The Board of Directors of Race Eco Chain Limited, in its meeting held on February 20, 2026, approved a proposal to invest in a new entity named “Race Grassland Private Limited”. The company has committed to subscribing to 51% of the equity share capital of this proposed subsidiary, which will involve an investment of ₹7,65,000 for 76,500 shares at face value. This strategic move is intended to facilitate business expansion through a target entity that will focus on the compression and gasification process to generate Carbon Credits (CMD) under various government schemes without the use of fossil fuels.

Race Eco Chain Limited, established in 1999, is an environmentally focused company specializing in the collection and supply of recyclable plastic waste to recyclers across India. The company has built an AI-driven, asset-light ESG technology platform called the “RACE App” to organize the unorganized waste management sector, providing end-to-end traceability and transparency. Recently, the company announced a significant corporate restructuring plan involving the demerger of its Biomass and Restore Bag divisions into separate listed entities, Geo Eco Green Energy Limited and Race Gateway Limited, respectively. This restructuring aims to allow each division to focus on its specific market segments, such as biomass briquettes and recycled cloth products.

For the quarter ended December 2025, Race Eco Chain reported consolidated revenue of ₹131.12 Crores, reflecting a year-on-year decrease of 22.14% compared to ₹168.42 Crores in December 2024. Despite the decline in top-line revenue due to contractions in the Biomass and Restore divisions, the company achieved a Net Profit of ₹1.95 Crores, representing a 10.1% increase compared to ₹1.77 Crores in the corresponding quarter of the previous year. Operational efficiencies led to an EBITDA margin expansion to 2.9% from 2.0% YoY. The company’s shareholding pattern as of December 2025 shows that promoters hold 44.79%, while Ganesha Ecosphere Limited, a prominent player in the PET recycling industry, is a notable institutional investor holding a 2.64% stake.