Please note that Shri Raminder Singh Gujral, independent director of the Company, will be completing his second term on June 11, 2025.
Awaiting price reaction for this filing.
Reliance Industries Limited (RIL) has informed stock exchanges that Shri Raminder Singh Gujral, an independent director, will complete his second term on June 11, 2025. The Board of Directors, on the recommendation of the Human Resources, Nomination and Remination Committee, has appointed Shri Dinesh Kanabar (DIN: 00003252) as an additional director designated as independent director with effect from June 12, 2025, filling the vacancy. Kanabar's appointment is for a period of 5 years and is subject to shareholder approval. Kanabar is a prominent Chartered Accountant, founder of Dhruva Advisors LLP, former Deputy CEO of KPMG India, and former Chairman of Tax Practice at PwC India. He currently serves on the boards of Adani Green Energy Ltd and PVR Inox Ltd. He is not related to any existing director and is confirmed not debarred from holding the office of director.
This is a routine, planned board rotation with no material impact on operations or shareholder value. Dinesh Kanabar's deep tax, regulatory, and advisory expertise could be a positive addition to the board's strategic oversight capability.