Reliance Consumer Products or RCPL stands dissolved as of 1 December 2025 and New RCPL will become an 83.56 per cent direct subsidiary of Reliance Industries
Marking another strategic step in Reliance Industries’ or RIL’s plan to expand its fast-moving consumer goods (FMCG) footprint, Reliance Retail (RRL) has completed the internal restructuring process. With this, its consumer business has been moved on a going-concern basis to a new entity named New Reliance Consumer Products or New RCPL.
The composite scheme of arrangement involving the group’s companies has become effective from 1 December 2025, RIL informed the exchanges. As per the arrangement among RRL and Reliance Retail Ventures or RRVL and their shareholders and creditors and RCPL, it has transferred the FMCG brands business from Reliance Retail to New RCPL.
“Reliance Retail Ventures has informed the company today, at 8:22 PM, that a composite scheme of arrangement among RRL and its shareholders and creditors and RRVL and its shareholders and creditors and RCPL and its shareholders and creditors and Tira Beauty (to be renamed as Reliance Consumer Products under the scheme) (New RCPL) and its shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 has become effective from 1 December 2025,” Reliance Industries stated in a regulatory filing.
RCPL stands dissolved as of 1 December 2025, the company stated. Now, New RCPL will become an 83.56 per cent direct subsidiary of Reliance Industries. According to Reliance, this restructuring will help the consumer products segment grow faster with a dedicated management team and a distinct business focus. The company noted that this segment requires specialised expertise, large capital investments, and attracts a different set of investors than the retail division.
As consideration for the demerger of the consumer brands business undertaking from RRVL to New RCPL, New RCPL will allot one fully paid-up equity share of Rs 10 each for every two fully paid-up equity shares of Rs 10 each of RRVL, to the shareholders of RRVL. Upon allotment of equity shares as above, the entire pre-scheme paid-up share capital of New RCPL held by RRVL shall stand cancelled and reduced, without any consideration, the company added.
