Reliance Industries Ltd Share Price – NSE  / BSE

Refineries, Large Cap

In a regulatory filing, the company said, “The board of directors has recommended issue of bonus shares in the ratio of 1:1 i.e. one new fully paid-up equity share of Rs 10 each for every one existing fully paid-up equity share of Rs 10 each, to the eligible equity shareholders of the company as on the record date.”

The record date will be intimated separately, it added.

The bonus shares will be issued out of securities premium account received in cash and/or general reserve and/or retained earnings available as at 31 March 2024.

The bonus shares would be credited on or before 1 November 2024.

Further, the company’s board has also announced to increase the authorized share capital of the company from Rs 15,000 crore to Rs 50,000 crore.

RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services.

The company’s consolidated net profit declined 4.04% to Rs 17,448 crore in Q1 FY25 as against Rs 18,182 crore posted in Q1 FY24. Gross revenue rose by 11.55% year on year (YoY) to Rs 257,823 crore in the quarter ended 30 June 2024.

Shares of Reliance Industries slipped 1.25% to Rs 2,991.95 on the BSE.

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The Board of Reliance Industries at its meeting held on 05 September 2024 has approved the following:

1. Approved forfeiture of partly paid-up equity shares of the Company on which call money (First Call or Second and Final Call or both), remains unpaid. The forfeiture will be effected in case the payment of call money is not made on or before 20 September 2024.

2. Recommended to the shareholders for their approval, through postal ballot:

i- issue of bonus shares in the ratio of 1:1 i.e. 1 (one) new fully paid-up equity share of Rs 10 each for every 1 (one) existing fully paid-up equity share of Rs 10 each, to the eligible equity shareholders of the Company as on the record date, by capitalization of securities premium received in cash and / or general reserve and / or retained earnings.

ii - increase in the Authorised Share Capital of the Company from Rs. 15,000 crore to Rs. 50,000 crore.

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Reliance Industries will hold a meeting of the Board of Directors of the Company on 5 September 2024.

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The meeting will focus on a proposal to issue bonus shares to equity shareholders. The company plans to issue bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves.

RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services.

The company’s consolidated net profit declined 4.04% to Rs 17,448 crore in Q1 FY25 as against Rs 18,182 crore posted in Q1 FY24. Gross revenue rose by 11.55% year on year (YoY) to Rs 257,823 crore in the quarter ended 30 June 2024.

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