RIL AGM 2023: Ambani Siblings Appointed On Board, Nita Ambani to Step Down

New Delhi: Reliance Industries Ltd (RIL) on Monday said its RIL board has recommended the appointment of Isha Ambani, Akash Ambani, and Anant Ambani to its board of directors. Nita Ambani will step down from the RIL board and continue as chairperson of Reliance Foundation.

Addressing the company’s 46th annual general meeting, RIL Chairman Mukesh Ambani said, “RIL has cumulatively invested more than $150 billion in the last 10 years, higher than any corporate in India.”

He said RIL’s consolidated revenues stood at Rs 9,74,864 crore, its Ebitda in FY23 was Rs 1,53,920 crore and net profit was Rs 73,670 crore, says Mukesh Ambani during 46th AGM.

“The Board of Directors of the Company at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders appointment of Isha M. Ambani (DIN: 06984175), Akash M. Ambani (DIN: 06984194) and Anant M. Ambani (DIN: 07945702) as Non-Executive Directors of the Company with effect from the date of assumption of office after approval from shareholders,” RIL said in a regulatory filing.