Reliance Industries Limited (RIL) has received approval for the issuance of bonus shares and an increase in its authorized share capital, following the successful e-voting process. The resolution was passed with the requisite majority on October 15, 2024.
As per the filing, the company is set to issue bonus shares and increase its authorized share capital to ₹50,000 crore. The new capital structure will consist of 4,900 crore equity shares of ₹10 each and 100 crore preference shares of ₹10 each.
The authorized capital restructuring aims to align the company’s financial structure to accommodate further growth and expansion. This decision follows strong investor support, as the e-voting results show a high percentage of votes in favor of the resolutions.
Reliance Industries has also emphasized its commitment to shareholder value by introducing this bonus share issuance.
The approved resolutions will allow RIL to capitalize on future opportunities while maintaining its robust financial positioning.
