Reliance Retail restructuring effective, New RCPL emerges

Reliance Industries Limited announced today, December 1, 2025, that a composite scheme of arrangement among Reliance Retail Limited, Reliance Retail Ventures Limited (RRVL), Reliance Consumer Products Limited (RCPL), and Tira Beauty Limited (to be renamed New RCPL) has become effective. The scheme, which took effect at 8:22 p.m. (IST), sees RCPL dissolved as of December 1, 2025.

Under the terms of the scheme, New RCPL will allot one fully paid-up equity share of Rs. 10 to shareholders of RRVL for every two fully paid-up equity shares of Rs. 10 held in RRVL. This allotment serves as consideration for the demerger of the Consumer Brands Business Undertaking from RRVL to New RCPL.

Following the allotment, the entire pre-scheme paid-up share capital of New RCPL, previously held by RRVL, will be cancelled and reduced without any consideration. Consequently, New RCPL will become an 83.56% direct subsidiary of Reliance Industries Limited.