Reliance Communications Limited has requested an extension of time to convene its Annual General Meeting (AGM) for the Financial Year 2025-26. The company cited the prolonged Corporate Insolvency Resolution Process (CIRP) and severe financial constraints as primary reasons for the delay.

The telecom major, currently under the management of a Resolution Professional, stated that it is taking reasonable steps to ensure statutory compliance while safeguarding stakeholder interests. The filing was made to the BSE and NSE on October 22, 2026, in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Procedural steps taken

The company has already initiated the formal process for seeking the extension. Key actions include:

• Filing Form GNL-2 with the relevant authorities, bearing SRN-AC5939038.
• Preparing an application before suitable authorities, including the National Company Law Tribunal (NCLT), for approval of the extended timeline.

The company emphasized that these measures are intended to ensure an orderly and compliant process. It remains committed to keeping stock exchanges and stakeholders informed of any material developments or orders received regarding the AGM schedule.

Context on insolvency status

Reliance Communications has been undergoing CIRP since June 28, 2019. The affairs, business, and assets of the company are managed by Resolution Professional Anish Niranjan Nanavaty, appointed by the Hon'ble NCLT Mumbai Bench. The powers of the board of directors have been vested in the Resolution Professional since that date.

The Supreme Court dismissed review petitions filed by Reliance Communications and its subsidiary, Reliance Telecom Limited, on July 28, 2026. The apex court held that no error apparent in the February 13, 2026 judgment warranted a review under Order XLVII Rule 1 of the Supreme Court Rules, 2013.

This legal development directly impacts the corporate insolvency resolution process for both entities. The resolution plans for Reliance Communications and Reliance Telecom Limited provide for the sale of the right to use spectrum as key assets. The application for the approval of these resolution plans remains sub-judice before the National Company Law Tribunal (NCLT), Mumbai Bench.

Legal Proceedings

The dismissed petitions were Review Petition (Diary) No. 15076 of 2026 in Civil Appeal No. 4570 of 2021 concerning the parent company, and Review Petition (Diary) No. 15984 of 2026 in Civil Appeal No. 4571 of 2021 concerning the subsidiary. The court rejected applications seeking oral hearing of these petitions in open court.

Reliance Communications has been under the corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016. Since June 28, 2019, the affairs, business, and assets of the company have been managed by Resolution Professional Mr. Anish Niranjan Nanavaty, appointed by the NCLT, Mumbai Bench.

What the Numbers Show

The dismissal of the review petitions finalizes the legal stance taken in the February 2026 judgment, removing a potential procedural delay in the insolvency resolution timeline. With no specific violation or contravention stated against either entity in this order, the focus remains on the NCLT's pending approval of the spectrum sale component of the resolution plans.