Reliance AGM 2026 Live Updates: Mukesh Ambani announces Jio IPO, expected to be among India’s largest

Follow Reliance AGM 2026 live updates as Mukesh Ambani outlines the company's growth plans and future roadmap, with key announcements expected on the Jio IPO, AI strategy, data centres, and other businesses.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday announced Jio IPO, which is expected to be among India’s largest initial public offering (IPO). The IPO will be led by Akash Ambani, Isha Ambani, and Anant Ambani. Mukesh Ambani began his address at the 49th annual general meeting (AGM) by congratulating Prime Minister Narendra Modi for becoming the longest-serving PM in political history of the country. Ambani, highlighting Reliance’s consolidated performance, pegged its revenue generation at Rs 11,75,919 crore for FY 2026. Reliance also posted 17.8% profit over the past year despite global disruptions, he said.

Reliance IPO: Reliance Jio Infocomm’s listing is likely to become India’s largest-ever IPO. The IPO could be worth ​as much as $4 billion, sources told Reuters this January. Shares of Reliance Industries rose 0.5 per cent ahead of the meeting, with investors anticipating updates on Reliance ⁠Jio Infocomm’s initial public offer (IPO), AI strategy and data centres, news agency Reuters reported.

NSE IPO: The National Stock Exchange of India (NSE) has also filed draft papers for a long-delayed listing that will be one of two mega IPOs in the country in 2026, according to Reuters. NSE’s IPO is likely to be worth $3.3 billion, depending on its share price ‌in private markets. Existing investors will sell 6% of the company’s equity as part of the issue — a pure offer-for-sale with no fresh equity being raised, the report noted.

At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "10 years ago, Jio began its journey with an audacious dream to remove digital inequality from India. At that time, voice was costly, data was expensive, and speeds were poor. Jio made voice free, made high-speed data affordable, and Jio made digital life possible for every Indian. Jio empowered students to learn, small businesses to grow, families to connect, entrepreneurs to dream, and India to become the world's largest data market."

#watch | At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "10 years ago, Jio began its journey with an audacious dream to remove digital inequality from India. At that time, voice was costly, data was expensive, and… pic.twitter.com/UvDiSaQ7Y2

At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...I firmly believe that India should not be a mere consumer of AI created elsewhere. It must become a creator, adopter, and a global leader in AI. That is why we announced Reliance Intelligence last year as our newest growth engine. Our objective is to build a profitable AI infrastructure, platform, and services business, serving consumers, enterprises, and governments at scale. We set out a clear vision, identified the focus areas, and began building the right partnerships with Google, Meta, and NVIDIA."

#watch | At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...I firmly believe that India should not be a mere consumer of AI created elsewhere. It must become a creator, adopter, and a global leader in AI. That is why… pic.twitter.com/T4m0Dd3VTF

At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...Through adaptability, reinvention, and strategic diversification, Reliance has consistently achieved long-term value creation at scale... I do so in the firm belief that Reliance's best chapters lie ahead. Our foundations are strong. Our strategy is clear, and the opportunity for growth in India, with India, and for India is immense..."

#watch | At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...Through adaptability, reinvention, and strategic diversification, Reliance has consistently achieved long-term value creation at scale... I do so in the… pic.twitter.com/8FsZRBd95N

At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...Isha, Akash, and Anant are heading the Jio IPO process and will lead the next generation of value-creation opportunities in the future. The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value. I assure you and all prospective new investors that a brighter future awaits Jio."

#watch | At the 49th AGM of the company, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani says, "...Isha, Akash, and Anant are heading the Jio IPO process and will lead the next generation of value-creation opportunities in the future. The proposed listing… pic.twitter.com/A4dcILogne

The much-awaited mega initial public offering (IPO) of Jio Platforms, the telecom and digital arm of Reliance Industries Ltd (RIL) will hit the market soon. The board of RIL on Friday cleared the draft red herring prospectus (DRHP) for the IPO, and it will be filed with market regulator Sebi on Friday itself, RIL Chairman and MD Mukesh Ambani said.

