Reliance Proposes Extension of Mukesh Ambani’s Tenure as M.D. Despite Age Limit

  • Reliance seeks approval from shareholders to extend Mukesh Ambani’s tenure as head until April 2029, despite reaching the mandated 70-year retirement age.
  • Ambani has not drawn any salary or profit-based commission for three consecutive years from FY21 due to the COVID-19 pandemic.
  • The Board of Directors recommends that no salary or profit-based commission be paid to him for his projected term from April 2024 until April 2029.
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