RIL board approves appointment of Anant Ambani as Executive Director
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Reliance Industries' board of directors has appointed Anant Ambani as a whole-time director of the company and he will be designated as the Executive Director. The appointment comes into effect from May 1, 2025 and he will be in the office for a period of five years. The appointment has been made on the recommendations of the Human Resources, Nomination and Remuneration Committee, a company filing said, adding that it will be subject to the approval of the members of the company. Anant Ambani is currently serving as the non-executive director of the company. The company informed about the development, late last night following the announcement of its Q4FY25 earnings. The oil-to-telecom conglomerate posted a 6.4% rise in March-quarter net profit from a year ago, exceeding estimates on the back of revenue growth in the oil-to-chemicals and consumer-facing units. RIL posted profit after tax of Rs 22,611 crore, up from Rs 21,243 crore a y...