Shareholders approve Isha, Akash, and Anant Ambani’s appointment as RIL non-executive directors

Reliance Industries’ shareholders have given their approval to the resolutions designating Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors.

In a regulatory filing, RIL said, “The aforementioned resolutions have been passed with more than requisite majority on October 26, 2023.”

According to Moneycontrol, Isha Ambani, Akash Ambani, and Anant Ambani received approval from 98.21%, 98.06%, and 92.76% of the total votes cast.

In August, the board of directors approved the selections, marking the next significant development in Reliance Industries’ leadership shift.

In a crucial step, the board of directors also decided to accept Nita Ambani’s departure.

This action aligns with the strategy of progressively elevating Isha, Akash, and Anant to lead various divisions within Reliance Industries. Mukesh Ambani has made hints about the change in RIL leadership in December 2021.

At the time, he had said, “I have no doubt that Akash, Isha, and Anant as the next-gen leaders will lead Reliance to even greater heights.”

Isha Ambani was also appointed as a non-executive director to the Jio Financial Services board in July.

In July of last year, Reliance Jio Infocomm selected Akash as chairman of the board of directors. According to a statement, he “spearheads the creation of products and services that leverage new-age technologies like 5G, Artificial Intelligence, Blockchain, and the Internet of Things” and is also a member of the Jio Platforms board.

From March 2020 until May 2022, Anant has served as a director on the boards of Jio Platforms, Reliance Retail Ventures, Reliance New Energy, and Reliance New Solar Energy. Since September 2022, he has also been a member of the Reliance Foundation board.