Reliance AGM Date Announced 2024: The date of Reliance Industries Ltd.’s upcoming AGM (Annual General Meeting) has been officially announced. This year, the country’s largest stock market will hold the AGM event the following month where it is anticipated to make a number of exciting new announcements on Jio offerings, including 5G and fibre services.
A date has been chosen for Reliance Industries Ltd.’s 46th Annual General Meeting. At the Reliance AGM later this month, Chairman Mukesh Ambani will go through the wide conglomerate’s development and expansion goals.
Reliance AGM Date Announced 2024
The date for Reliance Industries Ltd’s 46th Annual General Meeting has been made public. Later this month, at the Reliance AGM, Chairman Mukesh Ambani will present the diverse conglomerate’s growth and expansion strategies. Ambani also utilises the AGM venue to introduce new goods and services, particularly in relation to Jio.
So this AGM may potentially see some advancements in that area. Ambani launches new goods and services during the AGM, notably those that pertain to Jio. As a result, during this AGM, there could be some developments in that regard.
Reliance AGM Date Announced Overview
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Reliance AGM Date, Time And other details
The 46th Annual General Meeting (Post-lPO) of the Members of the Company will held on Monday, August 28, 2024 at 2:00 p.m. (IST) via video conferencing or other audio-visual means. In accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. According to information provided by RIL to Indian stock market exchanges.
The 46th Annual General Meeting of Reliance Industries Ltd. is eagerly anticipated since it occurs after Jio Financial Services Ltd. demerged from RIL. The Reliance demerger is viewed by the market as a move to increase business in the finance industry.
Expect from Reliance AGM 2024
The company is anticipated to present the conglomerate’s growth and expansion goals during the meeting in addition to announcing new 5G products and services like Jio AirFiber, an inexpensive Jio 5G phone, and new 5G mobile plans.
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Jio 5G plans
Reliance In many Indian towns, Jio has already begun to roll out its True 5G services, and it plans to finish it by 2024. Users who have a qualified 4G plan and a 5G handset can presently access limitless 5G services at no additional cost. The corporation has not yet disclosed its 5G plans. New 5G plans with more data that would cost more than current 4G plans could announced by Jio at the AGM in 2024.
Jio Phone 5G plans
At the AGM 2024, Reliance is anticipated to reveal its brand-new affordable 5G smartphone. Reliance Jio and Google teamed up to introduce a low-cost 5G smartphone in the nation in 2020. The business hasn’t yet made the phone available, though.
The Jio 5G phone first showed on GeekBench in December 2022. Further evidence that the launch is imminent comes from the live photos of the handset that leaked in June 2024. The Jio Phone 5G is rumoured to include a 6.5-inch touchscreen, a Qualcomm Snapdragon 480+ SoC, and come pre-installed with the Android 12 operating system.
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Jio Financial Services
Reliance may potentially disclose the IPO date for Jio Financial Services at the AGM in 2024. According to Economic Times, RIL finished demerging its financial services division into Reliance Strategic Investments in July and gave it the new moniker Jio Financial Services. Additionally, Jio Financial has temporarily entered at a fixed price into the exchange indices Sensex and Nifty 50, where it will stay until it is formally listed.
Jio Air Fiber
At the AGM in 2022, Reliance revealed the Jio Fibre 5G hotspot. However the product has not yet hit the market. The announcement of the cost and availability of Jio Air Fibre in India may made during this year’s AGM. Recall that Jio Air Fibre is a super-fast 5G hotspot that can provide wireless fiber-like 5G speeds at your house or place of business.
Other than these, Reliance may be withholding information about some other announcements. The closer the AGM date gets, the more information we will learn about it. Keep checking this space for important developments until then regarding Reliance AGM 2024.
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Record Date Dividend Payment
Reliance Industries provided information about the dividend record date in its exchange communication, stating that “The Company has fixed Monday. August 21, 2024 as: (a) the “Cut-off Date” for the purposes of determining the Members eligible to vote on the resolutions set forth in the Notice of the AGM and to attend the AGM. And (b) the “Record Date” for the purposes of determining the Members eligible to receive dividend for the financial year 2022–2024.” If a dividend is announced at the AGM, it will paid one week after the meeting.
For the fiscal year 2022–2024, the Reliance Board has already declared a final dividend of nine rupees per share. As a result, shareholders who still own Reliance shares on August 21, 2024, after the close of business. Would entitled to the last dividend payment of us dollar 9 per share.
Conclusion
Reliance AGM 2024 Date Announced and promises a multitude of ground-breaking developments, however official confirmations are still pending. The excitement only increases as August 28th draws near. Keep checking back as we update you on new developments. The 46th Annual General Meeting of Reliance Industries Ltd. has a set date. Chairman Mukesh Ambani will discuss the broad conglomerate’s growth and expansion objectives at the Reliance AGM later this month. Ambani uses the AGM venue to launch new products and services, especially those related to Jio. Therefore, there may be some developments in that area at this AGM.
Reliance AGM Date Announced FAQ’S
What is the date of Reliance AGM?
August 28, 2024
What is the dividend of Reliance in 2024?
Reliance Industries has announced a 90.00% equity dividend, or Rs 9 per share, for the fiscal year ending March 2024. This yields a dividend at the current share price of Rs 2509.50 of 0.36%.
What is AGM notice period?
Notice period of 21 days must be given to all the members before the meeting.
Can AGM be held on Sunday?
An AGM can be held on any day, including a Sunday, unless the Sunday is a national Holiday. However, the AGM should be held during business hours, i.e. between 9 a.m and 6 p.m. on a Sunday.
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