Reliance Industries to Seek Approval for ₹16.64 Trillion Transactions Across Jio Platforms and Reliance Jio Entities

Reliance Industries Ltd. (RIL) will seek shareholder approval for related-party transactions worth more than ₹16.64 trillion involving its digital services businesses over the next 5 financial years, as per PTI reports.  

The proposal is part of the resolutions to be placed before shareholders at the company's 49th Annual General Meeting (AGM) scheduled for 19 June 2026. 

Transactions Across Group Entities 

The proposed transactions involve Reliance Industries, Jio Platforms Ltd. (JPL), Reliance Jio Infocomm Ltd. (RJIL) and other group companies. According to the AGM notice, the approvals are being sought for transactions to be carried out between FY28 and FY32. 

RIL noted that similar arrangements had previously received shareholder approval at the company's 45th and 46th AGMs held in 2022 and 2023.  

Those approvals covered transactions up to FY27, and fresh consent is now being sought for the subsequent 5-year period. 

Retail Sales Form Largest Component 

The largest portion of the proposed transactions relates to telecom products and services sold through the Reliance Retail network. The estimated value of these dealings exceeds ₹13 trillion over the 5-year period. 

For FY28, the value of such transactions has been estimated at ₹2.2 trillion. For each of the following 4 financial years, from FY29 to FY32, the amount is expected to be up to ₹2.8 trillion annually. 

The transactions cover the sale of RJIL products and services, including recharge vouchers and Jio Fibre connections, through Reliance Retail outlets. 

Network Roll-out Spending 

The notice also outlined payments to be made by RJIL to Reliance Industries for telecom infrastructure projects executed on an engineering, procurement and construction (EPC) basis. 

Between FY28 and FY32, these payments are estimated at ₹76,800 crore. The expenditure relates to the rollout and expansion of telecom network infrastructure supporting Jio's operations. 

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Reliance Industries Share Price Performance 

As of May 29, 2026, 2:32 pm, Reliance Industries Ltd share price was trading at ₹1,330.80, down 1.48% from the previous closing price. 

Conclusion 

The resolutions seek approval for continuing transactions across Reliance group's telecom and digital businesses over the next 5 financial years. The matter will be considered by shareholders in June. 

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