Reliance Industries 49th AGM 2026: Jio IPO DRHP Filed, AI Strategy Unveiled & All Major Highlights
By Kaushik Brahmakshatriya
Published On 21 June 2026.
Reliance Industries 49th AGM 2026
Reliance Industries Limited (RIL) convened its 49th Annual General Meeting (AGM) on June 19, 2026, hosted virtually at 2:00 PM IST. The meeting, chaired by billionaire Chairman Mukesh Ambani, turned out to be one of the most consequential shareholder events in the company’s history. From the long-awaited Jio IPO announcement to sovereign AI infrastructure and clean energy milestones, this AGM delivered announcements that will shape India’s corporate and technology landscape for the coming decade.
FY26 Financial Performance: A Record-Breaking Year
Reliance Industries posted consolidated revenue growth of 10% to ₹11,75,919 crore in FY26. EBITDA climbed 13.4% to ₹2,07,911 crore, while profit after tax surged 17.8% to ₹95,754 crore.
Consumer-facing businesses — Jio, Retail, and Media — contributed more than half of total EBITDA, underscoring the conglomerate’s successful shift from a commodity-driven to a consumer-first model.
RIL FY26 Key Financial Metrics
| Financial Metric | FY25 | FY26 | Growth |
| Consolidated Revenue | ~₹10,69,017 Cr | ₹11,75,919 Cr | +10% |
| EBITDA | ~₹1,83,341 Cr | ₹2,07,911 Cr | +13.4% |
| Profit After Tax (PAT) | ~₹81,309 Cr | ₹95,754 Cr | +17.8% |
| Jio Platforms PAT | ~₹26,065 Cr | ₹30,000+ Cr | +15.1% |
| Reliance Retail PAT | ~₹12,536 Cr | ₹14,000 Cr | +11.7% |
| Dividend Per Share | ₹5.5 | ₹6 | +9.1% |
Jio IPO: The Most Awaited Announcement
The highlight of the 49th AGM was the formal confirmation of the Jio Platforms IPO.Mukesh Ambani announced at the AGM that the Board of Jio Platforms approved the Draft Red Herring Prospectus (DRHP), with the filing being submitted to SEBI on the very same day — June 19, 2026.
The proposed IPO comprises a fresh issue of up to 270 million equity shares with a face value of ₹10 each. The final issue price will be determined through the book-building process under SEBI regulations. Ambani stated that the proposed listing would mark a major milestone for India’s technology ecosystem, demonstrating that India can build technology companies of global scale, global capability, and global value.
Mukesh Ambani’s children — Akash, Isha, and Anant Ambani — are leading the IPO process and will drive future value creation
Sovereign AI Infrastructure: India’s Largest AI Compute Platform
Reliance unveiled an ambitious plan to build a sovereign AI backbone in Jamnagar, Gujarat.The first phase of the AI infrastructure project comprising 120 megawatts is expected to be commissioned by the end of 2026 and will be powered entirely by clean energy generated from Reliance’s renewable energy platform in Kutch. Reliance is deploying an initial fleet of advanced Nvidia GB300 GPUs, with compute capacity equivalent to more than 75,000 H100 GPUs on an AI-inference basis, with the Jamnagar facility expected to eventually exceed 200,000 H100-equivalent GPUs.
Two new AI-first products were launched: Jio Teleframe (a platform designed for AI agents) and Jio Call Agent (a native AI voice assistant built directly into Jio’s telecom network). Additionally, the MyJio app is being upgraded from a conventional application into a personal AI agent acting as a personalized advisor for users.
New Energy: Giga Complex Enters Execution Phase
The Green Energy Giga Complex at Jamnagar has firmly transitioned from the strategy phase into heavy execution. Following the delivery of Reliance’s first 200-MW batch of high-efficiency solar modules in FY26, the company is now on track to commission its 40 GWh battery gigafactory and begin local manufacturing at the electrolyser plant before the end of calendar year 2026.
