Jio Financial Services shareholders approved all seven ordinary resolutions at the company’s third annual general meeting held on August 26, 2026. The meeting was conducted via video conferencing and other audio-visual means, with voting carried out through remote e-voting and an electronic voting system at the meeting.

The company disclosed that 49,58,489 shareholders were on record as of the cut-off date, August 19, 2026. A total of 470,23,28,425 valid votes were polled for the adoption of the audited financial statements, representing approximately 71.21% of the outstanding shares eligible to vote.

Voting Breakdown by Category

The promoter and promoter group, holding 324,38,87,366 shares, cast votes in favor of all resolutions with a 100% approval rate. Public institutional investors participated significantly, polling 143,82,65,776 votes, which accounted for 88.21% of their outstanding shares. Public non-institutional shareholders polled 2,01,75,283 votes, representing 1.17% of their holdings.

Key Resolutions Approved

Shareholders approved the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The dividend declaration resolution received overwhelming support, with 99.98% of polled votes cast in favor. Only 10,37,422 votes were cast against the dividend proposal.

The board also secured approval for the appointment of Hitesh Kumar Sethia as a director retiring by rotation and his re-appointment as Managing Director and Chief Executive Officer. These resolutions passed with 99.85% and 99.41% support respectively. Additionally, shareholders approved the appointment of joint statutory auditors and fixed their remuneration.

Material related party transactions for both the company and its subsidiaries were approved with near-unanimous support from the eligible voting base. For these specific resolutions, only public shareholders were eligible to vote as per SEBI regulations, resulting in a lower total vote count but a 99.99% approval rate.

What the Numbers Show

The voting data highlights a distinct divergence in engagement levels between shareholder categories. While the promoter group exercised full voting rights on its entire stake, public non-institutional participation remained minimal at just over 1% of eligible shares. This concentration of voting power among promoters and large institutions ensures stability in governance decisions but suggests limited active oversight from the retail investor base during this AGM cycle.

Jio Financial Services shareholders approved a final dividend of Re 0.60 per equity share and reappointed Hitesh Sethia as Managing Director and Chief Executive Officer at the company’s third post-listing Annual General Meeting on August 26, 2026.

The meeting, held via video conferencing, concluded at 3:27 pm after approving all ordinary and special business resolutions with the requisite majority. Sunil Mehta, Independent Director, chaired the proceedings in the absence of Chairman K.V. Kamath.

Key Resolutions Passed

Shareholders approved the adoption of audited financial statements for FY26 and the appointment of PKF Sridhar & Santhanam LLP as Joint Statutory Auditors. The Board also secured approval for material related-party transactions involving both the parent company and its subsidiaries.

Auditor Appointment Details

PKF Sridhar & Santhanam LLP has been appointed as Joint Statutory Auditors for a continuous period of three years, from the conclusion of the AGM on August 26, 2026, until the conclusion of the AGM to be held in 2029. They will serve alongside existing Statutory Auditors Deloitte Haskins & Sells.

Lodha & Co LLP ceased to be Joint Statutory Auditors at the conclusion of the meeting, having served a three-year term since July 12, 2023.

Leadership Reappointment

Hitesh Kumar Sethia was reappointed as Managing Director and Chief Executive Officer for a period of five years. His new term commences on November 15, 2026, upon the expiry of his present term of office.

Governance and Voting

Remote e-voting commenced on August 21, 2026, and concluded on August 25, 2026. Khushit Jain, Partner at Dayal and Lohia, Chartered Accountants, served as the scrutinizer for electronic voting. The company provided live webcasting facilities to ensure transparency during the proceedings.