Race Eco Chain Limited has informed the Exchange about Receiving the Observation Letter for Draft Composite Scheme of arrangement between Race Eco ChainLimited ( RACE/ Demerged Company ) and Geoeco Green Energy Limited ( GEOECO/Resultant Company No. 1 ) and Race Gateway Limited ( GATEWAY/ Resultant Company No. 2 )and their respective shareholders and creditors under sections 230 to 232 and other applicableprovisions of the Companies Act, 2013