Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulation, 2015 for change of Promoter of the Company as ....
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The NCLT Mumbai Bench has sanctioned a Composite Scheme of Arrangement among Reliance group companies (RRL, RRVL, RCPL, and New RCPL/Tira Beauty Limited). Pursuant to this scheme, the 51% promoter stake in Lotus Chocolate — held via 65,49,065 equity shares by Reliance Consumer Products Limited (RCPL) — has been transferred to Tira Beauty Limited (referred to as New RCPL), effective December 1, 2025. Tira Beauty Limited is now the new promoter and holding company of Lotus Chocolate. Importantly, the aggregate promoter group shareholding remains unchanged at 51%, as this is an internal restructuring within the Reliance group. The acquisition qualifies as an exempt transaction under SEBI Takeover Regulations.
This is a purely internal reshuffle within the Reliance group with no change in ultimate promoter ownership percentage, so existing shareholders should not see any material impact on their holdings or the stock. The Reliance group backing of Lotus Chocolate remains intact.