RIL Shareholders Approve Haigreve Khaitan As Independent Director

Reliance Industries Limited has informed the exchanges that the company’s shareholders have approved the appointment and reappointments of three Directors through a postal ballot that ended on June 20.

According to the resolutions passed through e-voting, Haigreve Khaitan has been confirmed as an Independent Director for five years, up to March 31, 2029. His Excellency Yasir Othman H. Al Rumayyan has been reappointed as an Independent Director of the company for a second term of five years, up to July 18, 2029. Members have also confirmed the reappointment of P.M.S. Prasad as a Whole-time Director designated as an Executive Director, for five years, from the expiry of his present term of office, i.e., with effect from August 21, 2024.

Khaitan is the Managing Partner at Khaitan & Co., overseeing the firm’s strategic growth. With over 30 years of experience, Khaitan has led high-profile cases across industries in India. As a strategic advisor, he devises innovative solutions for legal and regulatory challenges, including M&A, restructurings, and disputes. He actively contributes to policy-making bodies, such as the Competition Commission of India and the Securities and Exchange Board of India. He has received numerous accolades, including recognition by Chambers and Partners, Legal 500, and Who’s Who Legal, and has been named an “eminent practitioner” and “elite thought leader” in M&A. He serves as an Independent Non-Executive director on the boards of several Indian companies, including Jio Platforms, Torrent Pharmaceuticals, Mahindra & Mahindra, CEAT, JSW Steel, Tech Mahindra, PVR INOX, and Borosil Renewables.