RIL To Hold Its 45th AGM On August 29: Here's What Shall Be In Focus

Reliance Industries (RIL) will hold its 45th annual general meeting (AGM) for the fiscal year 2022 on August 29, 2022. The meet shall commence from 2 pm (IST) via video conferencing.

The notice regarding the 45th AGM and Integrated Annual Report of the Company for the financial year 2021-22 has been sent to the members and debenture holders through electronic mode.

Dividend announcement for Fy2022: RIL in respect of the dividend for the fiscal year 2022 has announced August 19 as the record date and the same be declared at the 45th AGM. Cut off date to determine members eligible for voting is August 22.

'Clean and green' energy: The company has emphasised its focus on 'clean and green' energy. Alongside, low-priced broadband services, the oil to telecom conglomerate is aiming the creation of the most accessible ' clean and green' energy in the world in the next 10 years. This would enable the company's growth for the upcoming 5-7 years.

At its 44th AGM, the company announced a Rs. 75,000 crore investment in green energy over the 3-year period to push its new energy plan. To strengthen its presence in the segment, the company plans to establish a complete green energy ecosystem, from solar power generation to green hydrogen production.

Launch of 5G services: The launch of 5G services shall also be on radar as its auction concluded only lately. The company's telecom arm Reliance Jio is planning to offer 5G services in 9 cities starting with Mumbai and Delhi by January 2023.

Future plans for telecom and retail division may be announced: At the AGM, Mukesh Ambani may announce plans for the company's retail and telecom divisions. The two divisions function as distinct entities, namely Reliance Retail Ventures and Jio Platforms, respectively. IPOs of both the entities are in pipeline.

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