Lotus Chocolate announces change in holding company, Tira Beauty becomes new promoter

Lotus Chocolate Company Limited (LCCL) announced that Tira Beauty Limited ("New RCPL") has become its new holding company and promoter, effective December 1, 2025. This change follows a National Company Law Tribunal order, dated November 06, 2025, sanctioning a Composite Scheme of Arrangement.

Under the scheme, all 6,549,065 equity shares, representing 51% of LCCL's total paid-up equity share capital previously held by RCPL (the existing promoter), have been transferred to New RCPL. This acquisition by Tira Beauty Limited is classified as an exempt acquisition under SEBI regulations.

The company stated there is no change in the aggregate shareholding of the promoter and promoter group as a result of this transaction.