Appointment of Isha, Akash and Anant Ambani to RIL board approved

Wednesday 01st November 2023 06:19 EDT
 

The appointment of Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors has been accepted by the shareholders of Reliance Industries Ltd (RIL), which is owned by Mukesh Ambani. According to a corporate regulatory filing, 98.21 votes were needed to approve Isha Ambani's appointment.

On December 28, 2021, during Reliance Family Day, Mukesh Ambani made his first mention of a succession plan. Prior to the release of Reliance Industries Ltd. (RIL)'s September quarter results, shareholders of the company have accepted the appointment of Isha, Akash, and Anant Ambani as non-executive directors. Isha Ambani's nomination received 98.21 votes, according to a regulatory filing by the firm; Anant and Akash Ambani's appointments received 92.75 and 98.06 votes, respectively.

Till now, Isha, Akash and Anant were involved only at the operating business level and none were on the board of the company. Nita Ambani will resign, as stated at the AGM, among other adjustments. She will still hold the position of Reliance Foundation Chairperson. At that time, the business said that vote for the appointment of Isha, Akash and Anant as directors to the oil-to-telecoms board was conducted online.


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