Reliance Industries Limited has informed the Exchange regarding Cessation of Mr Raminder Singh Gujral as Non- Executive Independent Director of the company w.e.f. Jun 11, 2025.
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Reliance Industries has informed the exchanges that Mr. Raminder Singh Gujral, Non-Executive Independent Director, will complete his second term on June 11, 2025. To fill the vacancy, the Board has appointed Mr. Dinesh Kanabar as an additional independent director effective June 12, 2025, for a five-year term, subject to shareholder approval. Dinesh Kanabar is a prominent Chartered Accountant and founder of Dhruva Advisors LLP, one of India's largest tax advisory firms. He previously served as Deputy CEO of KPMG India and Chairman of Tax Practice at PwC India, and currently sits on the boards of Adani Green Energy and PVR Inox. He is not related to any existing director of the company and meets all independence criteria under the Companies Act and SEBI LODR.
This is a routine, orderly board transition with an immediate replacement in place, so it is unlikely to have any material impact on the stock or shareholder sentiment. The appointment of a well-regarded tax and regulatory expert may strengthen the board's governance and policy expertise.