Jio Financial Services Ltd. (JFSL), the financial arm carved out of Reliance Industries Ltd. (RIL), has announced on 2 August that it will hold its second Annual General Meeting (AGM) post-listing on Thursday, August 28, 2025, at 2:00 p.m.
The meeting will be conducted virtually via video conferencing (VC) and other audio-visual means (OAVM), as per the guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).
Key Filing Announcement
In an official filing to the stock exchanges on Saturday, August 2, 2025, JFSL disclosed important dates associated with the AGM, including those related to dividend eligibility and voting rights.
Record and Cut-off Dates Announced
JFSL has fixed Monday, August 11, 2025, as the Record Date for determining the shareholders eligible to receive a dividend for the financial year 2024–25.
Should a dividend be declared during the AGM, it will be disbursed within a week following the conclusion of the meeting.
Additionally, Thursday, August 21, 2025, has been announced as the Cut-off Date for the purpose of determining members who will be eligible to vote on the resolutions listed in the Notice of the AGM.
A Milestone Event Post-Listing
This AGM will be the company’s second since its listing, marking another significant step in its journey as a standalone financial services entity after being demerged from Reliance Industries.
Promoter Group to Inject ₹15,825 Crore via Preferential Issue
In a major development ahead of the AGM, Jio Financial Services also revealed on July 31, 2025, that its promoter group, led by RIL Chairman Mukesh Ambani, will inject ₹15,825 crore into the company.
This capital infusion will be executed through a preferential issue of convertible warrants, significantly strengthening the firm’s balance sheet.
Post-infusion, the promoter group is expected to hold over 51% stake in JFSL, giving them majority control in the company. The move reflects strategic intent to bolster the company’s financial capabilities and long-term vision.
Expanding Financial Ecosystem Under JFSL Umbrella
Jio Financial Services operates as a core investment company (CIC) registered with the Reserve Bank of India (RBI).
It conducts its diverse financial services businesses through multiple consumer-facing entities, including:
- Jio Credit Ltd.
- Jio Insurance Broking Ltd.
- Jio Payment Solutions Ltd.
- Jio Leasing Services Ltd.
- Jio Finance Platform and Service Ltd.
- Jio Payments Bank Ltd.
This diversified structure allows JFSL to offer a wide range of financial products and services across lending, insurance, digital payments, and leasing solutions.
Strategic Significance of AGM and Fund Infusion
The upcoming AGM and the promoter-led fund infusion mark critical milestones for Jio Financial Services in its mission to emerge as a dominant player in India’s financial services landscape.
The capital injection not only underscores the confidence of the promoters in the company’s future but also enhances JFSL’s ability to scale operations and invest in new opportunities.
The market will closely watch the resolutions proposed at the AGM, including dividend declarations and governance matters, especially in the context of the fresh capital support and increasing promoter shareholding.
As the date approaches, shareholders eligible to vote or receive dividends are advised to take note of the cut-off and record dates to ensure they do not miss out on key entitlements.
Key Highlights:
- AGM Scheduled for August 28
- Dividend and Voting Eligibility Dates Announced
- Massive Promoter Fund Infusion to Strengthen Balance Sheet
Events and Dates
| Event | Date |
|---|---|
| Record Date | 11 August 2025 |
| Cut-off Date | 21 August 2025 |
| Dividend Payment Date | Post 28 August 2025 |
