From Chatbot to global audience, Reliance AGM tomorrow to have many firsts

Mukesh Ambani led-Reliance Industries Ltd (RIL) will maintain its annual basic assembly (AGM) on Wednesday amid investor expectations of big-ticket bulletins.

Reliance, India’s most useful firm, has held all in its AGMs on the Birla Matushree Hall in Mumbai earlier than this. And, this time it is going to be on-line making the AGM a a lot greater affair.

The 43rd AGM will showcase many firsts on a real-time foundation, together with a two-way reside streaming and a brand-new digital platform which is able to allow multiple lakh shareholders from 500 places, in India and overseas, to log in concurrently, firm officers have mentioned.

Video conferencing, the Jio Meet platform, Cisco Webex and industrial webcast will probably be among the many platforms taking the mega-AGM on-line.

How buyers can log in:

* RIL has launched a Chatbot by means of WhatsApp quantity +91-79771-11111 to for individuals to log in, ask questions and vote on resolutions.

* The Chatbot, which debuted throughout Reliance’s mega Rs 53,124 crore rights situation, is powered by Jio Haptik.

* The Chatbot is supplied to reply queries and information shareholders, potential buyers, media and most people with correct and speedy data on the AGM.

* It may even work as 24×7 assist desk and may deal with 50,000 queries concurrently by way of conversational textual content and video.

And now the upcoming AGM will probably be digital, the place shareholders will be capable of watch the AGM, ask inquiries to the chairman and vote – all aided by know-how, consistent with RIL’s present focus, the sources mentioned.

Who will take part?

Other than shareholders from India, these in different nations just like the US, UK, Canada, the UAE, Japan, Hong Kong, Singapore, Malaysia and Australia will log in.

All administrators, key officers, and shareholder audio system will probably be seen and audible and 1000’s of shareholders will be capable of publish their questions and eVote on resolutions.

Last Reliance AGM

Mukesh Ambani had introduced a roadmap for Reliance to develop into a net-debt free firm earlier than March 31, 2021, on the final AGM on August 12, 2019.

The oil-to-telecom conglomerate already achieved the net-debt free standing final month after a document fundraising from stake gross sales and rights situation.

Reliance secured greater than Rs 1.18 lakh crore from international tech buyers, together with Facebook, by promoting 25.24% of its digital enterprise and raised Rs 53,124 crore by promoting shares to current buyers.

The firm had mentioned final month that taken along with final yr’s sale of 49% stake in gas retailing enterprise to BP Plc of UK for Rs 7,000 crore, the full fund raised is in extra of Rs 1.75 lakh crore.

Reliance had a web debt of Rs 1,61,035 crore as on March 31, 2020.

At the final AGM, Ambani had additionally introduced plans to promote a $15 billion stake in his group’s oil-to-chemical enterprise to Saudi Arabian Oil Co however the deal been delayed.

Previous AGMs

* All the post-IPO AGMs of Reliance have been bodily conferences which have typically been equated with large fats Indian weddings.

* In 1985, 12,000 of them attended the Reliance AGM on the Cooperage Football Ground in Mumbai’s Colaba. The subsequent yr, round 35,000 attended it on the metropolis’s Cross Maidan.

* The AGMs have been then shifted to auditoriums as RIL’s shareholder base swelled to greater than 26 lakh.

(With company inputs)