Reliance Communications Limited (RCom) has made significant changes to its board and auditing structure, as approved by shareholders at the company's 21st Annual General Meeting (AGM) held on September 30, 2025.

Key Appointments

Shareholders have given their nod to the appointment of Smt. Priyanka Agarwal as an Independent Director for a five-year term, effective from December 09, 2024. Agarwal, 39, brings a wealth of experience to the board. She is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and a Registered Valuer in Securities & Financial Assets. With 15 years of experience, her expertise spans Corporate Laws, Foreign Exchange Management Act (FEMA), Legal Due Diligence, Corporate Restructuring, and Intellectual Property Rights.

In addition to this board-level appointment, the shareholders also approved M/s. Ashita Kaul & Associates as the company's Secretarial Auditors for a five-year term, covering the financial years 2025-26 to 2029-30. The firm is led by Ms. Ashita Kaul, who boasts over 22 years of experience in secretarial audit and corporate advisory services.

Corporate Insolvency Resolution Process

It's important to note that Reliance Communications Limited continues to operate under a corporate insolvency resolution process. Since June 28, 2019, the company's affairs, business, and assets have been managed by Resolution Professional Mr. Anish Niranjan Nanavaty. This appointment was made by the Hon'ble National Company Law Tribunal, Mumbai Bench.

AGM Proceedings

The AGM, conducted through video conferencing, saw the passage of several resolutions. These included:

• Adoption of audited financial statements
• Reappointment of Smt. Grace Thomas as a director
• Ratification of remuneration payable to the Cost Auditor for the financial year ending March 31, 2026

Voting Results

The company reported that all resolutions put forth at the AGM were passed with significant majority. Key voting results include:

These appointments and approvals come at a crucial time for Reliance Communications, as the company continues to navigate through its insolvency proceedings. The addition of experienced professionals to its governance structure may be seen as a step towards strengthening its corporate oversight and compliance mechanisms.

Reliance Communications Limited (RCom), a prominent Indian telecommunications company, has announced its upcoming 65th Committee of Creditors (CoC) meeting, scheduled for September 18, 2025. This meeting is a significant step in the company's ongoing corporate insolvency resolution process, which has been in effect since June 2019.

Key Details of the Announcement

• Meeting Date: September 18, 2025 (Thursday)
• Purpose: 65th Committee of Creditors meeting
• Venue: Not specified in the announcement

Background of RCom's Insolvency Process

Reliance Communications has been under the corporate insolvency resolution process as per the Insolvency and Bankruptcy Code, 2016. The company's affairs have been managed by Resolution Professional Mr. Anish Niranjan Nanavaty since June 28, 2019. This arrangement came into effect following an order from the National Company Law Tribunal, Mumbai Bench.

Regulatory Compliance

The announcement of this meeting adheres to the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). Specifically, it complies with:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Sub-clause 16(g) of Clause A of Part A of Schedule III of the LODR

Company Management During Insolvency

Since the commencement of the insolvency process:

• The company's affairs, business, and assets are being managed by the Resolution Professional
• The powers of the board of directors are vested in Mr. Anish Niranjan Nanavaty

Market Information

This meeting marks a continuation of RCom's efforts to navigate through its financial challenges under the supervision of the Committee of Creditors. Stakeholders and market observers will be keenly watching for any outcomes or decisions that may emerge from this meeting, as they could potentially impact the future direction of the company amidst its ongoing insolvency proceedings.