About Lotus Chocolate Company Limited

Lotus Chocolate Company Limited (CIN: L15200TG1988PLC009111) is one of India’s select manufacturers of chocolates, cocoa products and cocoa derivatives. Its products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multi-national companies, reflecting a broad geographic reach. The company operates a fully integrated manufacturing set-up—starting from sourcing and processing fine quality cocoa beans to delivering finished chocolates—built with technologies and expertise from across the globe . Lotus Chocolate is a public limited company listed on BSE, with its registered office in Hyderabad, Telangana, and a manufacturing facility at Doultabad, Nastipur Village, Hathnoora Mandal, Sangareddy District, Telangana – 502296.

The company highlights quality assurance through certifications, continuing to hold ISO 9001-2008 and FSSC 22000:2010 (certified by TUV NORD) at its factory—an important milestone in its quest for quality and adherence to global standards. As of the latest reporting year, the company does not have any subsidiary, joint venture or associate company (number of subsidiaries: 0). 

Lotus Chocolate Company Limited Milestone

Key milestones include its sustained integrated value chain in cocoa and chocolate, continued international supply footprint, and its ongoing quality certifications. The company’s listing and compliance with Indian Accounting Standards further mark its evolution as a compliant and quality-focused manufacturer.

Lotus Chocolate Company Limited Key Management

• Subramanya Ram Ganapath – Executive Director
• Bharathan Rajagopalan Thatai – Independent Director
• Krishnakumar Thirumalai – Non-Executive Director (w.e.f. May 24, 2023)
• Ketan Pravinchandra Mody – Non-Executive Director (w.e.f. May 24, 2023)
• Dinesh Taluja – Non-Executive Director (w.e.f. May 24, 2023)
• Renuka Shastry – Non-Executive Director (w.e.f. May 24, 2023)
• Prof. Dipak C. Jain – Independent Director (w.e.f. May 24, 2023)
• Krishnan Sudarshan – Independent Director (w.e.f. May 24, 2023)
• Vivekanand Narayan Prabhu – Chief Financial Officer
• Subodhakanta Sahoo – Company Secretary & Compliance Officer

Latest Updates on Lotus Chocolate Company Limited

• Change in control: Reliance Consumer Products Limited (RCPL) entered into a Share Purchase Agreement dated December 29, 2022 to acquire 65,49,065 equity shares (51%) from the erstwhile promoters; RCPL also made an open offer that completed on April 6, 2023, and on closing, RCPL became the promoter in sole control of the company.
• Capital infusion: Under an Investment Agreement, RCPL and promoter group subscribers would each infuse Rs. 25,39,66,000 by subscribing to 2,53,96,600, 0.01% – 20 year non-convertible, non-cumulative redeemable preference shares of Rs. 10 each, at par.
• Proposed acquisition: The company entered into a share purchase agreement dated December 29, 2022 to acquire 100% of Soubhagya Confectionary Private Limited for an aggregate consideration of Rs. 18 crore.
• Board reconstitution: Multiple appointments to the Board were made w.e.f. May 24, 2023, including new non-executive and independent directors, and committees were re-constituted accordingly.
• Quality certifications: The manufacturing facility continues to hold ISO 9001-2008 and FSSC 22000:2010 certifications (TUV NORD), underscoring global quality, environment, health and safety standards.