Reliance New Energy — Key Milestones & Targets
| Initiative | Status / Target | Timeline |
| Solar Modules (First Batch) | 200 MW delivered | FY26 (Completed) |
| Battery Gigafactory (40 GWh) | Commissioning in progress | By Dec 2026 |
| Electrolyser Plant Manufacturing | Local production to begin | By Dec 2026 |
| AI Infrastructure (Phase 1) | 120 MW clean energy-powered | By Dec 2026 |
| Green Energy Giga Complex | Jamnagar — Execution Phase | Ongoing |
Media, Retail & Satellite Broadband
RIL’s media and entertainment wing — comprising JioStar, Jio Studios, and Network18 — posted a combined revenue of ₹34,917 crore and a net profit of ₹3,434 crore for FY26. JioStar holds a dominant 34.7% television viewership share in India, while Jio Studios became the highest-grossing Indian content studio for three consecutive years. The Dhurandhar franchise became the first Indian film duology where each film individually crossed ₹1,000 crore.
On satellite broadband,
Akash Ambani announced a dual-track satellite strategy — building an India-made sovereign Low Earth Orbit (LEO) satellite constellation while also partnering with global satellite operators and establishing sovereign ground station infrastructure within India.
Reliance Business Segments — FY26 Snapshot
| Business Segment | Key Metric | Highlight |
| Jio Platforms | PAT ₹30,000+ Cr (+15.1%) | IPO DRHP filed; AI agents launched |
| Reliance Retail | PAT ~₹14,000 Cr (+11.7%) | 18,000+ stores; JioMart scaling |
| Media & Entertainment | Revenue ₹34,917 Cr | 34.7% TV viewership share |
| New Energy | 200 MW solar delivered | Gigafactory commissioning soon |
| O2C (Oil-to-Chemicals) | Recovery expected | US ethane + captive naphtha advantage |
Dividend & CSR
Shareholders approved a final dividend of ₹6 per equity share (face value ₹10) for FY26, with the record date set at June 5, 2026.
On the CSR front,
Reliance’s CSR expenditure reached ₹2,248 crore — the highest ever recorded by any Indian corporate entity. Nita Ambani highlighted that the Reliance Foundation has positively impacted over 97 million Indians through programmes spanning rural transformation, healthcare access, education equity, and sports development.
Q&A Section: People Also Ask
Q1. When was Reliance Industries’ 49th AGM held?
Reliance Industries held its 49th Annual General Meeting on June 19, 2026, at 2:00 PM IST through virtual video conferencing.
Q2. What was the biggest announcement at RIL AGM 2026?
The most significant announcement was the formal approval and SEBI filing of the Jio Platforms IPO DRHP on June 19, 2026 itself, confirming the much-anticipated public listing of India’s largest telecom platform.
Q3. What is the Jio IPO issue size?
Jio Platforms’ IPO will consist of a fresh issue of up to 27 crore (270 million) equity shares with a face value of ₹10 each. Final pricing will be determined via the book-building process.
Q4. What dividend did Reliance declare for FY26?
Reliance Industries declared a final dividend of ₹6 per equity share for FY26. The record date was June 5, 2026.
Q5. What AI plans did Reliance announce at the 49th AGM?
Reliance announced a sovereign AI infrastructure project in Jamnagar powered by clean energy, deployment of advanced Nvidia GB300 GPUs, and two new AI products — Jio Teleframe and Jio Call Agent.
Q6. What is the status of Reliance’s New Energy Giga Complex?
The Green Energy Giga Complex at Jamnagar has entered its heavy execution phase. The company delivered its first 200-MW solar module batch in FY26 and is targeting commissioning of the 40 GWh battery gigafactory by end of 2026.
Q7. How did Reliance perform financially in FY26?
RIL posted revenue of ₹11,75,919 crore (+10%), EBITDA of ₹2,07,911 crore (+13.4%), and PAT of ₹95,754 crore (+17.8%) in FY26.
Disclaimer: This article is published for informational and educational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Readers are advised to consult a SEBI-registered financial advisor before making investment decisions. Stock market investments are subject to market risks.We are not responsible any financial loss
