Reliance’s 43rd AGM on July 15, what big announcement will Mukesh Ambani make this time?

All eyes will now be on what Reliance Industries Limited (RIL) Chairman Mukesh Ambani proclaims this time. This time the AGM is also important because Reliance has become debt free and has achieved many new successes. The 43rd General Assembly of the members of the company will be held on 15 July.

• Reliance’s AGM to be held on July 15

• Reliance makes big announcements every year at AGM

• RIL’s future plan will also be seen this year

The 43rd General Assembly of Reliance Industries shareholders is going to be held on 15 July this year. Everyone’s eyes will now be on what their chairman Mukesh Ambani declares this time. This time the AGM is also important because Reliance has become debt free and has achieved many new successes.

AGM will be virtual this time

Reliance Industries Limited (RIL) said in a statement that the 43rd General Assembly of the members of the company will be held on 15 July. The General Assembly will be held at 2 pm through video conferencing and other audio-video mediums. This will be in accordance with the recently issued circulars of the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Reliance Industries said that July 8 is the cut-off date to decide which members will get the right to vote on the proposals brought in the AGM. If any dividend is declared in this AGM, it will be given to shareholders within a week.

This announcement was made last year

At the AGM held on August 11 last year, Mukesh Ambani, Chairman of Reliance Industries, made several important announcements. Reliance introduced its much awaited Giga Fiber Broadband Plan, under which Jio Fiber data plans were to be launched across the country. Reliance announced a partnership with foreign companies Saudi Aramco and BP. The company had announced several new products in the retail, entertainment and telecom sectors. The company also talked about focusing on technology like blockchain.

Reliance-Mukesh Ambani’s shine in lockdown

Significantly, in the times of Corona crisis and lockdown, Mukesh Ambani and Reliance Industries are getting success on success. In fact, in the last two months, Reliance Jio has received a total of 11 investments. Mukesh Ambani’s wealth has increased rapidly due to the recent global investment and record bounce of the company’s stock price. Under his leadership, an investment of Rs 1.68 lakh crore has been received in the group company Jio Platforms in the last few weeks. The company had set a target to become debt-free by March 2021, but had become debt-free even before that.

On this Monday itself, the market capital of Reliance Industries has crossed the record level of 150 billion dollars on Monday. Talk in rupees Reliance’s market cap has crossed Rs 11.22 lakh crore. Reliance stock price rose to Rs 1804 on BSE on Monday, which is a record till date.