Reliance Share Price Edges Up Over 1% Following Announcement of Annual General Meeting Date
Reliance Industries Sees Share Price Rise as Company Prepares for 49th Annual General Meeting
Reliance Industries Ltd (RIL) shares rose 1.4% on Friday, May 29, following the company's announcement that its 49th Annual General Meeting (AGM) will be held on June 19, 2026. The AGM comes on the heels of the oil-to-telecom conglomerate's impressive performance, with the company reporting revenue of nearly ₹11.76 lakh crore in FY26, driven by robust growth across its consumer-focused businesses.
According to an exchange filing dated Thursday, May 28, the meeting will be conducted through video conferencing and other audio-visual means from 2 PM onwards. Reliance Industries has also fixed June 5 as the record date to determine shareholders eligible for the FY26 dividend. The company's board previously proposed a dividend of ₹6 per equity share for the fiscal year ended March 2026.
The AGM is taking place amid heightened investor interest in the conglomerate's consumer and digital sectors, which have continued to contribute to earnings growth despite challenges in the global energy sector. The market will also be eagerly awaiting any news on the Reliance Jio IPO.
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RIL Q4 Results Show Strong Growth
Reliance Industries reported a 9.8% year-on-year rise in consolidated revenue to ₹11.76 lakh crore in FY26, driven by strong double-digit growth in its digital services, retail, and media businesses. According to the company's annual report, EBITDA grew 13.4% YoY to ₹2.08 lakh crore, supported by robust performance in the Digital Services and Oil-to-Chemicals segments.
| Segment | FY26 Revenue (₹ lakh crore) | FY25 Revenue (₹ lakh crore) | YoY Growth |
|---|---|---|---|
| Digital Services | 5.21 | 3.51 | 48.4% |
| Retail | 4.31 | 3.41 | 26.2% |
| Media | 1.24 | 0.85 | 45.9% |
| Oil-to-Chemicals | 2.58 | 2.31 | 11.9% |
| Others | 1.42 | 1.21 | 17.4% |
Profit after tax climbed 17.8% to ₹95,754 crore, while consolidated cash profit rose 16.6% to ₹1.71 lakh crore. Chairman Mukesh Ambani said RIL became the first Indian company to cross $10 billion in annual net profit. Jio also reported strong growth, aided by rising 5G adoption and higher ARPU.
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Investor Takeaway
Reliance Industries' share price rose 1.4% after announcing its 49th Annual General Meeting date.
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