Integrated Filing — IndAS



General information about company
Scrip Code 537785
NSE Symbol RACE
MSEI Symbol NOTLISTED
ISIN INE084Q01012
Name of company RACE ECO CHAIN LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   15:30:00
End date and time of board meeting 30-May-2025   15:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-04-02
Indicate Company website link for updated RPT policy of the Company https://raceecochain.com/investor-relations/policies-and-code/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1390999000 4602991000
Other income 5344000 11147000
Total income 1396343000 4614138000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 1349012000 4464274000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 6871000 26874000
(e) Finance costs 14822000 40515000
(f) Depreciation, depletion and amortisation expense 1844000 6784000
(f) Other Expenses
1 Other Direct Expenses 1380000 7906000
2 Other Expenses 6857000 20153000
Total other expenses 8237000 28059000
Total expenses 1380786000 4566506000
3 Total profit before exceptional items and tax 15557000 47632000
4 Exceptional items 0 1000
5 Total profit before tax 15557000 47633000
6 Tax expense
7 Current tax 4154000 12770000
8 Deferred tax -1285000 -2713000
9 Total tax expenses 2869000 10057000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 12688000 37576000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 12688000 37576000
17 Other comprehensive income net of taxes -28692000 -10339000
18 Total Comprehensive Income for the period -16004000 27237000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 172572000 172572000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.74 2.23
Diluted earnings (loss) per share from continuing operations 0.71 2.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.74 2.23
Diluted earnings (loss) per share from continuing and discontinued operations 0.71 2.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 25553000
Capital work-in-progress 74000
Investment property 0
Goodwill 0
Other intangible assets 303000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 214752000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 138023000
Total non-current financial assets 352775000
Deferred tax assets (net) 5014000
Other non-current assets 0
Total non-current assets 383719000
2 Current assets
Inventories 10886000
Current financial asset
Current investments 950966000
Trade receivables, current 0
Cash and cash equivalents 43417000
Bank balance other than cash and cash equivalents 0
Loans, current 94197000
Other current financial assets 4411000
Total current financial assets 1092991000
Current tax assets (net) 5842000
Other current assets 56229000
Total current assets 1165948000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1549667000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 172572000
Other equity 539392000
Total equity attributable to owners of parent 711964000
Non controlling interest
Total equity 711964000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 210000
Total non-current financial liabilities 210000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 880000
Total non-current liabilities 1090000
Current liabilities
Current financial liabilities
Borrowings, current 584506000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 232433000
Total Trade payable 232433000
Other current financial liabilities 4895000
Total current financial liabilities 821834000
Other current liabilities 494000
Provisions, current 14285000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 836613000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 837703000
Total equity and liabilites 1549667000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Recycle Division 1366432000 4326539000
2 Restore Division 5975000 89382000
3 Biomass Division 18592000 187070000
4 Unallocable 0 0
Total Segment Revenue 1390999000 4602991000
Less: Inter segment revenue 0 0
Revenue from operations 1390999000 4602991000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Recycle Division 25079000 79637000
2 Restore Division 234000 2547000
3 Biomass Division 141000 2108000
4 Unallocable 4924000 3855000
Total Profit before tax 30378000 88147000
i. Finance cost 14822000 14822000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 15556000 47632000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Recycle Division 1167316000 1167316000
2 Restore Division 48902000 48902000
3 Biomass Division 15173000 15173000
4 Unallocable 318276000 318276000
Total Segment Asset 1549667000 1549667000
Un-allocable Assets 0 0
Net Segment Asset 1549667000 1549667000
4 Segment Liabilities
Segment Liabilities
1 Recycle Division 763926000 763926000
2 Restore Division 6224000 6224000
3 Biomass Division 9329000 9329000
4 Unallocable 58225000 58225000
Total Segment Liabilities 837704000 837704000
Un-allocable Liabilities 0 0
