Saturday, July 20, 2024

Isha, Akash, and Anant Ambani approved as non-executive directors by RIL shareholders

Shareholders of Reliance Industries have given their approval to appoint Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors. The resolutions were passed with a significant majority on October 26, 2023, according to a regulatory filing by RIL.

Isha Ambani, Akash Ambani, and Anant Ambani received approval from 98.21%, 98.06%, and 92.76% of the total votes cast, as reported by Moneycontrol. These appointments mark a pivotal step in the leadership transition within Reliance Industries, as endorsed by the board of directors in August.

In another notable decision, the board accepted the resignation of Nita Ambani. This transition is part of a gradual process to promote Isha, Akash, and Anant to lead various businesses within Reliance Industries, aligning with Mukesh Ambani’s vision for the next generation of leaders to elevate the company’s success.

Isha Ambani was also appointed as a non-executive director on the board of Jio Financial Services in July, while Akash was named the chairman of the board of directors of Reliance Jio Infocomm in July of the previous year. He also plays a key role in developing products and services that leverage technologies like 5G, Artificial Intelligence, Blockchain, and the Internet of Things.

Anant has held director positions in various entities under the Reliance umbrella, including Jio Platforms, Reliance Retail Ventures, Reliance New Energy, Reliance New Solar Energy, and Reliance Foundation, reflecting his broad involvement in the group’s diverse ventures.

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