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Unlike global AI platforms that build in English and translate later, Jio is building AI natively in Indian languages. Bharat ka AI Bhartiya Bhasha mei bolega. Bharat ke dilon ko jodega. Bharat ki tasveer aur takdeer badlega. What we are building is AI for India. AI by India. AI that will one day serve the world. — Akash Ambani

In 10 years, Jio has reached an operational scale that is simply extraordinary. The Jio user base has crossed 524 million, cementing our No. 1 position. Our 5G subscriber base has crossed 268 million – the largest for any single-country operator outside China, with 77 million net additions during the year. — Akash Ambani

JioAirFiber has reached 13 million connected homes, making us the world’s largest fixed wireless broadband operator. Total data traffic on Jio’s network in FY26 stood at 241 exabytes, growing 30.8% YoY, placing us among the largest data operators on the planet. — Akash Ambani

Jio Platforms FY26: Revenue Rs 1,46,885 crore, growing 14.6% YoY. EBITDA reached Rs 76,255 crore, an 18.8% growth with EBITDA margin improving to 51.9%. For the first time in our history, Profit After Tax crossed Rs 30,000 crore, growing 15.1% YoY. — Akash Ambani

Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India, while also partnering with leading global constellation providers. Jio is also building its own ground station infrastructure in India – strengthening India’s atma nirbharta in space. — Akash Ambani

Reliance Intelligence is building India’s sovereign AI backbone in Jamnagar, powered entirely by clean energy from Reliance’s own solar generation. The first 120 MW will be commissioned by end of 2026, with next-generation compute capacity equivalent to over 2 lakh H100-equivalent GPUs. — Akash Ambani

The draft papers of Reliance's Jio Platforms IPO is set to be filed with SEBI on Friday.

Reliance Jio Infocomm Limited's MyJio mobile application will now become AI-powered, acting as user's personal advisor, the company's Akash Ambani announced on Friday.

The Chairman of Reliance Jio Infocomm Limited Akash Ambani, addressing the 49th annual general meeting (AGM) of Reliance Industries on Friday, announced the an AI Voice Assistant will now be integrated into calls made via Jio.

Reliance Jio has crossed 524 million subscribers in 2026, Chairman of Reliance Jio Infocomm Limited Akash Ambani announced on Friday.

The Chairman of Reliance Jio Infocomm Limited Akash Ambani, addressing the 49th annual general meeting (AGM) of Reliance Industries, said that Reliance Intelligence, Reliance's AI initiative announced last year, will enter its execution phase now.

The company aims to make AI dramatically more affordable for Indian users, the chairman said.

The Chairman of Reliance Jio Infocomm Limited Akash Ambani, addressing the 49th annual general meeting (AGM) of Reliance Industries asserted that the company is building India's sovereign artificial intelligence (AI) backbone.

The company aims to make AI "dramatically more affordable" for Indian users, Akash Ambani announced on Friday.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani, in his address at the 49th annual general meeting of the company, underlined that the past six years have been most volatile, and uncertain.

"India remained among the most resilient nations... India has overcome worst crisis in the past, it will play the role of balancer, promoter of peace and friend to all," he said.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani asserted that the listing of Jio will demonstrate to world that India can build technology companies of global scale, capability, value.

"India should not be mere consumer of AI created elsewhere, it must become creator, adopter, & global leader in AI," he said.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday announced that the board of Jio Platforms has approves its IPO document, and it is to be filed with SEBI later today.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday emphasised that India must intensify, speed up efforts to become self-reliant in critical resources, technologies.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday announced Jio IPO, which is expected to be among India’s largest initial public offering (IPO).

The IPO will be led by Akash Ambani, Isha Ambani, and Anant Ambani.

Akash Ambani, Isha Ambani, and Anand Ambani will be leading the Jio IPO process, Reliance Industries Ltd chairman Mukesh Ambani announced at the 49th annual general meeting (AGM) on Friday.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday began his address at the 49th annual general meeting (AGM) by congratulating Prime Minister Narendra Modi for becoming the longest-serving PM in political history of the country.

Ambani, highlighting Reliance’s consolidated performance, pegged its revenue generation at Rs 11,75,919 crore for FY 2026.

Reliance also posted 17.8% profit over the past year despite global disruptions, he said.

The annual general meeting (AGM) of Reliance Industries is set to begin shortly.

It will begin with an address by RIL Chairman Mukesh Ambani.

