Reliance Industries AGM 2025: Key announcements from past AGMs and what to expect

Reliance shares are in focus ahead of its 48th AGM scheduled for the afternoon. Shares are trading flat at ₹1,387 apiece on the NSE at 10:30 am. The Reliance AGM is a keenly watched event across the investor community for its strategic announcements and new ventures. Shares of Reliance are trading in green on a YTD basis with over 14% returns, off from its recent 52-week high level of ₹1,544 apiece touched in July.

The oil-to-chemical major, diversified into telecom, retail and other businesses, has seen its revenue and net profit grow at a 10% CAGR and 12% CAGR over the past 10 years. The company still holds a significant position in key industry segments, including Telecom, chemicals, broadband, aviation fuel and more. Reliance Jio has a 41% market share in mobile subscribers and a 50.7% market share in broadband. In the chemicals segment, like polypropylene, polymers, PVC resin, and low-density polyethene, the company holds more than 40% market share across each category.

Over the years, Reliance’s AGM has been in trend due to its key announcements that shaped the company’s business model from being an O2C company to a more diversified version.

Here are the key highlights of the past AGMs

2024

The company announced to double its business by 2030 with aggressive growth in Jio and Retail within three to four years. The company forayed into Artificial Intelligence with the announcement of ‘Jio Brain’, a comprehensive AI service platform, and the launch of AI for everywhere and everyone. In addition, it set new energy goals for gigawatt-scale solar and battery manufacturing with large investments in Jamnagar. Approval of Reliance-Disney merger also strengthened its position in the media-entertainment industry.

2021-2023

The AGM was in the spotlight due to its announcement of a partnership with Google, Facebook, Microsoft and Qualcomm, driving product development in the digital and retail vertical. Apart from this, the company also announced plans to become net carbon-zero by 2035 and entered the green energy space.

2019-2020

It pledged investments of about ₹3.5 lakh crore to build digital infrastructure and its plans for public issue of Jio and Retail business in the next five years. In addition, also introduced entry entry-level smartphone in collaboration with Google.

2018

The 2018 AGM was in the spotlight with key announcements around the launch of Jio Giga Fiere, the Jio Phone 2 launch. In addition, the company announced a target to achieve full production capacity of the KG-D6 basin in its oil and gas business.

2016-17

The 2016-17 AGM was the most important amongst all, with the launch of Jio, which proved to be a milestone moment in the company’s history and proved to be the most profitable bet with Jio now contributing nearly 20% of the total revenue with 10 years of inception of the telecom business.

What to expect from the 2025 AGM?

Amid the tariff-infused bleak economic environment, the country’s largest company is expected to see the announcement of its focus on increasing dependence on domestic demand. In addition, investors will be keenly watching announcements around the timeline of Jio and the Retail business’s IPO. Any development on the front of deal with Saudi Aramco will also be widely tracked.