Reliance Industries Shareholders Approve Appointment of Isha, Akash And Anant As Non-Executive Directors

Reliance Industries Limited informed via an exchange filing on Friday that the resolutions for the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as the company's non-executive directors have been approved by its shareholders. The company said, "The said resolutions have been passed with more than requisite majority on October 26, 2023 (the last date of e-voting). "

Of the total votes polled, Isha Ambani, Akash Ambani, and Anant Ambani received yes from 98.21%, 98.06%, and 92.76% respectively.

The leadership transition marks a big step at Reliance Industries. Earlier, in August the board of directors of the company had approved the appointments of Isha, Akash, and Anant's appointments for the post.

Mukesh Ambani's daughter Isha Ambani currently heads Reliance Retail (RIL's retail venture). In July, Isha was also named a non-executive director on the board of Jio Financial Services (JFS).

Earlier, in July last year, Akash was appointed as the chairman of the board of directors of Reliance Jio Infocomm. He is also a member of the board of Jio Platforms.

Meanwhile, Anant Ambani is a director on the boards of Jio Platforms, Reliance Retail Ventures and Reliance New Energy and Reliance New Solar Energy.

The Mukesh Ambani-led diversified conglomerate Reliance Industries will announce its Q2FY24 results today. The share price of Reliance Industries was up 1.92% at Rs 2268.90 per share at 2:24 PM IST.