Reliance Industries will maintain its Annual Common Assembly (AGM) on July 15 i.e. Wednesday by means of video conferencing, the corporate stated in a regulatory submitting. A digital AGM is the primary of its sort for India’s main conglomerate, in view of the Covid19 pandemic. It has fastened July 8, 2020, because the deadline for members to attend the meet and vote on resolutions.
“That is to tell that the forty-third Annual Common Assembly (Submit-IPO) (AGM) of the members of the Firm shall be held on Wednesday, July 15, 2020 at 02:00 p.m. IST by means of Video Conferencing (VC) / Different Audio-Visible Means (OAVM), in accordance with the related circulars issued by the Ministry of Company Affairs and Securities and Alternate Board of India,” Reliance Industries stated.
In a associated growth, Reliance Industries has fastened July 03, 2020, because the file date for figuring out the members eligible to obtain dividend for the monetary 12 months 2019-20.
“The dividend, if declared on the AGM, shall be paid inside every week from the conclusion of the AGM,” RIL stated.
Reliance Industries is now “in its golden decade”, Mukesh Ambani stated final week, including, “I’ve fulfilled my promise to the shareholders by making Reliance web debt-free a lot earlier than our authentic schedule of 31st March 2021.”
Reliance Industries’s market worth touched the Rs 11.44 lakh crore mark on Monday, making it the primary Indian firm to hit a market valuation of $150 billion.