Reliance Industries to Hold 49th Annual General Meeting on June 19, Sets June 5 as Dividend Record Date.

Reliance Industries Ltd Schedules 49th Annual General Meeting for June 19, 2026

Reliance Industries Ltd (RIL) has announced its 49th annual general meeting (AGM) for June 19, 2026, following a strong financial performance in FY26. The company reported nearly Rs 11.76 lakh crore in annual revenue, with double-digit growth across its telecom and retail businesses.

The AGM will be held through video conferencing and other audio-visual means at 2 pm on June 19, as per an exchange filing on May 27. Shareholders eligible to receive the FY26 dividend will be determined based on the record date of June 5. The company's board had earlier recommended a dividend of Rs 6 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the AGM. The dividend will be paid within seven days of the meeting.

The announcement follows RIL's March-quarter earnings released on April 24, when the Mukesh Ambani-led conglomerate reported a consolidated net profit of Rs 20,589 crore for the quarter ended March 31, 2026. The company's gross revenue stood at Rs 3,25,290 crore for the quarter, up 12.9 percent year-on-year, supported by growth in its oil-to-chemicals (O2C), digital services, and retail businesses. EBITDA stood at Rs 48,588 crore during the quarter.

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The breadth of Reliance's business portfolio and its domestic orientation helped the company navigate volatility in the external environment, according to the company's statement accompanying the results. Earnings growth in digital services and retail partly offset weakness in energy businesses linked to disruptions arising from the Middle East conflict.

Reliance's capital expenditure during the March quarter stood at Rs 40,560 crore, taking full-year capex to Rs 1,44,271 crore. Net debt was reported at Rs 1,24,717 crore, with net debt-to-EBITDA at 0.60 times.

Jio Platforms continued to contribute a large share of the group's earnings growth, with quarterly revenue of Rs 44,928 crore, up 12.7 percent year-on-year. The digital services business was aided by subscriber additions, higher average revenue per user (ARPU), and growth in digital services. Revenue from operations at Jio Platforms rose 12.6 percent to Rs 38,259 crore, while EBITDA increased 17.9 percent year-on-year to Rs 20,060 crore. EBITDA margin expanded to 52.4 percent from 50.1 percent a year earlier.

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Jio's subscriber base stood at 524.4 million at the end of March, with net additions of 9.1 million users during the quarter. ARPU rose to Rs 214 from the year-ago period, while monthly churn remained stable at 1.7 percent.

Reliance Retail Ventures Ltd reported gross revenue of Rs 98,232 crore for the quarter, up 10.8 percent year-on-year. Revenue from operations rose 11.1 percent to Rs 87,344 crore, which the company attributed to growth across consumption categories. Retail EBITDA stood at Rs 6,921 crore, up 3.1 percent year-on-year, while profit after tax was Rs 3,563 crore. Reliance said margins reflected continued investments in expanding hyper-local commerce operations.

The company also disclosed performance metrics for JioStar, its media and entertainment business. JioStar reported revenue of Rs 9,784 crore and profit after tax of Rs 420 crore for the quarter. JioHotstar averaged 500 million monthly active users during the period, while television entertainment viewership share stood at 34.2 percent, according to the company.

Reliance Industries has continued to hold its AGM through virtual mode since the Covid-19 pandemic, in line with regulatory permissions provided by the Ministry of Corporate Affairs and market regulator Securities and Exchange Board of India (SEBI).