Overview

• On June 29, Reliance Industries filed a postal ballot notice to ratify Anant Ambani’s elevation to Executive Director effective May 1.
• His proposed remuneration comprises an annual salary of ₹10–20 crore plus a commission tied to company profits.
• The notice specifies perquisites including furnished accommodation or house rent allowance, utilities reimbursements, travel and lodging expenses, company vehicles, communication costs, medical coverage and personal security for him and his family.
• Anant Ambani has led oil-to-chemical capital projects in the vinyl and speciality polyester chains and overseen the development of New Energy Gigafactories since joining Reliance in 2015.
• His formal appointment marks a key phase in Mukesh Ambani’s multi-year succession strategy that began with inducting his three children as non-executive directors in August 2023.