Disclosure of material issue

Dated: 31st August, 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 Dear Sir / Ma’am, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received a Demand cum Show Cause Notice No. 18/AE/ADC/2026-27 dated August 29, 2026, issued by the Office of the Principal Commissioner of Central Goods and Services Tax, Noida. The said notice was received by the Company on Saturday, August 29, 2026 (Since Saturday and Sunday were non-working days for the Company, the contents of the notice came to the knowledge of the Company on Monday, August 31, 2026) The details of the notice as required under the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are attached as Annexure-A 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/PoD2/CIR/P/0155 dated November 11, 2024 Name of the Authority Commissioner, CGST Commissionerate, Noida Nature and details of the action(s) taken Show Cause Notice Cum Demand bearing or order(s) passed. reference no. 18/AE/ADC/2026-27 Date of receipt of direction or order, On Saturday 29th August, 2026 (Since Saturday including any ad-interim or interim and Sunday were non-working days for the orders, or any other communication from Company, the contents of the notice came to the the authority knowledge of the Company on Monday, August 31, 2026) Details of fines, penalties, violation(s)/ The Company has received a Demand cum Show contravention, dues, etc. including amount Cause Notice under Section 74/Section 74A of the Central Goods and Services Tax Act, 2017 and Section 74/Section 74A of the Uttar Pradesh Goods and Services Tax Act, 2017 read with section 20 of the Integrated Goods and Services Tax Act, 2017), The notice pertains to the period of FY 2020-21 to FY 2026-27 (upto June, 2026) and as per Show cause Notice the taxpayer had availed Input Tax Credit amounting to 16,74,60,039 from such suppliers whose registrations had been cancelled by the Department. Nature and details of the action(s) taken The notice is presently at a preliminary stage, and or order passed no final determination has been made by the adjudicating authority. The Company believes that the availed Input Tax Credit amounting to 16,74,60,039 was in accordance with the applicable GST provisions and Company is in the process of obtaining appropriate legal advice. A detailed response will be submitted within 30 days from the date of receipt, and the Company will pursue all remedies available under applicable law. 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 Impact on financial, operation or other Based on its preliminary assessment, the activities of the listed entity, quantifiable management does not expect any immediate in monetary terms to the extent possible impact on the Company's operations arising from receipt of the notice. The financial implications, if any, will be determined upon completion of the adjudication process and in accordance with applicable legal and accounting requirements. 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