Jio Financial Services AGM 2025: Firm to hold 2nd AGM post listing on THIS date; check dividend details

In its filing to stock exchanges, the RIL subsidiary said the second annual general meeting (post listing) (AGM) of the members of the company will be held on Thursday, August 28, 2025, at 2.00 p.m. through video conferencing (VC) / other audio-visual means ("OAVM"), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company has fixed:

• Monday, August 11, 2025, as the "Record Date" for the purpose of determining the members eligible to receive a dividend for the financial year 2024-25. Dividends, if declared at the AGM, will be paid within a week from the conclusion of the AGM; and

• Thursday, August 21, 2025, as the "Cut-off Date" for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM.

📢 Notice of 2nd Annual General Meeting (Post Listing)

🗓 AGM Details

• Date: Thursday, August 28, 2025
• Time: 2:00 p.m.
• Mode: VC / OAVM

📌 Key Dates

Jio Financial Services: Latest updates

On July 31, 2025, the company said RIL Chairman Mukesh Ambani and his promoter group will infuse ₹15,825 crore in Jio Financial Services, which would make them hold over a 51% stake in the financial services firm.

This will be done to strengthen the balance sheet of the NBFC.

The fund infusion will take place through preferential issue of convertible warrants to the promoter group.

Jio Financial is a subsidiary of Reliance Industries (RIL).

Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12% of the company.

Post preferential issuance, promoter group holding would go up to 54.19%.

Each warrant is convertible into one fully paid-up equity share of the company of face value of ₹10 each at a premium of ₹306.50 each, aggregating up to ₹15,825 crore, by way of preferential issue on a private placement basis to the two promoter entities, it said.

Post issue, Sikka Ports & Terminals Ltd.'s holding in the company would increase from 1.08% to 4.65%, while Jamnagar Utilities and Power Private Ltd.'s holding would more than double from 2.02% to 5.52%, it said.

Jio Financial Services, carved out from Reliance Industries Ltd., is a core investment company, or CIC, registered with the Reserve Bank of India (RBI).

It operates its financial services business through consumer-facing entities, including Jio Credit Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd., and Jio Payments Bank Ltd.