Reliance Industries passes all resolutions at FY26 AGM

Reliance Industries Limited announced that all seven resolutions at its Forty-ninth Annual General Meeting (Post-IPO) held on June 19, 2026, were passed with the requisite majority. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the approval of key proposals including the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of a dividend of ₹6 per equity share. The detailed voting results were disclosed in compliance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Overview

Remote e-voting commenced on June 14, 2026, and concluded on June 18, 2026, with a total of 45,67,805 shareholders on record as of June 12, 2026. The Scrutiniser's Report, provided by Khandelwal & Mehta LLP, confirmed that resolutions regarding the re-appointment of Shri Akash M. Ambani and Shri Anant M. Ambani as Directors were approved. Additionally, shareholders ratified the remuneration of Cost Auditors for the financial year ending March 31, 2027, and approved material related party transactions for the company and its subsidiaries.

Resolution Results

The resolutions received strong support across various shareholder categories. The declaration of dividend secured 99.98% of the valid votes polled. For the appointment of directors, the resolutions received 93.43% and 93.87% of the valid votes in favour for Shri Akash M. Ambani and Shri Anant M. Ambani, respectively. The approval of material related party transactions for the company and its subsidiaries saw participation primarily from public shareholders, as promoter group votes were not cast on these items.

Resolution	Votes in Favour	Votes Against	% of Valid Votes in Favour
Dividend Declaration	117,42,56,837	19,79,058	99.9831
Appointment of Shri Akash M. Ambani	109,68,25,524	77,16,35,117	93.4272
Appointment of Shri Anant M. Ambani	110,05,10,427	71,89,91,295	93.8674
Cost Auditor Remuneration	117,39,26,360	48,96,402	99.9583
Material Related Party Transactions (Company)	49,72,56,221	3,27,67,325	99.3454

The company submitted the detailed voting results to the stock exchanges and uploaded them to its website. The proceedings were overseen by Savithri Parekh, Company Secretary and Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.31%	-2.16%	+1.31%	-12.97%	-16.77%	+34.73%

Reliance Industries announced on June 19, 2026, that its material subsidiary Jio Platforms Limited filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE Limited, and National Stock Exchange of India Limited. The Board of Directors of Jio Platforms approved the filing for a proposed Initial Public Offer by way of a fresh issue of up to 27,00,00,000 (twenty seven crore) equity shares of face value of Rs. 10 each. The issue price will be determined through the book building process in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This development follows the company's 49th Annual General Meeting where the DRHP approval was confirmed.

Regulatory Filing Details

The DRHP was submitted on June 19, 2026, with SEBI, BSE, and NSE. The intimation, signed by Company Secretary and Compliance Officer Savithri Parekh, confirmed that the IPO process is underway. The proposed offer will proceed upon securing necessary regulatory clearances.

Operational and Financial Context

Jio Platforms reported significant operational scale for FY26, including a user base crossing 524 million and 5G subscribers exceeding 268 million. The company recorded revenue of ₹1,46,885 crore ($15.5 billion) and EBITDA of ₹76,255 crore ($8.0 billion), with an EBITDA margin of 51.90%. Profit After Tax crossed ₹30,000 crore ($3.2 billion), reflecting year-on-year growth of 15.1%.

Metric	FY26 Achievement
User Base	Crossed 524 million
5G Subscribers	Crossed 268 million
Revenue	₹1,46,885 crore ($15.5 billion)
EBITDA	₹76,255 crore ($8.0 billion)
Profit After Tax	Crossed ₹30,000 crore ($3.2 billion)

The IPO filing represents a strategic milestone for Reliance Industries, leveraging the strong financial and operational performance of its digital arm.