Reliance Industries to hold 45th Annual General Meeting

Telecom-to oil conglomerate Reliance Industries RIL is going to hold its 45th Annual General Meeting on August 29 at 2 pm. As per an exchange filing, the 45th RIL AGM will be conducted via video conferencing or through other audio-visual means.

The filing further states, Voting rights of a member beneficial owner in case of electronic shareholding shall be proportional to the amount of its shareholding in the paid-up equity share capital of the Company as of the cut-off date. Any member can vote at the meeting, but will not be allowed to cast their vote at the meeting.

If a person casts their vote using both the options, voting done through remote e-voting will prevail and votes cast at the meeting will be counted as INVALID. The report was released on August 22, hours after RIL released its annual report for 2021 -- 22.

The company's market-capitalisation stood at 17.81 lakh crore and its revenue stood at 7.92 lakh crore for the period of FY 21 -- 22. RIL chairman Mukesh Ambani said in a statement to shareholders that green energy is the company's main focus after helping Indians tide through the COVID 19 pandemic.

Ambani said Reliance played a leading role in caring for India and Indians in the last couple of years of the Pandemic. We want to care for the planet as we embark on our most exciting transformation - the Green Transformation. Ambani recalled the feat achieved with Reliance Jio in the telecom sector and said he believes that India will have the world's most affordable green energy in the next decade.

They will be exported to other countries, helping them reduce carbon emissions.