Reliance Industries Limited has issued a postal ballot notice seeking shareholder approval for related party transactions (RPTs) valued at ₹1.45 lakh crore, alongside an alteration to its objects clause to enter the ammonium nitrate business. The resolutions aim to sanction increased financial support for subsidiaries Reliance Consumer Products Limited and Reliance Retail Limited, while diversifying operations into explosives and fertilizers. The e-voting process commences on July 22, 2026, and concludes on August 20, 2026.

The company proposes raising the limit for resource transfers to Reliance Consumer Products Limited (RCPL) to ₹25,000 crore for the period from FY27 to FY29. RCPL, in which Reliance Industries holds an 83.56% equity stake, requires these funds for capital expenditure, working capital, and general corporate purposes as it scales operations and develops food parks. This proposed limit represents 2.3% of the company’s annual consolidated turnover for FY26.

Additionally, the monetary limit for transactions between Reliance Retail Ventures Limited (RRVL) and its step-down subsidiary Reliance Retail Limited (RRL) is proposed to be increased to ₹1,20,000 crore, outstanding at any point in time until FY32. RRVL will provide investments, loans, and advances to RRL to support the expansion of store networks, digital commerce, and new commerce formats. The estimated transaction value constitutes 11.2% of the company’s annual consolidated turnover for FY26.

The third resolution seeks to alter the objects clause of the Memorandum of Association to include the manufacture of ammonium nitrate, explosives, and fertilizers. This strategic move aligns with the company’s vision to build capabilities in new energy and new materials, targeting net carbon zero by 2035. The proposed integrated facility at Jamnagar will cater to growing domestic and export demand for explosives and downstream fertilizer products.

Key Financial Proposals

E-Voting Schedule

The Audit Committee, comprising only independent directors, has reviewed and approved these transactions, confirming they are at arm's length and in the ordinary course of business. KFin Technologies Limited has been engaged as the e-voting agency. Sunil Khandelwal, a Practising Chartered Accountant and Partner of Khandelwal & Mehta LLP, has been appointed as the Scrutiniser for the postal ballot process. The company dispatched the Postal Ballot Notice electronically on July 21, 2026, and published advertisements in The Times of India and Maharashtra Times on July 22, 2026.

A notable block trade involving reliance industries was recorded on the National Stock Exchange (NSE), with approximately 477,846 shares transacted at a price of ₹1249.80 per share, aggregating to a total deal value of ₹59.72 crores.

Block Trade Details

The following table summarises the key parameters of the block trade:

Transaction Overview

Block trades are large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. Such trades are generally conducted outside the regular market order book to minimise price disruption and ensure efficient execution at a pre-negotiated price. The transaction in Reliance Industries at ₹1249.80 per share for approximately 477,846 shares reflects the scale of institutional activity in one of India's most widely tracked large-cap stocks.