In a significant corporate restructuring move within the Reliance Retail group, Lotus Chocolate Company has a new promoter and holding company. The confectionery maker informed the stock exchanges that Reliance Consumer Products Limited (RCPL), which now operates under Tira Beauty Limited (New RCPL), has officially taken over this role.
NCLT Sanctions the Restructuring Scheme
The change follows the formal sanction of a Composite Scheme of Arrangement by the National Company Law Tribunal (NCLT), Mumbai Bench, on November 6, 2025. Lotus Chocolate stated in a regulatory filing on December 1 that it received a confirmation letter from New RCPL dated the same day.
The scheme involves several Reliance Retail entities, including Reliance Retail Limited (RRL), Reliance Retail Ventures Limited (RRVL), the old RCPL, and the new RCPL, along with their shareholders and creditors. The process was carried out under Sections 230–232 of the Companies Act, 2013.
Transfer of the Majority Stake
As a direct result of the approved scheme, the entire block of 65,49,065 equity shares in Lotus Chocolate has been transferred. This stake represents a controlling 51% of the company's paid-up share capital.
Previously held by the old RCPL, the ownership of these shares has now been legally vested in New RCPL (Tira Beauty Limited) with effect from December 1, 2025. This transaction solidifies New RCPL's position as the new holding company and promoter of Lotus Chocolate.
The company clarified that this is an internal restructuring. There is no change in the aggregate shareholding of the promoter and promoter group. The ownership has simply moved from one Reliance Retail entity to another.
Lotus Chocolate Share Price: A Mixed Bag
The announcement comes amidst a period of volatility for the Lotus Chocolate stock. Recent performance shows pressure on the share price, though long-term investors have seen massive gains.
Recent Declines:
- The stock has fallen 14% in the past one month.
- It has declined more than 26% over the last three months.
- The six-month and one-year periods show drops of 21% and 40%, respectively.
Impressive Long-Term Returns:
- Despite recent dips, the share price has jumped by a staggering 280% in two years.
- Over a five-year horizon, it has delivered a spectacular multibagger return of 4,920%.
At 1:00 PM on the day of the filing, Lotus Chocolate share price was trading 1.56% lower at ₹838.05 per share on the BSE.
This corporate reshuffle highlights the ongoing consolidation and strategic alignment within the vast Reliance Retail ecosystem, with Tira Beauty emerging as a key holding vehicle for its FMCG investments.
