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.

The Enforcement Directorate (ED) has filed money laundering charges against Anil Ambani in connection with Reliance Communications (RCom), marking a significant development in the ongoing investigation into the company's financial affairs.

Details of the Charges

The ED, India's economic intelligence agency, has initiated legal proceedings against Anil Ambani, the former chairman of Reliance Communications, alleging his involvement in money laundering activities related to the company. The specific details of the charges have not been disclosed in the initial report.

Background on Reliance Communications

Reliance Communications, once a major player in India's telecom sector, has been facing financial difficulties for several years. The company is currently undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

Current Status of RCom

According to the latest available information:

• RCom's affairs, business, and assets are being managed by a Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by the National Company Law Tribunal, Mumbai Bench.
• The powers of the board of directors are now vested in the Resolution Professional.
• This arrangement has been in effect since June 28, 2019, following an order dated June 21, 2019.

Upcoming Annual General Meeting

Despite the ongoing legal and financial challenges, Reliance Communications is proceeding with its corporate governance obligations:

• The 21st Annual General Meeting (AGM) of RCom is scheduled for September 30, 2025, at 11:30 A.M. (IST).
• The meeting will be held through Video Conference (VC) or Other Audio Visual Means (OAVM).
• Shareholders will have the opportunity to participate in remote e-voting from September 27, 2025, to September 29, 2025.

Implications and Next Steps

The filing of money laundering charges against Anil Ambani is a serious development that could have far-reaching consequences for both the former chairman and the company. As the investigation progresses, more details are expected to emerge regarding the nature and extent of the alleged financial irregularities.

Stakeholders, including shareholders and creditors of Reliance Communications, will be closely watching the outcome of these proceedings and their potential impact on the ongoing insolvency resolution process.

The Enforcement Directorate's action underscores the increasing scrutiny of corporate financial transactions and the government's commitment to addressing alleged economic offenses in the business sector.