RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on the Board of Directors

Nita Ambani to step down from the Board –
to continue as Chairperson of Reliance Foundation
Mumbai, 28th August 2023: The Board of Directors of RIL, at its meeting held today, on
the recommendation of the Human Resources, Nomination and Remuneration Committee,
considered and recommended to the shareholders for approval of appointment of Isha
Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the Company.
Their appointment will take effect from the date they assume office after approval by the

The Board of Directors also accepted the resignation of Nita Ambani from the Board
respecting her decision to devote her energies and time to guide and enable Reliance
Foundation to make even greater impact for India. The Board of Directors appreciated Nita
Ambani for her leadership of Reliance Foundation as its Founder Chairperson. Over the
years, RF has made considerable progress in its mission of nurturing and empowering
marginalised and under-resourced communities in India. They lauded Nita Ambani’s
request to focus even more on strengthening Reliance Foundation as it embarks on a
mission to achieve even greater societal transformation by undertaking a host of new
programmes and initiatives.

As the Chairperson of Reliance Foundation, Nita Ambani will attend all the RIL Board
meetings as a permanent invitee to the Board so that the Company can continue to benefit
from her advice.

Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are
leading and managing key businesses of RIL over the last few years including retail, digital
services and energy and materials businesses. They also serve on the boards of the key
subsidiaries of RIL. Their appointment to the Board of RIL will enable RIL to gain from their
insights and infuse new ideas, the Board opined.

About Reliance Industries Limited
Reliance is India’s largest private sector company, with a consolidated revenue of INR
9,74,864 crore (US$118.6 billion), cash profit INR 1,25,951 crore (US$ 15.3 billion) and net
profit of INR 73,670 crore (US$9.0 billion) for the year ended March 31, 2023. Reliance’s
activities span hydrocarbon exploration and production, petroleum refining and marketing,
petrochemicals, advanced materials and composites, renewables (solar and hydrogen),
retail and digital services.

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