Reliance Industries Limited (RIL) is gearing up for its 47th Annual General Meeting (AGM), scheduled for August 29, 2024. This year’s meeting will be held virtually, and shareholders and interested viewers can tune in online via JioMeet at 2:00 PM (IST). Here’s everything you need to know about the event.

How to Watch the RIL AGM Online

To join the AGM live, follow these simple steps:

Access the Link: Open your internet browser and navigate to JioMeet’s AGM link. This link is best viewed with browsers such as Edge 80+, Firefox 78+, Chrome 83+, or Safari 13+.

Login: Click on the “Shareholders CLICK HERE” button.

Enter Credentials: Input your login credentials and click on “Login” to join the virtual meeting.

What to Expect at the AGM

The AGM will feature a comprehensive address by Mukesh Ambani, Chairman of RIL, focusing on several key areas:

Potential IPOs: Investors are eagerly awaiting updates on possible initial public offerings (IPOs) for Reliance Jio and Reliance Retail. Analysts speculate that Reliance Jio might be listed next year, potentially valued at $112 billion.

New Energy Strategies: The meeting will also delve into RIL’s new energy initiatives, including the ambitious green energy project at Jamnagar. Investors are keen on hearing progress reports, particularly in light of slower-than-expected investments in this sector.

Strategic Stake Sales: Announcements regarding potential stake sales in the Oil-to-Chemicals (O2C) sector will be closely scrutinized. The company aims to optimize value from traditional business segments while concentrating on new energy ventures.

5G Monetization: Recent tariff hikes by Reliance Jio have led to speculation about the monetization of its 5G services. Expect discussions on how these changes might impact the company’s revenue and service offerings.

Succession Planning: The AGM will address Mukesh Ambani’s succession plan, which involves his children Isha, Akash, and Anant Ambani assuming key roles within the company. Shareholders will be looking for insights into how these leadership transitions might shape the future of RIL.

Conclusion

Reliance Industries’ AGM promises to be a significant event for investors and industry observers alike. With discussions ranging from potential IPOs and new energy strategies to succession planning, the meeting will offer critical insights into the company’s future direction. Be sure to tune in online at 2:00 PM (IST) via JioMeet to stay informed about these pivotal updates.