RattanIndia Enterprises Limited has announced the transfer of its entire shareholding in subsidiary Cocoblu Retail Limited to another wholly owned subsidiary, Neobrands Limited. The transaction was disclosed to stock exchanges on April 9, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The shareholding transfer represents an internal corporate restructuring within the RattanIndia group. The company has provided clear disclosure that this transaction does not alter the fundamental ownership structure of Cocoblu Retail Limited.

Ownership Structure Impact

The company has emphasized that the transfer maintains the existing control framework. Cocoblu Retail Limited continues to function as a wholly owned step-down subsidiary of RattanIndia Enterprises Limited, ensuring no change in ultimate ownership or operational control.

This internal reorganization involves moving the shareholding from the parent company directly to Neobrands Limited, which itself remains a wholly owned subsidiary of RattanIndia Enterprises Limited. Such restructuring is typically undertaken for operational efficiency or strategic business alignment purposes.

Regulatory Compliance

The disclosure was made pursuant to SEBI LODR Regulations and applicable circulars issued by SEBI. Company Secretary Rajesh Arora signed the intimation letter sent to both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance for the shareholding transfer transaction.

Rattan India Enterprises Limited announced strong performance from its subsidiary Revolt Motors, which reported sales volumes growing approximately 3X month-on-month in March 2026. The significant surge signals accelerating consumer adoption of electric motorcycles across India.

Market Dynamics Drive Electric Adoption

The sales growth comes amid rising fuel price volatility and ongoing geopolitical uncertainties that are increasingly influencing consumer commuting choices. Electric motorcycles are emerging as a practical alternative to traditional petrol-powered bikes, offering significantly lower running costs and greater price predictability.

Geographic Expansion Beyond Metro Markets

The growth extends well beyond metropolitan cities, with strong demand emerging from Tier 2 and Tier 3 markets. Several states are leading the adoption trend, demonstrating how electric mobility is becoming mainstream across India.

Leading Adoption States:

• Maharashtra
• Rajasthan
• Uttar Pradesh
• Bihar
• Gujarat

This geographic diversification highlights the broadening appeal of electric motorcycles beyond traditional urban centers.

Leadership Perspectives on Market Shift

Roy Kurian, President of Revolt Motors, emphasized that the current trend represents a fundamental change rather than a temporary spike. "What we are witnessing is not a spike — it is a shift," he stated, noting that customers across India are making deliberate, long-term choices to switch to electric vehicles.

Ms. Anjali Rattan, Chairperson of RattanIndia Enterprises Ltd., highlighted the changing consumer behavior: "We are witnessing a real shift in consumer behaviour. Riders today are not just exploring electric they are actively choosing it as a smarter, more dependable alternative."

Infrastructure and Trust Building

Alongside growing demand, improvements in product reliability and an expanding dealership and service network have strengthened customer trust and accelerated adoption. These infrastructure developments address previous concerns about electric vehicle reliability and service accessibility.

Company Background and Market Position

Revolt Motors, founded in 2017, positions itself as India's leading electric motorcycle company and claims to have introduced India's first AI-enabled motorcycle. The company focuses on combining innovation with performance and aesthetics while providing comprehensive electric riding experiences through authorized dealerships.

RattanIndia Enterprises Limited serves as the flagship company of the RattanIndia Group, building technology-led businesses across multiple sectors including electric mobility, e-commerce, fashion brands, and drones. The company reports a market capitalization of approximately ₹7,000 crore and features in the Fortune 500 India list.