Reliance AGM 2024: Date, time, and key expectations
Reliance Industries Limited (RIL), a leading Indian conglomerate, is all set for its 47th Annual General Meeting (AGM). The event is scheduled for August 29, 2024. The firm disclosed this information in a recent statement to the stock exchanges. The AGM will commence at 2:00pm IST and will be conducted virtually, adhering to contemporary practices and regulatory guidelines.
AGM to be held in accordance with circulars
In its market filing, RIL stated, "The Forty-seventh Annual General Meeting (Post-IPO) ("AGM") of the members of the Company will be held on Thursday, August 29, 2024 at 2:00pm (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI)."
RIL sets record date for shareholder eligibility
RIL set August 19, 2024, as the record date for deciding shareholder eligibility for the FY 2023-24 dividend, if one is declared at the AGM. The company stated that any approved dividend would be distributed within a week of the meeting's conclusion. This move ensures timely distribution of dividends to eligible shareholders post-AGM.
Mukesh Ambani to address shareholders at AGM
RIL's Chairman, Mukesh Ambani, is expected to address shareholders during the event. His speech will typically be a highlight of the AGM, which may outline the company's achievements, upcoming strategies, and unveiling major initiatives. The upcoming AGM is generating interest among investors and industry experts who will be watching closely for any announcements regarding RIL's future plans across its diverse business portfolio.
Past AGMs have seen significant announcements
The upcoming meeting follows AGM 2023, which took place shortly after the listing of Jio Financial Services on Indian stock exchanges. At 2022 AGM, RIL unveiled plans for substantial investments in the New Energy sector, totaling to ₹75,000 crore. This commitment was further reinforced during the subsequent AGM in 2023, where Ambani provided an update on these initiatives.
