The resolutions were approved with the requisite majority on August 20, 2026, which was the last date of e-voting. The three resolutions approved by members relate to 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).
What has Reliance added to its objects clause?
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.
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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.
The clause also covers fertilisers and agro-chemicals of synthetic or natural origin containing nitrogen, phosphorus or other components and related downstream products. These include anhydrous ammonia, ammonium sulphate, urea ammonium nitrate (UAN), calcium ammonium nitrate (CAN) and other ammonium nitrate derivatives.
The proposed objects also 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 and activities incidental or ancillary to these businesses.
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“14. To carry on the business of producers, manufacturers, refiners, processors, blenders, formulators, converters, possessors, storers, stevedores, handlers, packagers, baggers, transporters, buyers, sellers, importers, exporters, resellers, marketers, distributors or otherwise dealers of ammonia, nitric acid, ammonium nitrate (AN) of various grades (including but not limited to technical grade, low-density and high-density ammonium nitrate), ammonium nitrate fuel oil (ANFO), emulsion and other explosives (including but not limited to civilian, industrial and defence explosives) and blasting agents, and fertilisers and/or agro-chemicals of synthetic or natural origin containing nitrogen, phosphorous, or other components and related downstream products (including but not limited to anhydrous ammonia, ammonium sulphate, urea ammonium nitrate (UAN), calcium ammonium nitrate (CAN) and other ammonium nitrate derivatives) together with all raw materials, feedstocks, intermediate chemicals, by-products and associated chemicals arising in or used for their manufacture, and sale thereof anywhere in India or abroad, and to undertake all activities incidental or ancillary thereto,” Reliance Industries said in a stock exchange filing.
33 out of the 34 analysts who have coverage on Reliance Industries have a “buy” rating on the stock, with one solitary “sell” recommendation.
Shares of Reliance Industries Ltd ended at ₹1,314.00, down by ₹1.55, or 0.12%, on the BSE.
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