Reliance Industries Limited (RIL), India's diversified conglomerate, has announced its 48th Annual General Meeting (AGM) date and reported a significant increase in its quarterly profits. The company has also declared a dividend for its shareholders.

AGM and Dividend Announcement

RIL has scheduled its 48th Annual General Meeting for August 29 at 2:00 PM (IST). The meeting will be held virtually through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company has set August 14 as the record date for dividend eligibility. Shareholders on record as of this date will be eligible to receive a final dividend of Rs 5.50 per equity share. RIL has committed to paying this dividend within a week of the AGM's conclusion.

Q1 Financial Performance

RIL has reported impressive financial results for the first quarter:

The substantial 78% year-on-year increase in consolidated net profit, from Rs 15,138.00 crore to Rs 26,994.00 crore, was primarily driven by a one-time gain of Rs 8,924.00 crore from the sale of RIL's stake in Asian Paints.

Segment Performance

Jio Platforms, RIL's digital services arm, demonstrated strong growth with an 18.8% year-on-year increase in revenue. This growth was attributed to both subscriber growth and increased consumption of services.

Stock Performance

RIL shares closed at Rs 1,390.00 on the National Stock Exchange (NSE), down 1.4% for the day. However, the stock has shown resilience in the broader market context, gaining 14% year-to-date.

Voting Eligibility

For shareholders interested in participating in the decision-making process, RIL has set August 22 as the cut-off date for determining eligibility to vote on resolutions presented in the AGM notice.

The upcoming AGM and strong financial results underscore Reliance Industries' continued prominence in the Indian corporate landscape, showcasing its ability to generate significant profits and maintain shareholder value in a dynamic economic environment.

Reliance Industries Limited (RIL), one of India's largest conglomerates, has made headlines with a significant block trade and the announcement of shareholder voting results on key appointments.

Block Trade Worth Rs. 144.02 Crore

Reliance Industries executed a block trade on the National Stock Exchange (NSE) involving approximately 1,030,437 shares at Rs. 1,397.70 per share. The transaction, totaling Rs. 144.02 crore, represents a substantial institutional trade in the company's shares.

Shareholders Approve Key Appointments

In a separate development, RIL disclosed the results of a postal ballot conducted through remote e-voting. The shareholders have approved three significant resolutions with overwhelming majority:

1. Appointment of Anant M. Ambani: Shareholders approved the appointment of Shri Anant M. Ambani as a Whole-time Director, designated as an Executive Director, for a period of five years effective from May 1, 2025.

2. Re-appointment of Hital R. Meswani: The re-appointment of Shri Hital R. Meswani as a Whole-time Director, designated as an Executive Director, for another five-year term from August 4, 2025, was also approved.

3. Appointment of Dinesh Kanabar: Shareholders gave their nod to the appointment of Shri Dinesh Kanabar as an Independent Director of the Company for a term of five consecutive years, effective from June 12, 2025.

Voting Results

The voting results revealed strong support for all three resolutions:

The e-voting process was conducted from June 30, 2025, to July 29, 2025, and the results were scrutinized by an independent chartered accountant.

These developments underscore Reliance Industries' ongoing corporate governance practices and the confidence of institutional investors in the company's stock. The approval of key appointments also signals continuity and fresh perspectives in the company's leadership team as it moves forward with its strategic plans.