Reliance Industries Limited (RIL) issued a Postal Ballot Notice for material related party transactions totaling ₹1.45 lakh crore. The company seeks to increase funding limits for Reliance Consumer Products Limited and Reliance Retail Ventures Limited. These units will use the capital for expansion, capital expenditure, and working capital.
RIL also proposed amending its Memorandum of Association to manufacture ammonium nitrate and related products. This move marks a strategic entry into the explosives and fertilizers sector.
Shareholders may participate in the e-voting process from July 22 to August 20, 2026. Reliance shares declined following the announcement, influenced by broader market weakness and post-earnings sentiment.