Race Eco Chain Limited
Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products
What Race files
- Others40
- Important30
- Board Meeting15
- Updates7
- Results3
- QIP/Rights/Pref.1
**Issue:** Race Eco Chain Limited has invested ₹4.67 Cr (₹4,66,89,500) in cash to subscribe to 93,379 Compulsorily Convertible Cumulative Preference Shares (CCPS) of face value ₹10 each in its material subsidiary, Ganesha Recycling Chain Private Limited, maintaining its 51% ownership stake. **Possible Impact:** This capital infusion supports the subsidiary's growth...
RACE Eco Chain (RACE) has received a Show Cause Notice from the CGST Department, Noida. The notice demands why the company shouldn't pay back ₹16.75 Cr in Input Tax Credit (ITC) for FY2020-21 to June 2026. The department alleges RACE availed this ITC from suppliers whose registrations were cancelled. **Impact:**...
Race Eco Chain #RACE has invested ₹1.02 Cr cash in its subsidiary, Ganesha Recycling Chain Private Limited, by subscribing to a Rights Issue. This investment is part of RACE's strategy to expand its business, with the company maintaining its 51% ownership stake in Ganesha Recycling. Ganesha Recycling, incorporated in Sep...
Race Eco Chain (RACE) has provided a corporate guarantee of ₹4.97 Cr to Bank of India. This guarantee supports a credit facility for its material subsidiary, Silverline Eco Thrive Limited. **Issue:** RACE is taking on a contingent liability for its subsidiary's debt. **Possible Impact:** While currently stated as having no...
Race Eco Chain (RACE) has invested an additional ₹1.173 Cr in its recycling subsidiary, Ganesha Recycling Chain Private Limited. This capital injection, made through a rights issue for 1,17,300 equity shares, is part of RACE's strategy to expand its business in the recycling sector. The company maintains its 51% ownership...