Lotus chocolate Company Limited has completed the formal transition of its Registrar and Transfer Agent services through a tripartite agreement executed on February 26, 2026. The Hyderabad-based chocolate manufacturer informed BSE Limited about this significant corporate development through an official communication dated March 03, 2026.

Agreement Details and Parties Involved

The tripartite agreement marks the official handover of registrar services between the involved parties. The agreement structure involves three key entities working together to ensure a smooth transition of shareholder services.

Regulatory Compliance and Timeline

The company has fulfilled its disclosure obligations under Regulation 7(4) & (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about changes in their registrar and transfer agent arrangements. The formal agreement follows the company's preliminary intimation to the exchange dated January 17, 2025, indicating a well-planned transition process.

Corporate Communication

Utsav Saini, Company Secretary and Compliance Officer, signed the official communication to BSE Limited. The document was digitally signed on March 03, 2026, at 17:15:28 +05'30', demonstrating the company's commitment to timely regulatory compliance. The communication specifically references the company's scrip code 523475 for BSE trading purposes.

Company Background

Lotus Chocolate Company Limited operates from its registered office located at Banjara Hills, Hyderabad, Telangana. The company maintains its corporate identification number as L15200TG1988PLC009111 and provides investor communication through dedicated channels including email and website platforms.

Lotus Chocolate Company Ltd has announced key changes to its board of directors, with one resignation and one new appointment taking effect on February 27, 2026. The company disclosed these developments under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation

Mr. Krishnakumar Thirumalai (DIN: 00079047), who served as Non-Executive Non-Independent Director, has resigned from his position effective February 27, 2026. The company received his resignation letter on February 27, 2026 at 2:10 P.M. (IST). In his resignation letter, Mr. Thirumalai cited other pre-occupations as the reason for stepping down from his directorial role.

The Board of Directors placed on record its sincere appreciation for the contribution made by Mr. Krishnakumar Thirumalai during his tenure on the Board of the Company.

New Director Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Mohammed Rafathullah (DIN: 06744446) as an Additional Director (Non-Executive Director) with effect from February 27, 2026. The resolution appointing Mr. Rafathullah was passed by the Board of Directors on February 27, 2026 at around 8:22 P.M. (IST).

Professional Background

Mr. Mohammed Rafathullah brings extensive experience to the board, with over three decades of expertise in driving business turnarounds and large-scale transformations. His professional background spans multiple industries including FMCG, Telecom, IT and ISP businesses across India and South Asia.

Key Experience:

• Companies: Gandour Chocolates, Dukes Biscuits, ACT Broad Band, Bharti Teletech, Heinz India, and GlaxoSmithKline
• Expertise: P&L and Board-level leadership in sales & distribution, brand management and manufacturing
• Focus: Business turnarounds supported by measurable growth and execution excellence

Educational Qualifications:

• PG Diploma in Marketing Management from Annamalai University
• Bachelor's degree in Science from Osmania University
• Currently pursuing Doctorate of Business Administration (DBA) from ESGCI, Paris, with research focus on "Disruptive Strategies for Exponential Business Growth"

Regulatory Compliance

The company has confirmed that Mr. Mohammed Rafathullah is not related to any Director of the Company. In accordance with the circular dated June 20, 2018, issued by the Stock Exchange, the company confirmed that Mr. Rafathullah is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.

His appointment is subject to the approval of the members of the Company and upon such approval, he shall be liable to retire by rotation in accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company.