Reliance Industries AGM: Key Dates On E-Voting, Dividend After 1:1 Bonus Eyed; CLSA, Jefferies Give BUY On RIL

Reliance Industries' share price is in focus on August 22, as it is the last date for investors to be eligible for e-voting in the behemoth's upcoming 48th annual general meeting (AGM). Billionaire Mukesh Ambani will address shareholders on August 29, where key developments for Jio, retail and new energy are expected. Also, Reliance is expected to announce a dividend during the AGM, which will be the first benefit after its mega 1:1 bonus issue.

However, due to the broader market's bearish sentiment, Reliance shares are down on August 22.

Reliance Industries Share Price:

At the time of writing, Reliance stock price traded at Rs 1420 apiece on BSE, down by 0.33% with a market cap of Rs 19,21,611.11 crore. The stock ranged between its intraday high and low of Rs 1423.60 apiece and Rs 1414.55, respectively.

Despite the latest correction, Reliance is still less than Rs 135 away from crossing its 52-week high of Rs 1,551 apiece, while the stock is up by 27.3% from its 52-week low of Rs 1,115.55 apiece.

Reliance Industries AGM:

Reliance is providing its members the facility to exercise their right to vote on resolutions proposed to be passed at AGM by electronic means ("e-voting"). Members may cast their votes remotely on the dates mentioned. The Company has engaged the services of KFinTech as the agency to provide the e-voting facility, as per the filing.

The last date to be eligible for this e-voting is fixed on August 22.

In its filing, Reliance said, "Only a person, whose name is recorded as on the Cut-off Date, i.e., Friday, August 22, 2025, in the register of members/ register of beneficial owners maintained by the Depositories, shall be entitled to avail the facility of remote &-voting or voting through lnsta Poll."

Once the eligible investors are identified, the e-voting facility will begin on August 24 and end on August 28.

Reliance Industries AGM Expectation:

Global brokerage CLSA believes Reliance's AI initiatives through Jio, coupled with media and consumer business expansion and integration of new energy value chains, were some of the key long-term growth drivers in Reliance's annual report.

Going ahead, CLSA added that the upcoming AGM meeting will be closely monitored. The brokerage is expecting updates on the possible Jio IPO, better clarity on AI-related plans, and progress on FMCG expansion.

Reliance Industries Dividend:

On August 29, one of the much-awaited developments is Reliance's proposal for dividend payout. In its filing, Reliance said that the dividend, if declared at the AGM, will be paid within a week from the conclusion of the AGM.

The record date for the upcoming dividend has passed. The company fixed August 14 as the record date to determine eligible shareholders for the dividend ahead. This means that if on August 29, there is a dividend announcement, only those shareholders will be eligible who held RIL shares as of August 14, 2025. New shareholders from August 15 will not be eligible.

This will become Reliance Industries' first dividend after its big 1:1 bonus issue. So far, Reliance has delivered up to 3 bonuses. All three bonus issue ratios are 1:1 each, and their ex-dates are in November 2009, September 2017, and October 2024.

BUY Reliance Industries Stock?

CLSA has given 'OUTPERFORM' rating with target price of Rs 1,650 on Reliance. While another brokerage, Jefferies, maintained its 'Overweight' rating with a target of Rs 1,695, citing stronger O2C margins, potential tariff hikes, and improved retail growth as key positive factors for Reliance.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. Neither the author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.