Reliance Industries Convenes 49th AGM on June 19, 2026; Proposes ₹6 Per Share Dividend
Reliance Industries Limited has convened its Forty-ninth AGM (Post-IPO) on June 19, 2026, proposing a dividend of ₹6 per equity share aggregating ₹8,119 crore for FY 2025-26. The Company reported consolidated revenue of ₹11,75,919 crore (up 9.8% Y-o-Y), EBITDA of ₹2,07,911 crore (up 13.4%), and net profit of ₹95,754 crore (up 17.8%). Key AGM agenda items include adoption of financial statements, re-appointment of directors retiring by rotation, ratification of cost auditor remuneration, and approval of material related party transactions.
*this image is generated using AI for illustrative purposes only.
Reliance Industries Limited has issued the Notice convening its Forty-ninth Annual General Meeting (Post-IPO), scheduled for Friday, June 19, 2026 at 2:00 P.M. (IST), to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Notice and Integrated Annual Report for the financial year 2025-26 are being dispatched electronically to all registered members and debenture holders, in compliance with MCA Circulars and Regulation 36(1)(a) of the SEBI Listing Regulations. The disclosure was filed with BSE Limited and the National Stock Exchange of India Limited on May 28, 2026, further to an earlier disclosure dated May 27, 2026.
Key Financial Highlights for FY 2025-26
The Company delivered a strong financial performance for the year ended March 31, 2026. The following table summarises the key consolidated and standalone financial metrics:
| Metric: | Standalone | Consolidated |
|---|---|---|
| Value of Sales and Services: | ₹5,46,852 crore (US$ 57.7 billion) | ₹11,75,919 crore (US$ 124.0 billion) |
| EBITDA: | ₹78,085 crore (US$ 8.2 billion) | ₹2,07,911 crore (US$ 21.9 billion) |
| Cash Profit: | ₹63,309 crore (US$ 6.7 billion) | ₹1,71,258 crore (US$ 18.1 billion) |
| Net Profit: | ₹43,851 crore (US$ 4.6 billion) | ₹95,754 crore (US$ 10.1 billion) |
Consolidated revenue grew 9.8% Y-o-Y, driven by robust double-digit growth in Digital Services, Retail and Media & Entertainment businesses. EBITDA expanded 13.4% Y-o-Y and PAT was up 17.8% compared to the previous financial year. Gross debt as on March 31, 2026 was ₹3,74,421 crore (US$ 39.5 billion) and Net debt stood at ₹1,24,717 crore (US$ 13.2 billion). Capital expenditure for FY 2025-26 stood at ₹1,44,271 crore (US$ 15.2 billion).
AGM Agenda: Ordinary and Special Business
The AGM will transact the following business:
Ordinary Business
- Adoption of Financial Statements: Consideration and adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
- Dividend Declaration: Declaration of a dividend at the rate of ₹6/- (Rupees Six only) per equity share of ₹10/- (Rupees Ten only) each, fully paid-up, for the financial year ended March 31, 2026. The Board of Directors has recommended this dividend, aggregating ₹8,119 crore. The Record Date for determining eligible members has been fixed as Friday, June 5, 2026.
- Director Re-appointments: Re-appointment of Shri Akash M. Ambani (DIN: 06984194) and Shri Anant M. Ambani (DIN: 07945702), who retire by rotation.
Special Business
- Ratification of Cost Auditor Remuneration: Ratification of remuneration payable to Cost Auditors for the financial year ending March 31, 2027.
- Approval of Material Related Party Transactions: Approval of material related party transactions of the Company (Item No. 6) and its subsidiaries (Item No. 7).
