Reliance Industries Ltd

Resolutions and outcomes

• Purpose: Approve material related party transactions of the company and subsidiaries; alter MOA objects.
• Resolution 1 (Ord): Approval of Material Related Party Transactions of the Company.
• Outcome 1: Approved with 99.21% in favour, 0.79% against; passed by requisite majority.
• Resolution 2 (Ord): Approval of Material Related Party Transactions of Subsidiaries.
• Outcome 2: Approved with 99.21% in favour, 0.79% against; passed by requisite majority.
• Resolution 3 (Special): Alteration of the Objects Clause of the MOA.
• Outcome 3: Approved with 99.9967% in favour, 0.0033% against; passed by requisite majority.
• Material impact: MOA alteration expands business scope to explosives and fertilisers; subject to ROC approval.

Institutional Investors' Meeting Update

• Motilal Oswal's 22nd Annual Global Investor Conference held in Mumbai on Aug 18, 2026.
• No unpublished price-sensitive information was shared or discussed in the meeting.

Judicial update

• SC dismissed RIL’s appeal; Rs 10 lakh costs payable to Advocates on Record Association within five weeks.
• No disclosure required under SEBI LODR Regulation 30.

Meeting Details

• Date: August 18, 2026.
• Type: one-on-one investor meetings.
• Mode/Location: physical in Mumbai at Motilal Oswal conference.
• Event: Motilal Oswal's 22nd Annual Global Investor Conference.

Participants

• Company executives will participate (executive management).

Purpose

• Purpose: institutional investor interaction/discussion.

Subject

• Subject: Special window for transfer and demat of physical shares advertisement.
• Newspaper clippings published Aug 7, 2026 in The Indian Express, Financial Express, Loksatta, Jansatta enclosed.

Meeting Details

• Date: August 12, 2026 (time not disclosed).
• Type: one-on-one; mode: physical in Mumbai.
• Organizer: Emkay Confluence 2026.
• Participants: Company executives to participate; roles not disclosed.
• Purpose: institutional investor interaction.

Postal ballot resolutions

• Presentation on resolutions proposed for shareholder approval via postal ballot dated July 17, 2026 is linked.

Meeting Details

• Date: July 17, 2026; meeting concluded at 9:45 p.m. IST.
• Type/Mode: physical analyst meet.
• Event/Organizer: Reliance Industries Limited analyst meet.
• Transcript available: transcript attached and on company website.

Participants

• CFO, Reliance Industries Limited.
• Head of Strategy, Reliance Jio Infocomm Limited.
• CFO & Head of Corporate Development, Reliance Retail.
• Executive Director, Reliance Industries Limited.
• CEO, JioStar.
• COO, Refining & Marketing, Reliance Industries Limited.
• President, Petrochemicals, Reliance Industries Limited.
• President, E&P, Reliance Industries Limited.
• Senior Vice President, New Energy, Reliance Industries Limited.

Purpose

• Discuss unaudited consolidated and standalone results for quarter ended June 30, 2026.

Additional Notes

• Duration: 01:51:20.
• Presentation and audio were made available.

Financial Performance

• Consolidated revenue ₹340,257 crore, up 24.5% YoY; EBITDA ₹54,067 crore, up 10.1%; PAT ₹23,196 crore.
• Net debt ₹1,22,914 crore; net debt/EBITDA 0.60x; LTM EBITDA ₹2,03,954 crore.
• Capex ₹38,682 crore; focused on New Energy, data centers, and digital commerce.
• Robust balance sheet supports premium ratings: A- / Baa1.
• Capex managed prudently within operating cash flows.

Key Segment Highlights

• O2C revenue ₹201,803 crore; EBITDA ₹17,010 crore; revenue up 30.4%, EBITDA up 17.2% YoY.
• Jio Platforms: ₹45,961 crore revenue; EBITDA ₹20,865 crore; margin 53.3%; subscribers >533 million.
• Retail: ₹90,408 crore gross revenue; EBITDA ₹6,309 crore; margin 7.9%; registered customers 396 million.
• Media: MAUs ~530 million; 100Mn+ active users on JioHotstar micro-content hub.
• Oil to Chemicals: ₹201,803 crore revenue; EBITDA ₹17,010 crore; margin 8.4%.
• Oil and Gas: ₹6,298 crore revenue; EBITDA ₹4,973 crore; margin 79.0%.
• RCPL: ₹8,600 crore revenue; up 2.1x YoY.
• JioStar: ₹12,799 crore revenue; EBITDA ₹933 crore; EBITDA up 30.7% YoY.

Strategic Priorities & Outlook

• New Energy: US$3B green ammonia contract with Samsung C&T.
• Kutch project: installation post-monsoon; transmission capacity ready for export electricity this year.
• 55 MWp solar and 150 MWh batteries daily by next year.
• Integrated new-energy giga-factory: 1 GWp HJT modules; ALMM certified; scaling to 20 GWp.
• Battery manufacturing scaled to 120 GWh annual capacity; 40 GWh commissioned this year.
• Retail 3-year ambition: 2x operating EBITDA; density-driven margin.
• Monetization via own brands and marketplace; higher order density.
• RJIL: sustained subscriber momentum; ARPU growth; 5G leadership and 78% FWA share.
• Digital Services growth 20% YoY; content, cloud, IoT; data acceleration.
• Capex prioritized by returns; focus on New Energy and O2C expansions.

Capital Structure & Liquidity

• Net debt/EBITDA 0.60x; cash generation robust.
• Ratings on A- (S&P) and Baa1 (Moody's).
• Capex funded by operating cash flows; no material debt increase disclosed.

Risks & Mitigation

• Macro volatility and energy market shocks.
• SAED costs and under-recoveries weigh on earnings.
• LPG diversion and planned turnaround reduced volumes.
• ME crisis and SoH disruptions raise price volatility.
• Diversified crude basket and rerouting mitigates margin risk.