According to reports from CNBC TV18 and the latest regulatory filing to the National Stock Exchange of India (NSE), Reliance Industries shareholders approved three resolutions on August 20, 2026, the last date of e-voting. The resolutions included material related-party transactions of Reliance Industries, material related-party transactions of its subsidiaries, and alteration of the Objects Clause of the Memorandum of Association (MOA). The company informed exchanges on Friday, August 21, that the resolutions were passed with the requisite majority, with voting results adhering to guidelines prescribed under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval was facilitated by KFin Technologies Limited, the authorized agency for providing e-voting services, and the scrutiniser report was prepared by Khandelwal & Mehta LLP, Chartered Accountants. As per the latest reports, all three resolutions received strong support from shareholders, with the promoter group fully supporting the special resolution on the MOA alteration.
As reported by CNBC TV18 and the latest regulatory filing, subject to approval from the Registrar of Companies, Reliance will add a new sub-clause 14 after the existing sub-clause 13 in Clause III.A of its MOA. The proposed clause covers businesses involving ammonia, nitric acid, ammonium nitrate (AN) of various grades, ammonium nitrate fuel oil (ANFO), emulsion and other explosives, including civilian, industrial and defence explosives, as well as blasting agents. Additionally, the clause covers fertilisers and agro-chemicals of synthetic or natural origin containing nitrogen, phosphorus or other components and related downstream products. The diversification effort empowers Reliance Industries to expand its business into the production, manufacturing, refining, processing, blending, and distribution of these chemicals, marking a significant strategic shift in the company's operational scope. According to the latest reports, this development allows Reliance Industries to formally expand its business scope into ammonia, ammonium nitrate, explosives and related fertiliser products.
According to the stock exchange filing reported by CNBC TV18 and the latest regulatory filing, the proposed objects cover raw materials, feedstocks, intermediate chemicals, by-products and associated chemicals arising from or used in their manufacture, along with their sale in India and overseas. The clause also includes activities incidental or ancillary to these businesses. Specific products mentioned include anhydrous ammonia, ammonium sulphate, urea ammonium nitrate (UAN), calcium ammonium nitrate (CAN) and other ammonium nitrate derivatives. The change will allow Reliance Industries to carry on the business of producing, manufacturing, refining and dealing in fertilisers and agro-chemicals containing nitrogen, phosphorous and related products, as well as downstream products such as ammonium sulphate, urea ammonium nitrate (UAN), calcium ammonium nitrate (CAN) and other derivatives.
As reported by CNBC TV18, shares of Reliance Industries Ltd ended at ₹1,314.00, down by ₹1.55, or 0.12%, on the BSE on the day of the announcement. The company remains India's most valuable company despite the marginal decline in share price.
According to CNBC TV18, 33 out of the 34 analysts who have coverage on Reliance Industries have a 'buy' rating on the stock, with one solitary 'sell' recommendation. This overwhelmingly positive analyst sentiment reflects confidence in the company's strategic expansion into new business segments, particularly the diversification into chemical and fertiliser sectors that aligns with Reliance's existing interests spanning energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
