This is a comprehensive summary of the 48th Annual General Meeting (AGM) of Reliance Industries, which took place on Friday, August 29, 2025, beginning at 2:00 PM IST. Using video conferencing (VC) and other audio-visual means (OAVM), the meeting was held virtually.
Major Strategic Announcements
- Jio IPO: Reliance Jio, the telecom division, is scheduled to conduct an Initial Public Offering (IPO) in the first half of 2026, according to a statement made by Mukesh Ambani. The goal of this eagerly awaited action is to maximize shareholder wealth.
AI Initiatives:
- establishment of Reliance Intelligence, a new AI-focused subsidiary with the mission of creating data centers, developer tools, and next-generation AI infrastructure
2. Reliance will own 70% of the $100 million AI joint venture with Meta, while Meta will own the other 30%.
3. collaboration with Google to provide developers and companies in India with cutting-edge AI tools
4. Clean energy expansion: A new clean energy project—three times the size of Singapore—was announced, including plans for solar, hydrogen production, battery storage, and wind power. Additionally, a new battery manufacturing plant is expected to be operational by 2026
5. Product Launches: Revealed new devices such as JioPC and JioFrames, further strengthening Reliance’s tech-driven consumer play
Performance & Vision
- Financial Targets: A bold goal to more than double Reliance’s EBITDA by 2027, underlining ambitious growth plans
2. Overall Business Growth: Ambani emphasized strong performance across revenues, exports, profitability, market value, and social impact
Socioeconomic Initiatives
Reliance Foundation: Nita Ambani introduced the Jeevan extension at the Reliance Foundation Hospital focusing on pediatric chemotherapy and immunotherapy. The foundation aims to touch hundreds of millions through initiatives in healthcare, education, women’s empowerment, and sustainability by 2035
Broader Outlook
- Record Date for Final Dividend: 14 August 2025 — shareholders must be on record by this date to be eligible for the ₹5.50 per share dividend for FY 2024–25
2. Cut-off Date for Voting Rights: 22 August 2025
3. Dividend Payment Timeline: If approved at the AGM, the dividend will be paid within a week following the meeting
Summary Table
| Topic | Details |
|---|---|
| AGM Date & Time | 29 August 2025, 2:00 PM IST, virtual format |
| Key Announcements | Jio IPO (H1 2026), Reliance Intelligence, investments with Meta & Google, clean energy project, new product launches |
| Strategic Vision | Double EBITDA by 2027, continued digital & green growth |
| Dividend Details | ₹5.50/share, record date 14 Aug, payment within a week post-AGM |
| Geopolitical Message | Call for unified Indian business response amid global challenges |
AGM 2025 Overview
- Date & Time: The 48th AGM of Reliance Industries Limited was held on Friday, August 29, 2025, at 2:00 PM IST.
2. Mode: It was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), as per regulatory guidelines.
3. Record Date for Dividend: Determined to be August 14, 2025 — shareholders on record that day will be eligible for the final dividend for FY 2024–25
4. Voting Cut-Off Date: For voting eligibility on AGM resolutions, RIL set August 22, 2025 as the cut-off date.
Mukesh Ambani Announcements
- Jio IPO Revealed
Mukesh Ambani unveiled plans to list Reliance Jio Infocomm on the Indian stock market, targeting the first half of 2026. The IPO is expected to unlock significant shareholder value.
2. Launch of Reliance Intelligence
A new AI-focused subsidiary, Reliance Intelligence, will spearhead the company’s push into next-generation AI, cloud, and digital infrastructure.
3. Strategic Partnerships
- Google: To help build a clean-energy powered cloud region in Jamnagar, leveraging Reliance’s infrastructure.
2. Meta: Involved in a $100 million AI joint venture, where Reliance will hold a 70% stake and Meta 30%.
4. Financial Ambition
Ambani declared a target to more than double RIL’s EBITDA by 2027, indicating aggressive growth and transformation plans.
5. Social Impact Expansion
Nita Ambani highlighted expansion in healthcare and education through Jeevan, an extension of the Reliance Foundation Hospital, with strong focus on pediatric care. Broader goals include enhancing programs that empower millions by 2035.
6. Geopolitical Call to Arms
Ambani urged Indian industries to unite against global trade uncertainties, reinforcing self-reliance amid rising U.S. tariffs. His remarks came against the backdrop of significant crude oil deals with Russia.
In Summary
| Category | Details |
|---|---|
| AGM Date & Time | August 29, 2025 at 2:00 PM IST |
| Record Date | August 14, 2025 (for dividend eligibility) |
| Cut-Off Date | August 22, 2025 (for voting eligibility) |
| Major Highlights | Jio IPO by H1 2026, launch of Reliance Intelligence, Google & Meta partnerships |
| Strategic Focus | AI, clean energy, cloud, doubling EBITDA by 2027 |
| Social Initiatives | Expansion of hospital services and Foundation programs |
| Broader Message | Call for industrial resilience amid geopolitical risks |