Isha, Akash and Anant Ambani get shareholders nod for appointment as RIL non-executive directors

Akash Ambani, Isha Ambani and Anant Ambani got shareholders nod for appointment as non-executive directors.

The resolutions for the appointment of Isha Ambani, Akash Ambani and Anant Ambani as non-executive directors of Reliance Industries have been approved by  its shareholders.

"The said resolutions have been passed with more than requisite majority on October 26, 2023," RIL said in a regulatory filing.

Isha Ambani, Akash Ambani and Anant Ambani got approval from 98.21%, 98.06% and 92.76% respectively of the total votes polled.

Isha, Akash and Anant's appointments were given the nod by the board of directors in August in what marked as the next big step in the leadership transition at the Reliance Industries.

Also Read: Isha, Akash and Anant Ambani to join RIL board; Nita Ambani steps down

The board of directors, in another key decision, had also accepted the resignation of Nita Ambani.

The move is in line with gradually promoting Isha, Akash and Anant to head different businesses within the Reliance Industries. In December 2021, Mukesh Ambani had hinted at the leadership transition at RIL.

"I have no doubt that Akash, Isha and Anant as the next-gen leaders will lead Reliance to even greater heights," he had then stated.

Isha Ambani heads the group's retail venture Reliance Retail. In July, Isha Ambani was also named as non-executive director on the board of Jio Financial Services.

Akash was in July last year appointed as the the chairman of the board of directors of Reliance Jio Infocomm. He is also a member of the board of Jio Platforms. He is instrumental in driving the group's push towards data and use of new technologies and "spearheads the creation of products and services that leverage new-age technologies like 5G, Artificial Intelligence, Blockchain and the Internet of Things", a release stated.

Also Read | Reliance AGM 2023: Key highlights from Mukesh Ambani's speech

Anant is a director on the boards of Jio Platforms since March 2020, Reliance Retail Ventures since May 2022 and Reliance New Energy and Reliance New Solar Energy since June 2021. He also serves on the board of Reliance Foundation since September 2022.

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