Grace Thomas resigns as Non Executive Director of Reliance Communications

Smt. Grace Thomas has resigned from her position as Non Executive and Non Independent Director of reliance communications , effective May 14, 2026. The resignation was communicated to the stock exchanges via a regulatory filing submitted on May 18, 2026. The company stated that the director stepped down due to personal reasons.

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter, dated May 14, 2026, was addressed to the Resolution Professional of the company, acknowledging the opportunity and support extended during her tenure.

Details of Resignation

The following table outlines the key details regarding the change in directorship as provided in the filing:

Sr. No.	Particulars	Details
i.	Reason for change	Smt. Grace Thomas, (DIN: 07079566) has resigned from the position of “Non Executive and Non Independent Director” of the Company due to personal reasons.
ii.	Date of Cessation	May 14, 2026
iii.	Brief profile	Not applicable
iv.	Disclosure of relationship	Not applicable

Corporate Context

Reliance Communications Limited is currently under the corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from June 28, 2019, the affairs, business, and assets of the company are being managed by the Resolution Professional, Mr. Anish Niranjan Nanavaty. Consequently, the powers of the board of directors are vested in the Resolution Professional, following an order by the Hon'ble National Company Law Tribunal, Mumbai Bench.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-2.15%	-9.90%	-24.79%	-38.93%	-37.24%

Reliance Communications Limited disclosed on May 10, 2026, that officials of the Central Bureau of Investigation (CBI) conducted a search and seizure operation on May 09, 2026, at the residence of Smt. Grace Thomas, Non Executive and Non Independent Director of RCOM and erstwhile director of Reliance Telecom Limited (RTL), a wholly owned subsidiary of RCOM. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Search and Seizure Operation

The CBI operation targeted the residence of Smt. Grace Thomas. During the course of the search and seizure, officials took possession of several documents and records. The key items seized are outlined below:

Personal details of Smt. Grace Thomas
A copy of the forensic audit report pertaining to Reliance Communications Limited, Reliance Infratel Limited, and Reliance Telecom Limited, prepared by BDO India LLP
One box file containing accounts records and income tax computations of Reliance Telecom Limited

Regulatory and Legal Context

The following table summarises the key disclosures made by the company in accordance with Regulation 30 of the Listing Regulations:

Parameter:	Details
Authority:	Central Bureau of Investigation
Date of Operation:	May 09, 2026
Subject:	Smt. Grace Thomas, Non Executive and Non Independent Director, RCOM; Erstwhile Director, RTL
Legal Provisions:	Section 105 / 185 of the Bhartiya Nagarik Suraksha Sanhita, 2023 (Cr. No. and Sections: RC0742026E0003 U/s 120-B, 420 IPC and Sec: 13(2) r/w 13(1)(d) of PC Act, 1988)
Direction/Order Received:	N.A.
Impact on Financials/Operations:	Not expected to have any impact

Impact on Company Operations

Reliance Communications Limited stated that the search and seizure operation conducted by CBI officials is not expected to have any impact on the financials or operations of RCOM. The company further noted that it continues to operate its business in the normal course. RCOM is currently undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC), and is subject to protections available under the provisions of the IBC.

Insolvency Resolution Status

Reliance Communications Limited is under corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from June 28, 2019, its affairs, business, and assets are being managed by the Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by the Hon'ble National Company Law Tribunal, Mumbai Bench, vide order dated June 21, 2019, which was published on the website of the Hon'ble National Company Law Tribunal, Mumbai Bench on June 28, 2019. The disclosure was signed by Rakesh Gupta, Company Secretary, on behalf of Reliance Communications Limited.