Reliance Industries Chairman and Managing Director Mukesh Ambani did not receive any remuneration from the company in FY26, according to the company's latest annual report.
The decision marks the 6th consecutive financial year in which he has forgone salary, allowances, perquisites, and commission.
The remuneration waiver was first adopted in 2020 following the economic and social disruption caused by the COVID-19 pandemic.
Prior to that, Ambani had voluntarily capped his annual remuneration at ₹15 crore for 12 straight years beginning FY09.
The disclosure comes alongside Reliance Industries' financial results for FY26. The company reported revenue of ₹11,75,919 crore, an increase of 10% from the previous financial year.
Annual EBITDA rose 13.4% year-on-year to ₹2,07,911 crore, while profit after tax increased 17.8% to ₹95,754 crore. Reliance described FY26 as a year marked by geopolitical uncertainty, volatile energy markets, and changes in global trade flows.
For the quarter ended March 2026, consolidated net profit declined 13% year-on-year to ₹16,971 crore from ₹19,407 crore. Revenue from operations during the quarter increased 13% to ₹2.98 lakh crore.
Among executive directors, P.M.S. Prasad received remuneration of ₹20.58 crore during FY26, including salary, perquisites and retiral benefits. Nikhil R. Meswani and Hital R. Meswani were paid ₹14.56 crore each.
Isha Ambani Piramal and Akash Ambani received sitting fees of ₹5 lakh each and commission of ₹2.5 crore. Anant Ambani, who served as a non-executive director until April 30, 2025, received sitting fees of ₹1 lakh and commission of ₹21 lakh.
Following his appointment as executive director from May 1, he earned ₹12.17 crore during FY26.
Reliance Industries has scheduled its 49th Annual General Meeting for June 19, 2026. The company has fixed June 5 as the record date for determining shareholder eligibility for the proposed dividend.
The board has recommended a dividend of ₹6 per equity share for FY26. Subject to shareholder approval at the AGM, the payment will be made within 7 days of the meeting.
Read More: Air India to Reduce Up to 22% Domestic Flights Between June and August Amid High Fuel Costs!
As of May 29, 2026, 9:45 am, Reliance Industries share price was trading at ₹1,350.60, up 0.0074% from the previous closing price.
The FY26 annual report showed that Mukesh Ambani continued to forgo his salary for the 6th straight year. The filing also outlined director remuneration, financial performance and dividend plans.
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Published on: May 29, 2026, 11:28 AM IST
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