Net Segment Liabilities 837704000 837704000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 37939000 13816000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -9247000 -3477000
5 Total Other comprehensive income -28692000 -10339000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 47633000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 40515000
Adjustments for decrease (increase) in inventories -2581000
Adjustments for decrease (increase) in trade receivables, current -418738000
Adjustments for decrease (increase) in trade receivables, non-current 283000
Adjustments for decrease (increase) in other current assets -45684000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 103740000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 6784000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 23000
Adjustments for provisions, non-current 493000
Adjustments for other financial liabilities, current -1779000
Adjustments for other financial liabilities, non-current 3942000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 9714000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -217000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships -1000
Total adjustments for reconcile profit (loss) -322934000
Net cash flows from (used in) operations -275301000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 7859000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -283160000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 4779000
Proceeds from sales of investment property 37748000
Purchase of investment property 214468000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 135332000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 217000
Interest received 9714000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -9690000
Net cash flows from (used in) investing activities -316590000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 462440000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 216118000
Repayments of borrowings 0
Payments of lease liabilities -1090000
Dividends paid 0
Interest paid 40515000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 639133000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 39383000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 39383000
Cash and cash equivalents cash flow statement at beginning of period 4034000
Cash and cash equivalents cash flow statement at end of period 43417000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Garg Arun & Associates Yes 31-Jul-2024


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 RACE ECO CHAIN LIMITED SUNIL KUMAR MALIK MD, KMP Remuneration 0 NA 1200000 0 0
2 RACE ECO CHAIN LIMITED SHIWATI KMP Remuneration 0 NA 378000 0 0
3 RACE ECO CHAIN LIMITED PIYANSHU SHARMA KMP Remuneration 0 NA 240000 0 0
4 RACE ECO CHAIN LIMITED SUNIL KUMAR MALIK MD, KMP Any other transaction LOAN TAKEN 200000000 NO 310000 310000 0
5 RACE ECO CHAIN LIMITED KALYAN CAPITAL Limited Enterprises in which Director have significant infulence Any other transaction LOAN RECOVERED 0 NA 10000000 17500000 7500000
6 RACE ECO CHAIN LIMITED KALYAN CAPITAL Limited Enterprises in which Director have significant infulence Interest received 0 NA 105000 1490000 2440000
7 RACE ECO CHAIN LIMITED INDIA POLYMERS PVT LTD SUBSIDIARY Loan 20000000 NA 27000 25000 52000
8 RACE ECO CHAIN LIMITED GANESHA RECYCLING CHAIN PVT LTD SUBSIDIARY Loan 50000000 NA 20903000 0 20903000
9 RACE ECO CHAIN LIMITED GANESHA RECYCLING CHAIN PVT LTD SUBSIDIARY Interest received 0 NA 24000 0 216000
10 RACE ECO CHAIN LIMITED SILVERLINE ECO THRIVE LIMITED SUBSIDIARY Loan 70000000 NA 58521000 0 58521000
11 RACE ECO CHAIN LIMITED SILVERLINE ECO THRIVE LIMITED SUBSIDIARY Interest received 0 NA 252000 0 2272000
12 RACE ECO CHAIN LIMITED GEM ENVIRO MANAGEMENT PVT LTD Enterprises in which Promoter have significant infulence Purchase of goods or services 10000000 NA 599000 0 599000
13 RACE ECO CHAIN LIMITED GEM ENVIRO MANAGEMENT PVT LTD Enterprises in which Promoter have significant infulence Any other transaction PAYMENT AGAINST PURCHASES 0 NA 516000 0 82000
14 RACE ECO CHAIN LIMITED VISTA FURNISHING PVT LIMITED Enterprises in which Director have significant infulence Sale of goods or services 40000000 NA 1027000 0 0
15 RACE ECO CHAIN LIMITED VISTA FURNISHING PVT LIMITED Enterprises in which Director have significant infulence Any other transaction PAYMENT RECEIVED AGAINST SALES 0 NA 1267000 239000 0
16 RACE ECO CHAIN LIMITED SILVERLINE ECO THRIVE LIMITED SUBSIDIARY Purchase of goods or services 120000000 NA 118900000 0 35234000
17 RACE ECO CHAIN LIMITED GANESHA ECOVERSE LIMITED Enterprises in which Promoter have significant infulence Any other transaction LOAN TAKEN 50000000 NA 30000000 0 30000000
18 RACE ECO CHAIN LIMITED GANESHA ECOVERSE LIMITED Enterprises in which Promoter have significant infulence Interest paid 0 NA 139000 4852000 6107000
Total value of transaction during the reporting period 244408000