Jio Financial Services Ltd. (JFSL), a subsidiary of Reliance Industries Ltd. (RIL), will conduct its second post-listing Annual General Meeting (AGM) on Thursday, August 28, 2025, at 2:00 p.m. The meeting will be held virtually through video conferencing (VC) / other audio-visual means (OAVM), in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.
| Event | Date | Purpose |
| Record Date | Monday, August 11, 2025 | To determine eligible members for receiving dividends for FY 2024–25 |
| Cut-off Date | Thursday, August 21, 2025 | To determine eligible members to vote on the AGM resolutions |
| Dividend Payment Date | Within 1 week post-AGM (after August 28, 2025) | If declared, the dividend will be paid within a week after the AGM conclusion. |
In a significant development ahead of the AGM, JFSL announced that Mukesh Ambani and his promoter group will infuse ₹15,825 crore into the company. This will be done via a preferential issue of 50 crore convertible warrants, each priced at ₹316.50.
Each warrant will be convertible into one fully paid-up equity share with a face value of ₹10 and a premium of ₹306.50.
Jio Financial, a core investment company (CIC) registered with the Reserve Bank of India (RBI), operates across various financial verticals. These include:
These consumer-facing arms reflect the company’s ambition to build a comprehensive financial ecosystem in India.
Read more: Jio Financial Services Q1 Business Update: Profit Rises 3.85% as Revenue and Interest Income Soar.
Jio Financial Services is making significant strides ahead of its AGM by strengthening promoter control and raising capital for future expansion. Investors holding shares in their Demat account should stay updated on dividend declarations and voting eligibility as the AGM approaches. The company’s evolving structure and promoter backing signal a strong long-term vision in the NBFC space.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Aug 4, 2025, 12:31 PM IST
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