At the 2025 annual general meeting (AGM) organised by Reliance Industries, it was announced that Reliance Intelligence will house the company’s artificial intelligence push and focus on AI innovation, a report in The Indian Express stated.

New partnerships in the field of AI -- with Google -- were announced. Reliance would pool its infrastructure might with Google Cloud’s AI technologies. Alphabet and Google CEO Sundar Pichai had also addressed the AGM.

A key update on the electrolyser giga factory was given with projections suggesting it will become operational by end-2026 in a boost for “cost-competitive green hydrogen production at global scale," the report stated.

Reliance also made it public that it was developing one of the world’s largest single-site solar projects across 5,50,000 acres in Kutch, Gujarat. Read the full story here.

At the 49th annual general meeting (AGM) on Friday, an ordinary resolution will be tabled to appoint Reliance Jio Infocomm Chairman Akash Ambani and brother Anant Ambani, who serves on the boards of multiple group companies, as directors on the board of Reliance Industries.

Besides Jio IPO, and AI strategy, Reliance Industries Ltd's retail arm, Reliance Retail, will be in focus at the 49th annual general meeting (AGM) 2026, set to begin shortly.

Led by Executive Director Isha Ambani, investors will closely track the vision for the future after its retail arm reported revenue and net profit growth in the March quarter.

Dividend announcement: A dividend of Rs 6 will be declared per equity share of Rs 10, each fully paid-up of the company.

Reliance Industries Ltd (RIL) recently unveiled a deeper partnership between Meta platforms to launch an AI data centre in the Indian city of Jamnagar, Gujarat.

Meta will lease the centre and will have an option to expand capacity as demand for AI computing rises. The new facility will become Meta’s first AI-enabled data centre in India, according to a press release.

Experts have blamed India’s lack of AI play for the lacklustre performance of its stock markets at a time US public markets are exhibiting a red-hot form. A special focus on Friday at the AGM will be on the plan of action going forward.

Reliance Jio ⁠Platforms, the AI-to-telecoms arm, ​is gearing up for an initial public offering (IPO), that will likely be India’s largest ever. The company may sell shares worth as much as $4 billion, Reuters reported, though final numbers will be decided later.

Reliance Industries is the clear majority owner with a 67 per cent stake in Reliance Jio. Facebook parent Meta Platforms and Google owner Alphabet own 9.9 per cent and 7.73 per cent in Jio, respectively.

In 2026, Reliance shares have declined roughly 15 per cent so far. The company’s net profit declined 13 per cent year-on-year in the March quarter as the Iran war affected its core refining operations.

The 49th annual general meeting of Reliance Industries 2026 will focus on Jio IPO, AI strategy, data centres, among other key announcements.

The company is likely to outline its large-scale artificial intelligence (AI) initiatives and highlight its intentions to harness the infrastructure in the near future.

Another focus will be on the oil-to-telecom conglomerate's new energy business, which includes solar manufacturing, battery storage and green hydrogen projects.

The National Stock Exchange of India (NSE) has filed draft papers for a long-delayed listing that will be one of two mega IPOs in the country in 2026, according to Reuters.

NSE’s IPO is likely to be worth $3.3 billion, depending on its share price ‌in private markets.

Existing investors will sell 6% of the company’s equity as part of the issue — a pure offer-for-sale with no fresh equity being raised, the report noted. (Reuters)

Mukesh Ambani's Reliance Jio Infocomm is gearing up for a mega initial public offering (IPO) on Friday that is likely to become India’s largest-ever.

The IPO could be worth ​as much as $4 billion, sources told Reuters this January.

You can watch the live streaming of the Reliance Industries Ltd (RIL)'s annual general meeting (AGM), set to begin at 2 pm on Friday, at https://jioevents.jio.com/rilagm/.

The AGM will also be live-streamed on RIL's social media platforms, including YouTube, Facebook, and X.

Shares of oil-to-telecom conglomerate Reliance Industries rose 0.5 per cent ahead of the 49th annual general meeting (AGM), which is set to begin at 2 pm on Friday, news agency Reuters reported.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani is set to address shareholders at the 49th annual general meeting (AGM) on Friday at 2 pm.

The meeting, investors are anticipating, would share updates on Reliance ⁠Jio Infocomm’s initial public offer (IPO), AI strategy and data centres, news agency Reuters reported.

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