco Chain Limited
Place: Noida
Date: 01/10/2026