The Board of Directors of Reliance Industries Limited (RIL) has approved a plan to issue bonus shares at a ratio of 1:1. This means that for every fully paid-up equity share of ₹10 that a shareholder owns on the record date, they will receive an additional fully paid-up equity share of ₹10. This will be the largest bonus share offering in India’s stock market. The issuance of these bonus shares will come just in time for the festive season in India, giving shareholders an early Diwali gift. However, the company has not yet announced the date for this corporate action.
RIL Bonus Date and Announcement
The record date for the bonus issue is expected to be announced on October 14, 2024. On this date, the company will also review and approve its standalone and consolidated unaudited financial statements for the quarter and half year ending on September 30, 2024.
In the June 2024 quarter, the company reported a 2% year-on-year EBITDA growth to ₹42,748 crore, though net profit saw a 5% decline, landing at ₹15,138 crore.
- Financial performance for the quarter ended 30 Jun, 2024
- Financial performance for the year ended 31 Mar, 2024
- Annual Report for the year 2023-2024
- 2024 – 2025 Financial Presentation – Q1 Results 19, July | 2024
- Ten Year Financial Highlights
RIL Q2 Results Meeting
Reliance Industries has stated that its Board of Directors will meet on October 14, 2024, to assess and approve the unaudited financial results for the second quarter and the first half of the financial year ending September 30, 2024. The company mentioned in its exchange filing: “The Board of Directors of the Company is scheduled to be held on Monday, October 14, 2024, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2024.”
As per the Securities and Exchange Board of India (SEBI) regulations, the trading window for dealing in the company’s securities will be closed from October 1, 2024, and will reopen 48 hours after the financial results for the second quarter are publicly available.
RIL Bonus Share History
This will be the sixth time RIL has issued bonus shares since its initial public offering (IPO) and the second time in the past decade. The bonus share issuance reflects the company’s ongoing commitment to rewarding its shareholders during what they call the “Golden Decade,” from 2017 to 2027. In 2017, Reliance also awarded bonus shares at a 1:1 ratio. Additionally, the company conducted a Rights Issue in 2020, which increased shareholder investments by 2.5 times. In July 2023, Jio Financial Services Limited was separated from Reliance Industries and is now valued 35% higher since its listing.
