KV Kamath becomes independent director of Reliance Industries

New Delhi: The Board of Directors has, at its meeting held today, based on the recommendation of the Human Resources, Nomination and Remuneration Committee considered and recommended to the shareholders for approval the appointment of Shri K. V. Kamath as an Independent Director of the Company for a term of 5 consecutive years with effect from the date of assumption of office by Shri K. V. Kamath. The Board of Directors also approved the postal ballot notice in this regard. Brief profile of Shri K. V. Kamath is attached.

RIL के इंडिपेंडेंट डायरेक्टर बने केवी कामथ

◆ 5 साल तक इस पद पर काम करेंगे कामथ,

◆ जल्द ही लिस्टेड होगी ‘Jio financial services’ pic.twitter.com/9xBacJALp6

— News24 (@news24tvchannel) November 5, 2022

Shri K. V. Kamath is not related to any Director of the Company. Shri K. V. Kamath satisfies
the criteria of independence prescribed under the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Shri
K. V. Kamath, is not debarred from holding the office of Director by virtue of any order
passed by SEBI or any other such authority.

Further, Reliance Strategic Investments Limited (“RSIL”), a wholly-owned subsidiary of the
Company has appointed Shri K. V. Kamath as an Independent Director and non-executive
Chairman. As intimated earlier, RSIL will be renamed as Jio Financial Services Limited
(“JFSL”) and listed pursuant to a scheme of demerger approved by the Board of Directors
for demerger of the Financial Services Business of the Company into RSIL. Shri K. V.
Kamath will continue as Independent Director and non-executive Chairman of JFSL upon
consummation of the Scheme and listing of JFSL on stock exchanges.

The post KV Kamath becomes independent director of Reliance Industries appeared first on News24 English.

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