Reliance Industries Limited (RIL) is set to hold its 47th Annual General Meeting (post-IPO) on Thursday, August 29. Chairman Mukesh Ambani will address shareholders and market participants, offering insights into Jio's progress, new energy ventures, and potential value-creation opportunities.
RIL informed exchanges earlier this month, “The Forty-seventh Annual General Meeting (Post-lPO) (“AGM”) of the members of the Company will be held on Thursday, August 29, 2024 at 2:00 PM. (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.”
Date and Time Of The Meeting:
The Annual General Meeting (AGM) will be held at 2:00 PM on August 29 via Videoconferencing (VC) and Other Audiovisual Means (OAVM).
How To Watch RIL’s 47th AGM:
The live broadcast of Reliance Industries Limited's (RIL) 47th Annual General Meeting (AGM), featuring Chairman and Managing Director Mukesh Ambani’s speech, will be available through the different channels simultaneously.
JioMeet Link:
https://jiomeet.jio.com/rilagm/joinmeeting
To access the live stream
1. Click on the provided JioMeet link.
2. Select the option marked "OTHERS."
3. Enter your full name and organisation in the respective fields.
4. Input the CAPTCHA Code that appears on the screen.
Access to the AGM will be available 30 minutes before the scheduled time of the meeting.
RIL Q1FY25 Results:
In the first quarter of FY25, Reliance Industries reported a profit of Rs 15,138 crore, marking a 5.5 per cent decrease from the Rs 16,011 crore recorded in Q1FY24. Revenue from operations for the quarter stood at Rs 2,36,217 crore, up 12 per cent compared to Rs 2,10,831 crore in the same period last year.
Reliance Jio's net profit rose 11.7 per cent to Rs 5,698 crore in Q1. This increase was driven by the expansion of 5G services, higher data consumption, and heightened user engagement related to the Cricket World Cup. Jio's customer base grew to 489.7 million from 481.8 million at the end of March.
The retail segment also performed strongly, with a 4.6 per cent profit increase and higher store footfalls. The company’s net debt was also reduced to Rs 1.12 lakh crore.