Reliance Industries chairman Mukesh Ambani Chairman poses with (from 2nd R to L) spouse Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani. File
| Photo Credit: Reuters
The Board of Directors of Reliance Industries Limited (RIL), at its assembly held on August 28 on the advice of the Human Resources, Nomination and Remuneration Committee, thought-about and really helpful 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 shareholders,” RIL stated in an announcement.
The Board of Directors additionally accepted the resignation of Nita Ambani from the Board respecting her determination “to devote her energies and time to guide and enable Reliance Foundation (RF) 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,” the assertion stated.
“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,” the assertion added.
“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,” the assertion additional stated.
The firm stated that Isha Ambani, Akash Ambani and Anant Ambani have been intently concerned with and are main and managing key companies of RIL over the previous couple of years together with retail, digital providers and power and supplies companies. “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,” RIL stated.
