NSEDisclosure of material issue30 Jun 2026 · 30 Jun 2026, 07:07 pm
Disclosure of material issue
Race Eco Chain Limited · RACE
✦ AI SummaryDivestiture
Race Eco Chain Limited has sold 0.99% stake in its associate company M/s. Prime Industries Limited for ₹88.53 lakhs.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Race Eco Chain Limited has informed regarding the sale of 0.99% stake of an associate Company M/s. Prime Industries limited
Attachments (1)
📄pdf
Download →
RACEECOCHAIN_30062026190729_Intimation_Associate.pdf
View document text
Dated: 30th June, 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
Scrip Code: 537785
Symbol: RACE
Subject: Intimation of the sale of the stake in M/s. Prime Industries Limited an Associate of the
Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015
Pursuant to Regulation 30 of the 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
divested 2,10,000 equity shares aggregating to 0.99% of M/s. Prime Industries Limited (an Associate of the
Company) by way of sale.
Further, pursuant to the above sale of shares, M/s. Prime Industries Limited has ceased to be an Associate
Company of M/s. Race Eco Chain Limited with effect from 30th June, 2026.
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. The above information will be made available on the website of the
Company www.raceecochain.com
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-
/P/CIR/2023/123 dated July 13, 2023
The amount and percentage of the Name of the Associate Company: M/s Prime
turnover or revenue or income and net Industries Limited
worth contributed by such unit or division
Contribution in consolidated Income as on
or undertaking or associate company of
31st March 2026
the listed entity during the last financial
year i.e. 31st March 2026 Percentage-53.58%
Amount- 331.5 Lacs
Associate consolidated Net Worth as on
31st March 2026
Percentage-17.65%
Amount-1527.11
Date on which the agreement for sale has 30th June, 2026
been entered into
The expected date of completion of 30th June, 2026
sale/disposal
Whether the transaction would fall Within Yes- It is a related party transaction and the
related party transactions? If yes, whether transaction is at arm’s length
the same is done at 'arms' length
Brief details of buyers and whether any of Not Applicable
the buyer belong to the promoter/
Promoter group/group companies. If yes,
details thereof;
Consideration from such Sale/ disposal 88,53,600/- (Eighty Eight Lac Fifty Three
Thousand Six Hundred Only)
Whether the sale, lease or disposal of the NA
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37A
of LODR Regulations
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
Additionally, in case of a slump sale, NA
indicative disclosures provided for
amalgamation/merger, shall be disclosed
by the listed entity with respect to such
slump sale
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