Reliance Infrastructure Limited has successfully secured shareholder approval for its ambitious financial restructuring plan through postal ballot voting concluded on December 18, 2025. The company's members have approved both special resolutions that were put forth to strengthen the company's financial position and support future growth initiatives.

Approved $600 Million FCCB Issuance

Shareholders have given their approval for the issuance of Foreign Currency Convertible Bonds (FCCBs) and other securities up to $600.00 million. This strategic move is designed to augment long-term resources, enhance the company's net worth, and ensure long-term viability for growth and expansion.

The approved FCCB issuance will serve multiple purposes:

• Meet long-term working capital requirements
• Support capital needs of RInfra and its affiliates/subsidiaries
• Fund general corporate purposes
• Finance potential ventures in energy businesses and the defense sector

Enhanced Borrowing Powers Approved

In the second resolution, shareholders have also approved the enhancement of the company's borrowing capacity. The Board of Directors now has authorization to borrow funds up to five times the company's paid-up share capital, free reserves, and securities premium, providing greater financial flexibility for future growth initiatives.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the company's strategic direction:

Voting Process Details

The postal ballot process was conducted with complete transparency and regulatory compliance:

Strategic Implications

With shareholder approval secured, Reliance Infrastructure is now positioned to:

1. Strengthen its presence across the energy business value chain
2. Expand its footprint in the defense sector, including manufacturing
3. Participate in opportunities under the 'Make in India' and 'Viksit Bharat' initiatives

The overwhelming approval rates, particularly the 97.94% support for the FCCB issuance, reflect strong investor confidence in the company's growth strategy and financial planning. This approval provides RInfra with the necessary tools to pursue its expansion plans and capitalize on emerging opportunities in the infrastructure and defense sectors.

Reliance Infrastructure , a part of the Reliance Group, has announced its first-ever Employee Stock Ownership Plan (ESOP) covering approximately 2,500 employees across Reliance Infrastructure Limited and Reliance Power Limited. This initiative, which received shareholder approval on November 3, marks a significant step in the group's commitment to employee empowerment and long-term value creation.

Key Highlights of the ESOP Program

• Broad Coverage: The program benefits nearly 2,500 employees across both Reliance Infrastructure and Reliance Power.
• Favorable Terms: Most employees can exercise options at a face value of ₹10.00 per share, recognizing their loyalty and contributions to the group's turnaround.
• Expanded Shareholder Base: The initiative aims to grow the group's investor community beyond its current 50 lakh shareholders.
• Strategic Alignment: The ESOP is designed to acknowledge past performance while aligning employee aspirations with long-term growth objectives.

Financial Snapshot of Reliance Group

Company Profiles

Reliance Infrastructure Limited

• Focuses on high-growth sectors including Power, Roads, Metro Rail, and Defence
• Provides Engineering and Construction (E&C) services for power, infrastructure, metro, and road projects

Reliance Power Limited

• Total installed capacity of 5,305 MW
• Operates the 4,000 MW Sasan Ultra Mega Power Project, the world's largest integrated thermal power plant

Strategic Implications

The introduction of this ESOP program underscores Reliance Group's commitment to fostering a culture of ownership and sustainable value creation. By offering equity participation to a broad base of employees, the group aims to strengthen employee engagement, align interests, and drive long-term growth.

The move comes at a time when both flagship companies, Reliance Infrastructure and Reliance Power, are reported to be bank debt-free, indicating a strong financial position. This ESOP initiative may further boost investor confidence and employee morale, potentially contributing to the group's ongoing transformation and growth strategy.

As Reliance Group positions itself as 'Resilient, Renewed, and Resurgent in Growth,' this ESOP program serves as a tangible demonstration of its commitment to inclusive growth and employee empowerment. The success of this initiative may set a precedent for other large conglomerates in India, potentially influencing industry-wide practices in employee ownership and value sharing.