Reliance Industries Limited (RIL), which is the 86th company on the Fortune Global 500 list, has scheduled its 47th Annual General Meeting (AGM) at 2pm on August 29. Chairman Mukesh Ambani will address shareholders at the event.
The company announced that if a dividend is declared at the AGM, it will be paid within a week. August 19 has been set as the record date for determining the dividend eligibility.
The meeting will be broadcast live through videoconferencing and other audio-visual means, complying with the guidelines from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
The previous AGM was held on August 28, shortly after Jio Financial Services' listing on India's stock exchanges.
RIL recently climbed to the 86th position on the Fortune Global 500 list for 2024, from 88th spot and making a significant jump of 69 places over the past three years. This year is the 21st consecutive year RIL has been part of the list, the longest for any Indian private sector company. The Fortune Global 500 ranks companies by total revenues for fiscal years ending on or before March 31, 2024.
RIL concluded FY24 with record-high consolidated revenues of Rs 10,00,122 crore, a 2.6 percent increase year-on-year, and an EBITDA of Rs 178,677 crore, up 16.1 percent year-on-year, with substantial growth across its various business segments.
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