Mukesh Ambani resigns as director of Reliance Jio, Akash Ambani named chairman

Pankaj Mohan Pawar takes over as Managing Director of the company

e4m by exchange4media Staff
Published: Jun 28, 2022 5:07 PM  | 2 min read
mukesh ambani

The digital arm of Reliance Industries Limited (RIL), Reliance Jio Infocomm Ltd, on Tuesday announced that Chairman and Managing Director Mukesh Ambani would resign as the director of the Reliance Jio effective from 27 June. Ambani's son Akash Ambani, who is the non-executive director, has been appointed the chairman of the board.

In a filing to the Bombay Stock Exchange, the company also informed that Pankaj Mohan Pawar will take over as the Managing Director of the company from 27 June.

Following are some of the points approved in the board meeting:

(a) approved the appointment of Mr. Raminder Singh Gujral and Mr. K.V. Chowdary, as Additional Directors of the Company, designated as Independent Directors for a period of 5 (five) years commencing from June 27, 2022, subject to approval of the shareholders; 


(b) approved the appointment of Mr. Pankaj Mohan Pawar as Managing Director of the Company for a period of five (5) years commencing from June 27, 2022, subject to approval of the shareholders; 


(c) noted the resignation of Mr. Mukesh D. Ambani as Director of the Company effective from close of working hours on June 27, 2022;


d) approved the appointment of Mr. Akash M. Ambani, Non-executive Director as Chairman of the Board of Directors of the Company. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Mr. Raminder Singh Gujral and Mr. K. V. Chowdary are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority.

 

 

 

 

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