Mumbai, October 27, 2023 – In a landmark decision, Reliance Industries Limited announced that its shareholders have unanimously approved the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors of the company. This significant development came to light through a stock exchange filing made on Friday, signifying a momentous stride in the company’s corporate governance and family legacy.
The move reflects the trust and confidence the shareholders have in the next generation of the Ambani family to contribute to the strategic direction and oversight of the conglomerate. Isha, Akash, and Anant Ambani bring a wealth of experience and a fresh perspective to the board, as well as their dedication to the continued success and growth of Reliance Industries.
As non-executive directors, the Ambani siblings will not hold day-to-day operational roles within the company but will play a pivotal role in providing valuable guidance, contributing to the company’s long-term vision, and maintaining the family’s tradition of active involvement in the business.
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Limited, expressed his gratitude for the shareholders’ endorsement of this decision, saying, “I am deeply humbled by the faith and trust our shareholders have shown in our family’s commitment to the company. Isha, Akash, and Anant bring a new energy and innovative thinking to the board, ensuring that Reliance continues to lead and innovate across various industries.”
This development marks another step in ensuring the company’s corporate governance remains strong and transparent while solidifying the Ambani family’s enduring legacy in India’s corporate landscape.
The appointment of Isha, Akash, and Anant Ambani as non-executive directors is anticipated to fortify Reliance Industries Limited’s position as a global leader in various sectors, including petrochemicals, refining, telecommunications, and retail.
For further updates and information, shareholders and the public are encouraged to refer to official statements and filings from Reliance Industries Limited.