Archive · 21 Aug 2026
Reliance Shareholders Approve Expansion Into Explosives, Fertilisers And Agrochemicals
Reliance Industries asked its shareholders for permission to enter some new businesses.
These businesses include explosives, blasting materials, fertilisers and agricultural chemicals.
Shareholders approved the main proposal by an almost unanimous vote.
The change will become effective after the Registrar of Companies approves it.
Reliance will be allowed to make, store, transport, buy, sell and market several chemical products.
These include ammonia, nitric acid and different types of ammonium nitrate.
Shareholders also approved two proposals about transactions between Reliance and related companies.
Those proposals also received very strong support.
Reliance Industries shareholders approved changes allowing entry into explosives, blasting agents, fertilisers and agrochemicals.
The postal-ballot resolution received 99.9967 percent support and will take effect after Registrar of Companies approval.
Approved activities include producing, storing, transporting, importing, exporting and marketing chemicals and explosive products.
Shareholders also approved related-party transactions involving Reliance Industries and its subsidiaries.
The related-party resolutions received 99.2119 percent and 99.2118 percent support, respectively.
- Who
- Reliance Industries shareholders approved proposals submitted by Reliance Industries.
- What
- They approved expanding the company’s business objects to include explosives, blasting agents, fertilisers and agrochemicals, along with two related-party transaction resolutions.
- When
- The postal ballot was completed on August 20, 2026, based on a July 17 cut-off date for shareholders.
- Where
- The shareholder process was conducted remotely, with the report issued from Mumbai.
- Why
- The approval allows Reliance to pursue the newly listed chemical, explosives, fertiliser and agrochemical activities and authorizes the related-party transactions.
- Main resolution support
- 99.9967 percent of valid votes were in favour; 0.0033 percent were against.
- Effective date
- The business-object change requires approval from the Registrar of Companies.
- Approved sectors
- Explosives, blasting agents, fertilisers and agrochemicals.
- Products listed
- Ammonia, nitric acid, ammonium nitrate, ANFO, emulsions and civilian, industrial and defence explosives.
- Related-party resolution 1
- Transactions involving Reliance Industries received 99.2119 percent support.
- Related-party resolution 2
- Transactions involving Reliance subsidiaries received 99.2118 percent support.
- Shareholder count
- Reliance had 47,11,877 shareholders on the July 17 cut-off date.
- Voting provider
- KFin Technologies provided the remote electronic voting facility.