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

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Full Announcement

Race Eco Chain Limited has informed regarding the sale of 0.99% stake of an associate Company M/s. Prime Industries limited

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RACEECOCHAIN_30062026190729_Intimation_Associate.pdf

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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