Isha, Akash and Anant Ambani Get Shareholders’ Nod for Appointment as RIL Non-Executive Directors

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The move is in line with gradually promoting Isha, Akash and Anant to head different businesses within the Reliance Industries

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

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“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 per cent, 98.06 per cent and 92.76 per cent respectively of the total votes polled, Moneycontrol reported.

The appointments were given the green signal by the board of directors in August in what was the next big step in the leadership transition at the Reliance Industries.

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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.

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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, 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.

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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.