Reliance Industries announced on June 19, 2026, that its 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 filing marks the progression of the proposed Initial Public Offer, which is subject to receipt of required regulatory approvals. 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%.

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

Reliance Industries Limited has declared a dividend of Rs 6 per equity share for the financial year ended March 31, 2026, following the conclusion of its Forty-ninth Annual General Meeting (Post-IPO). The meeting, held through Video Conferencing and Other Audio-Visual Means, approved all resolutions listed in the notice, including the adoption of audited financial statements and the re-appointment of key directors. The dividend payout applies to fully paid-up equity shares of Rs 10 each.

The Annual General Meeting was chaired by Shri Mukesh D. Ambani, Chairman & Managing Director, and commenced at 2:00 p.m. IST on Friday, June 19, 2026. The proceedings were conducted in compliance with the Ministry of Corporate Affairs circulars, the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. A live webcast of the meeting was provided, and representatives of the Statutory Auditors and Secretarial Auditor were present.

Resolutions Passed

The shareholders approved seven resolutions, categorised into ordinary and special business. The ordinary business included the consideration of audited financial statements for the financial year ended March 31, 2026, and the declaration of dividend. Additionally, Shri Akash M. Ambani (DIN: 06984194) and Shri Anant M. Ambani (DIN: 07945702) were appointed as Directors, retiring by rotation.

The special business resolutions covered the ratification of remuneration for Cost Auditors for the financial year ending March 31, 2027, and the approval of material related party transactions for the company and its subsidiaries.

Voting Details

Remote e-voting commenced at 1:00 p.m. IST on Sunday, June 14, 2026, and concluded at 5:00 p.m. IST on Thursday, June 18, 2026. Shri Sunil Khandelwal, a Practising Chartered Accountant and Partner of Khandelwal & Mehta LLP, was appointed as the Scrutiniser for the electronic voting process. The facility to vote at the meeting via an electronic voting system was also available to participants.

All resolutions were passed with the requisite majority. The company will separately intimate the detailed voting results to the stock exchanges and upload them to its website and that of KFin Technologies Limited, the authorised agency for the e-voting facility.