Reliance Industries has issued an official statement to stock exchanges categorically rejecting recent media reports alleging the purchase of crude oil of Iranian origin. The company described these claims as "entirely baseless, factually incorrect, and misleading" in its communication dated March 26, 2026.

Official Exchange Filing

The company filed its statement under Regulation 30 with both BSE Limited and National Stock Exchange of India Limited, addressing what it termed unsubstantiated media reports. The statement was signed by Savithri Parekh, Company Secretary and Compliance Officer, and digitally authenticated on March 26, 2026.

Company's Position

Reliance Industries emphasized its commitment to factual reporting and urged media outlets to verify information thoroughly before publication. The company expressed concern about the dissemination of unsubstantiated reports that could misinform stakeholders and the public.

The official statement represents a direct response to earlier media coverage suggesting the company had engaged in Iranian oil transactions. The company's categorical denial underscores its position on maintaining transparency with investors and regulatory authorities through proper exchange filings.

Regulatory Compliance

The statement was filed simultaneously with multiple exchanges, including the Luxembourg Stock Exchange and Singapore Exchange Limited, demonstrating the company's commitment to comprehensive disclosure across all listing jurisdictions. This multi-exchange communication reflects standard practice for companies with international listings when addressing material concerns.

Reliance Industries Limited executed another substantial block trade on the National Stock Exchange (NSE), demonstrating continued institutional trading activity in the stock. The latest transaction represents significant large-volume trading in the current market environment.

Block Trade Details

The recent transaction details showcase ongoing institutional participation in Reliance Industries shares.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are usually conducted to minimize market impact while facilitating substantial position changes. The execution price of ₹1418.00 per share reflects the prevailing market conditions at the time of the transaction.

The substantial volume of 238,721 shares indicates meaningful institutional activity, which often serves as an indicator of investor sentiment and market dynamics. Such transactions are closely monitored by market participants as they can provide insights into institutional investment patterns and market liquidity conditions.