Postal Ballot Notice dated June 28, 2025 along with the explanatory statement, is attached.
RELIANCE · price
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Reliance Industries has issued a postal ballot notice seeking shareholder approval through remote e-voting (June 30 to July 29, 2025) for three board-related resolutions. The key one is the formal appointment of Anant M. Ambani (son of Chairman Mukesh Ambani) as Whole-time Director (Executive Director) for 5 years effective May 1, 2025, with a salary, perquisites and allowances range of ₹10-20 crore per annum, plus net profit-linked remuneration. The second is the re-appointment of Hital R. Meswani as Whole-time Director for another 5-year term from August 4, 2025; his total remuneration has been ₹25 crore each in FY24-25, FY23-24 and FY22-23. The third is the appointment of Dinesh Kanabar (Founder & CEO of Dhruva Advisors LLP) as Independent Director for 5 years from June 12, 2025, filling the vacancy left by Raminder Singh Gujral's completed second term. The Anant Ambani resolution formalizes his role after a decade with the group, where he has been closely involved in O2C operations, new energy projects and capital projects execution.
The elevation of Anant Ambani to the board as Executive Director marks a clear step in the next-generation succession plan at RIL and is likely to be viewed positively by investors for continuity. The other two resolutions are routine and non-disruptive, and together the postal ballot is unlikely to move the stock materially barring any unrelated vote outcome.