Reliance Jio on Tuesday announced that Mukesh Ambani resigned as the Director of the company on June 27. The company also announced that the board has approved the appointment of Akash Ambani as Chairman of the board.
Akash has also been appointed as the Non-executive Director of Reliance Jio.
Further, the board at its meeting also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Reliance Jio for a period of five years commencing from June 27, 2022.
Jio, in a statement, also stated that its board has approved Raminder Singh Gujral and K.V. Chowdary, as Additional Directors of the firm. They have been designated as Independent Directors for a period of 5 (five) years commencing from June 27, 2022.
“In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Raminder Singh Gujral and KV Chowdary are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority,” the company said.
Reliance Industries stock closed at Rs 2,529.00 apiece on BSE, 1.49 per cent higher than Monday’s close. It climbed by 1.50 per cent to settle at Rs 2530.00 apiece on NSE.