Reliance AGM 2025: RIL to address shareholders at 2 PM on August 29; what you need to know

The oil-to-telecom conglomerate’s AGM will be held at 2:00 PM through video conferencing and other audio-visual means.

While announcing its Q1 earnings, RIL Chairman and Managing Director Ambani had said, “FY2025 has been a challenging year for the global business environment, with weak macroeconomic conditions and a shifting geopolitical landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India’s growth requirements has helped Reliance deliver a steady financial performance during the year."

Here are some key things to know ahead of the AGM:

Reliance Industries is likely to announce its telecom arm Jio's share sale via initial public offering (IPO) as the company looks to unlock value for its shareholders. Amit Kumar Gupta, founder of Fintrekk Capital, a SEBI-registered research analyst, had told Upstox News.

"Reliance Jio became free cash flow (FCF) positive and also enabled Reliance Industries to be FCF positive on a consolidated basis in FY2025. However, due to the higher retail/O2C/new energy capex, overall capex was flat annually at ₹1.3 lakh crore. With capex not likely to rise much and amid improving profitability of key businesses (ex-E&P), expect FCF to rise further," said a report, quoting Kotak Institutional Equities.

At last year’s AGM, Ambani said that Jio completed the pan-India rollout of Jio True 5G, the world's largest and fastest 5G deployment. Over 85% of the 5G radio cells operating in India belong to Jio. With the widest coverage and the highest quality, Jio True 5G now reaches every corner of India.

"Jio has transformed India from 5G-dark to 5G-bright, creating one of the world's most advanced 5G networks. Through unmatched spectrum holdings, 5G standalone architecture, and advanced technologies like carrier aggregation and network slicing, Jio is the only operator in India, and among the first globally, to fully harness 5G's power. Jio True 5G has also achieved the world's fastest 5G adoption. In just two years, over 130 million customers have embraced Jio True 5G," Ambani told shareholders last year.

"Airtel and Vodafone Idea base monthly plans also start at ₹299 but provide only 1 GB per day. After this move, the industry’s new base plan is ₹299. This comes as industry watchers expect telecom operators to announce a fresh round of tariff hikes within the next six months," the report added.

On August 18, Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited (RIL), said it forayed into the fast-growing healthy functional beverage space with the acquisition of a majority stake in a joint venture with Naturedge Beverages Private Limited.

Through this JV, RCPL is focused on offering consumers a range of herbal-natural beverages, thus further enhancing its presence as a total beverage company. "The healthy functional beverage space presents a large and rapidly expanding opportunity, driven by a strong consumer shift toward healthier, natural alternatives," RIL had said.

Leading credit ratings agency S&P Global Ratings had earlier this month said that RIL is on track for a potential upgrade, provided it maintains lower leverage and strengthens its non-energy revenue streams.

On RIL, Neel Gopalakrishnan, credit analyst at S&P Global Ratings, on Tuesday, August 19, said, "There is a potential for upside in RIL's rating. It is at 'BBB+'... This (rating going up by a notch) would require the standalone credit profile to improve. For this, as we have said, we need a continuation of the company to operate at a lower leverage and will likely need a strengthening on the business side, particularly contribution from non-energy revenues, because these are less volatile."

A combination of these factors could "push the rating up, and it is something to watch for the next year or so," he said.

Reliance Industries last month reported a net profit of ₹26,994 crore in the first quarter of the current financial year (Q1 FY26), marking an increase of 78% from ₹15,138 crore in the same period last year.

The sharp jump in profit came on the back of a strong surge in other income in the first quarter. Reliance Industries' other income in the June quarter jumped 280% to ₹15,119 crore as against ₹3,983 in the year-ago period.

Other income included a gain of ₹8,924 crore, being proceeds of profit from the sale of listed investments, Reliance Industries said in an exchange filing. The Ambani-backed company sold its stake in Asian Paints in multiple tranches last month.

Reliance Industries' revenue from operations rose 5% to ₹2,48,660 crore from ₹2,36,217 crore. Operationally, Reliance Industries reported stable performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, rose nearly 11% to ₹ 42,905 crore, and its operating profit margin expanded by 80 basis points to 17.25% as against 16.41% seen in the corresponding period last year.

Shares of Reliance Industries settled 0.38% higher at ₹1,390.5 apiece on the BSE on Thursday, August 28.

Over the last five trading days, RIL shares have lost nearly 3%, while for a month’s period, the stock has fallen 0.77%.

Since February 28, 2025, which is six months, shares of the firm have climbed over 14%.

The company’s market capitalisation stands at ₹18.63 lakh crore.

Shares of the firm had touched their one-year high of ₹1,551 apiece on July 9, 2025, while their 52-week low of ₹1,114.85 was hit on April 7, 2025.