Reliance consumer products acquires 51% stake in Lotus Chocolate

Reliance Consumer Products Limited (formerly Tira Beauty Limited) has acquired 65,49,065 shares, representing a 51% stake, in Lotus Chocolate Company Limited. This acquisition, which took place pursuant to a scheme of arrangement, designates Reliance Consumer Products as the promoter of Lotus Chocolate. The scheme of arrangement, approved by the National Company Law Tribunal, Mumbai Bench, became effective on December 1, 2025.

The acquisition involved fully paid-up equity shares of face value of Rs. 10 each. Prior to this transaction, Reliance Consumer Products Limited held no shares or voting rights in Lotus Chocolate. After the acquisition, the total equity share capital of Lotus Chocolate Company Limited remains Rs. 12,84,10,490, divided into 1,28,41,049 equity shares of Rs. 10 each.