Cost Auditor Remuneration for FY 2026-27
The Board has approved the appointment and remuneration of Cost Auditors for the financial year ending March 31, 2027. The details are as follows:
| Cost Auditor: | Industry | Cost Audit Fee (excluding Taxes) (in ₹) |
|---|---|---|
| Diwanji & Co.: | Electricity Generation, Chemicals and Gasification | 14,50,000 |
| K. G. Goyal & Associates: | Chemicals and Electricity Generation | 8,85,000 |
| V. J. Talati & Co.: | Chemicals | 8,55,000 |
| Kiran J. Mehta & Co.: | Textiles, Composites and Polyester | 7,42,000 |
| Suresh Damodar Shenoy: | Chemicals, Petroleum and Gasification | 14,93,000 |
| V. Kumar & Associates: | Chemicals and Polyester | 9,80,000 |
| Dilip M. Malkar & Co.: | Chemicals and Polyester | 12,30,000 |
| Balwinder & Associates: | Electricity Generation | 1,25,000 |
| Shome & Banerjee: | Oil & Gas, Chemicals, Telecommunications and RE Power Business | 15,85,000 |
| Shome & Banerjee (Lead Cost Auditor): | Lead Cost Audit Fee | 13,25,000 |
| Total: | 1,06,70,000 |
Material Related Party Transactions
The annual consolidated turnover of the Company as on March 31, 2026 is ₹10,75,675 crore (excluding duties and taxes). Member approval is sought for related party transactions exceeding ₹5,000 crore in a financial year, under Regulation 23 of the Listing Regulations. Key transactions for which approval is sought include:
| Transaction (Company): | Related Party | Period | Estimated Value |
|---|---|---|---|
| Sale of natural gas (A1): | India Gas Solutions Private Limited | FY 2026-27 to FY 2031-32 | Upto USD 475 million per year |
| Purchase of natural gas/LNG (A1): | India Gas Solutions Private Limited | FY 2026-27 to FY 2031-32 | Upto USD 660 million per year |
| Sale of petrochemical products/solar modules (A2): | Reliance Consumer Products Limited | FY 2026-27 | Upto ₹7,600 crore |
| Sale of petroleum products (A3): | Reliance BP Mobility Limited | FY 2027-28 | Upto ₹1,65,500 crore |
| Telecom services availed (A4): | Reliance Jio Infocomm Limited | FY 2027-28 to FY 2031-32 | Upto ₹1,800 crore per year |
| Project execution/business support services (A4): | Reliance Jio Infocomm Limited | FY 2027-28 to FY 2031-32 | Upto ₹19,200 crore per year |
| IDC and business support services (A5): | Jio Platforms Limited | FY 2027-28 to FY 2031-32 | Upto ₹5,300 crore per year |
For subsidiary transactions, key approvals sought include transactions between Reliance Retail Limited and Reliance Consumer Products Limited (upto ₹35,000 crore for FY 2026-27), between Reliance Retail Limited and Neolync Solutions Private Limited (upto ₹34,200 crore for FY 2026-27), and between Reliance Retail Limited and Reliance Jio Infocomm Limited (upto ₹2,20,000 crore for FY 2027-28). All related party transactions are at arm's length and in the ordinary course of business.
Director Profiles: Retiring by Rotation
Shri Akash M. Ambani (age 34 years), Managing Director of Jio Platforms Limited, holds 1,61,04,042 (0.12%) equity shares of ₹10/- each in the Company and drew remuneration of ₹2.55 crore in FY 2025-26. Shri Anant M. Ambani (age 31 years), Executive Director of Reliance Industries Limited, also holds 1,61,04,042 (0.12%) equity shares of ₹10/- each and drew remuneration of ₹12.39 crore (including his remuneration as Whole-Time Director) in FY 2025-26. Both were first appointed on October 27, 2023 and attended 100% of Board meetings held in FY 2025-26 (5 meetings) and FY 2026-27 up to the date of the Notice (2 meetings).
E-Voting and AGM Participation
The Company has engaged KFin Technologies Limited as the e-voting agency. The remote e-voting period will be open from 1:00 p.m. (IST) on Sunday, June 14, 2026 to 5:00 p.m. (IST) on Thursday, June 18, 2026. The cut-off date for determining voting rights is Friday, June 12, 2026. Members wishing to speak at the AGM may register at the designated link from Friday, May 29, 2026 to Saturday, June 6, 2026. E-voting results will be announced on or before Monday, June 22, 2026 and will be placed on the Company's website at www.ril.com and on KFinTech's website.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE002A01018/16926cf8-3247-4693-905f-23d38ecfa0cf.pdf
Historical Stock Returns for Reliance Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | +2.10% | +1.71% | -13.98% | -5.88% | +51.02% |
How will the significant capital expenditure of ₹1.44 lakh crore in FY 2025-26 impact the company's free cash flow and leverage ratios in the coming year?
What strategic rationale drives the projected increase in related party transactions with Reliance BP Mobility and Reliance Retail to ₹1.65 lakh crore and ₹2.20 lakh crore respectively?
With the re-appointment of Akash and Anant Ambani, what new strategic priorities or leadership shifts can investors expect from the next generation of management?
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