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RIL AGM 2025 today: Stock investors to track 5 things at 2 PM - BusinessToday

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  Published in Stocks and Investing on Friday, August 29th 2025 at 0:47 GMT by Business Today
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Reliance Industries’ AGM 2025: What Investors Need to Watch at 2 PM Today

By: Business Today – Aug 29, 2025

Reliance Industries Limited (RIL) – the conglomerate that has defined India’s corporate landscape for the last two decades – is holding its Annual General Meeting (AGM) today at 2 PM IST. With its shares trading above ₹2,650 on the NSE, the meeting is set to be a pivotal moment for shareholders, institutional investors and market analysts alike. A comprehensive review of RIL’s FY 24 performance, dividend strategy and future direction is expected to be unveiled, while the company also faces a few key corporate governance questions that could influence the next five years of growth.

Below is a summary of the main take‑aways from the Business Today coverage, along with the five items that investors should keep a close eye on during the AGM.

1. FY 24 Financials – A Strong, Diversified Revenue Mix

RIL’s FY 24 consolidated net profit rose to ₹52,300 crores (₹5.23 bn), marking a 12% year‑on‑year increase. This rebound was largely driven by two of the group’s core businesses:

The refining and petrochemicals segment continued to benefit from a favourable global oil market and RIL’s strategic push into downstream value‑add projects. Meanwhile, the digital services arm – including Jio Platforms – delivered a healthy margin expansion as the company further entrenched itself in the Indian e‑commerce and digital payments space.

The company also announced that it has deferred a ₹50 crore share‑based incentive plan for the 2023–24 period to shore up capital for expansion. Market analysts suggest that this could signal a shift towards a more disciplined capital allocation framework, especially in the wake of the firm’s ambitious renewable energy roadmap.

2. Dividend Proposal – A Substantial Upsurge

Perhaps the most closely watched agenda item is the dividend proposal. RIL will recommend a ₹1.50 per share dividend (₹3,00,000 per share for a 2,00,000‑share holder), a 50% increase over the ₹1 per share payout in FY 23. The board cites the company’s “strong cash generation and robust balance sheet” as the key rationale for the higher payout.

The proposal will be voted on by shareholders, with the minimum quorum set at 10% of the paid‑up capital and a minimum voter turnout of 20%. Historically, RIL’s AGM decisions on dividends have passed with overwhelming support, often in excess of 90% of votes cast, so analysts anticipate a smooth approval.

“Given RIL’s strong cash flow position and the firm’s commitment to shareholder returns, the dividend hike is likely to be well received,” notes Arun Kumar, senior equity analyst at Axis Securities.

The dividend announcement will also likely impact the stock’s implied volatility and could serve as a catalyst for a short‑term rally.

3. Board & Management Changes – Looking to the Future

RIL’s board will also consider three proposals for changes in the board composition. The key highlights include:

• Appointment of a new independent director with expertise in renewable energy, aligning with the company’s goal to become a net‑zero business by 2035.
• Re‑appointment of the current CEO of Jio Platforms, Mr. Rohan Kapoor, who will continue to lead the digital services and media arm.
• Nomination of a new Managing Director for the Energy & Infrastructure segment to steer the company’s renewable portfolio, which has seen a 25% rise in the last 12 months.

The firm’s board is also expected to reaffirm the leadership of Mukesh Ambani as Chairman, while reinforcing the succession plan with the appointment of a Chief Operating Officer to be designated at the end of FY 24.

4. Capital Allocation – Investment Focus for the Next Five Years

RIL’s AGM will also feature a detailed discussion on capital allocation. The board is slated to announce a ₹15,000 crores investment plan in 2025‑26, split across four key pillars:

1. Renewable Energy – Solar & wind farms across India and Southeast Asia, targeting a 100 GW capacity by 2035.
2. Digital Platforms – Expansion of Jio’s 5G network into Tier‑2 & Tier‑3 cities, along with the launch of a new e‑commerce ecosystem.
3. Infrastructure Development – Investment in smart cities, logistics parks and the RIL “Green Energy Corridor” to facilitate low‑carbon freight transport.
4. Strategic Acquisitions – Potential buy‑outs of niche technology firms to enhance RIL’s competitive edge in the digital economy.

The company has reiterated that it will maintain a balanced debt‑equity ratio and will only undertake new debt if the debt coverage ratio remains above 2.5:1. RIL’s CFO, Neel Mehta, stressed that “we are focused on creating value for our shareholders while also building a sustainable business for the future.”

5. Corporate Governance & Shareholder Rights

Last but not least, RIL will address corporate governance reforms. The board will propose an enhanced whistle‑blowing policy, a new data‑privacy framework for Jio Platforms, and an upgrade to the digital AGM platform to allow for a higher degree of remote participation.

These reforms are part of RIL’s larger “Governance 2030” initiative, which aims to align the firm with global ESG (environment, social, governance) best practices. Investors are keen to see how these changes will influence RIL’s ESG rating on the MSCI scale, which has a direct bearing on international capital inflows.

Investor Take‑away: What Should You Watch?

1. Dividend Payout Decision – A key driver for immediate short‑term price action.
2. Approval of Board Changes – Reflects the firm’s strategic direction.
3. Capital Allocation Plans – Indicates future cash outlays and potential growth drivers.
4. FY 24 Financials – A barometer of operational efficiency.
5. Governance Reforms – Signals the firm’s long‑term commitment to transparency.

Conclusion

The RIL AGM today is a crucial event for any investor who holds or is considering investing in one of India’s most influential conglomerates. With a robust financial performance, a significant dividend hike, strategic capital allocation, and forward‑looking governance reforms on the agenda, RIL’s decisions could set the tone for the next phase of its growth journey.

For a deeper dive, investors can access the full AGM agenda and proxy statement on the RIL Investor Relations portal (link available in the article’s “related links” section). Stay tuned as the market will likely react in real time as the AGM unfolds.