Reliance Industries has announced the record date for the bonus issue on Wednesday. The company said in a communication sent to the stock exchanges that the record date for bonus shares has been fixed on Monday, October 28. Reliance Industries has announced to give one bonus share for one share to its investors. Earlier today, the company informed that the proposal for bonus shares has been approved by the shareholders.
In the information sent to the stock market, the company said that it had sought approval to issue a bonus issue and increase the authorized share capital. The company further said that these proposals were approved on October 15 and the proposal received more votes than the required number. October 15 was the last day of e-voting.
How many votes were cast in favor The company informed that a total of 37,67,370 shareholders were eligible to vote till the cut-off date for voting i.e. 12 September 2024. Out of this, 99.9275 percent votes were cast in favor of the bonus issue proposal. At the same time, only 0.0725 votes were against the proposal. The company informed that 87.06 percent voting took place. In which 589.04 crore votes were cast. Out of this, 588.62 crore votes were in favor of the bonus share proposal. At the same time, 42.68 lakh votes were cast against it. Reliance Industries has announced to give one bonus share to its investors. How were the company's quarterly results? The consolidated profit of the company in the second quarter was Rs 16563 crore. At the same time, the gross revenue of the company was Rs 258027 crore. In the second quarter of FY 2025, Reliance's consolidated EBITDA declined by 2.0 percent year-on-year to Rs 43,934 crore. The weakness in the O2C business was compensated due to the strong contribution of digital services. Company Chairman and Managing Director Mukesh Ambani said that Reliance has also performed strongly in the September quarter. Digital service growth has strengthened due to excellent performance. At the same time, Reliance Jio's profit has increased by 23.2 percent to Rs 6,231 crore, which was Rs 5,058 crore in this quarter a year ago. The company's income has increased by 14.5 percent to Rs 28,338 crore. (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the experts, brokerage firm, the website or management is not responsible for it. Please consult your financial advisor or certified expert before investing.
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