Reliance Industries : Update on the proceedings of the meeting of Equity Shareholders of the Company and Scrutinizer’s Report on e-voting (remote e-voting and e-voting at the Meeting)

March 10, 2022
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, Plot No. C/1, G Block,
Dalal Street	Bandra-Kurla Complex, Bandra (East)
Mumbai 400 001	Mumbai 400 051
Scrip Code: 500325	Trading Symbol: RELIANCE
Dear Sirs,

Sub: Update on the proceedings of the meeting of Equity Shareholders of the Company and Scrutinizer's Report on e-voting (remote e-voting and e-voting at the Meeting)

We enclose herewith the following in connection with the meeting of Equity Shareholders of the Company convened pursuant to the Order of Hon'ble National Company Law Tribunal, Mumbai Bench and held on Wednesday, March 9, 2022:

1. Update on the proceedings of the Meeting
2. Scrutinizer's Report on e-voting (remote e-voting and e-voting at the Meeting).

Kindly take the above intimation on your record.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

Savithri Parekh

Company Secretary and

Compliance Officer

Copy to:
The Luxembourg Stock Exchange	Singapore Stock Exchange
35A boulevard Joseph II	2 Shenton Way, #19- 00 SGX Centre 1,
L-1840 Luxembourg	Singapore 068804

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: [phone], Telefax: [phone]. E-mail:[e-mail], Website: www.ril.com

CIN- L17110MH1973PLC019786

Update on the proceedings of the Meeting of the Equity Shareholders of the Company convened pursuant to the Order of Hon'ble National Company Law Tribunal, Mumbai Bench ("NCLT Mumbai") and held on Wednesday, March 9, 2022 ("Meeting")

1. Date, time and venue of the Meeting

A Meeting of the Equity Shareholders of the Company convened pursuant to the Order

dated January 28, 2022 ("Order") of NCLT Mumbai was held on Wednesday, March

9, 2022 at 2:00 p.m. (IST) through video conferencing ("VC").

1. Proceedings in brief

Pursuant to the Order of NCLT Mumbai, Justice (Retd.) Ranjit Vasantrao More, Former Judge, Bombay High Court, chaired the Meeting ("Chairperson").

The Chairperson thereafter stated that the Meeting was held through VC in compliance with the directions issued vide Order of NCLT Mumbai.

The requisite quorum being present, the Chairperson called the Meeting to order.

With the permission of the Equity Shareholders, the Notice convening the Meeting was

taken as read.

The Chairperson thereafter addressed the Equity Shareholders and informed them about the salient features of the Scheme and its rationale.

The Chairperson informed the Equity Shareholders that vide Order of NCLT Mumbai, Shri Hemal Mehta, Practising Chartered Accountant, Partner, Deloitte Haskins & Sells LLP, Chartered Accountants, was appointed as the Scrutinizer to scrutinize the voting

through electronic means (i.e. remote e-voting and voting at the Meeting by using electronic system) ("e-voting").

The Scheme of Arrangement between Reliance Industries Limited ("Transferor Company" or "Company") & its shareholders and creditors and Reliance Syngas Limited ("Transferee Company") & its shareholders and creditors ("Scheme") was thereafter placed before the Equity Shareholders for consideration and approval.

On the invitation of the Chairperson, few Equity Shareholders addressed the Meeting and sought clarifications on the resolution proposed at the Meeting. Shri Srikanth Venkatachari, responded to the queries of the Equity Shareholders and provided clarifications.

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: [phone], Telefax: [phone]. E-mail:[e-mail], Website: www.ril.com

CIN- L17110MH1973PLC019786

Thereafter, the Chairperson announced the voting to be undertaken electronically and requested Shri Hemal Mehta, the Scrutiniser for the orderly conduct of the voting at the Meeting.

The Chairperson informed the Equity Shareholders that the results of e-voting shall be disseminated to the stock exchanges and also uploaded on the website of the Company and National Securities Depository Limited ("NSDL"), the authorized agency providing e-voting facility.

The Meeting concluded at 02:52 p.m. after the Equity Shareholders present at the Meeting cast their votes. Thereafter, the Meeting stood closed.

1. Voting by Equity Shareholders

The Company had provided remote e-voting facility to its Equity Shareholders to cast their votes electronically on the proposed resolution set out in the Notice of the Meeting from 1:00 p.m. (IST) on Friday, March 4, 2022 to 5:00 p.m. (IST) on Tuesday, March 8, 2022.

Further, the facility to vote on the resolution through electronic voting system at the Meeting was also made available to the Equity Shareholders who participated in the Meeting but had not cast their votes through remote e-voting.

1. Results of e-voting (remote e-voting and e-voting at the Meeting)

Votes in favour - 99.9990%. The resolution was passed with requisite majority.

Note:

This document does not constitute the minutes of the proceedings of the Meeting of the Company.

For Reliance Industries Limited

Savithri Parekh

Company Secretary and

Compliance Officer

Place: Mumbai

Date: March 10, 2022

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: [phone], Telefax: [phone]. E-mail:[e-mail], Website: www.ril.com

CIN- L17110MH1973PLC019786