All eyes will be watching the Mukesh Ambani backed Reliance Industries on Thursday when the company holds its 41st Annual General Meeting (AGM). Ahead of this meet, the share price of RIL finished at Rs 990.05 per piece, up by 1.90%. Everyone is expecting that RIL will announce key strategies for its telecom arm Reliance Jio. Since inception, RJio, with its  free offers, cheap data packs and unlimited calling has given sleepless nights to other telcos like Airtel, Vodafone, Idea Cellular and even PSU BSNL . The 41st AGM meet of RIL will begin at 11:00 am.

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The 41st meeting will be held at Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, Near Bombay Hospital & Medical Research Centre, New Marine Lines, Mumbai 400 020. 

According to the notice sent by RIL, it has been revealed that the company is providing to its members a facility to exercise their right to vote on resolutions proposed to be passed at the Meeting by electronic means ("e-voting").

One can expect the performance of Q4FY18 of RIL and Reliance Jio to be unveiled too. As on March 2018, the second most valuable firm in terms of market capitalisation, reported 0.9% sequential drop in consolidated net profit at Rs 9,435 crore. The company's consolidated revenue stood at Rs 129,120 crore. On a year-on-year basis, net profit increased by 17.3%.  GRM is what the company earns from turning every barrel of crude oil into fuel. Analysts had expected Q4 FY18 GRM to come in at $11.3-11.6. 

Reliance Jio reported net profit below estimates at Rs 510 crore, a jump of 1.2% against Rs 504 crore reported in the December quarter. RJio's Average Revenue Per User (ARPU) came in at Rs 137.10 per month against Rs 154 reported in Q3 FY18. As on March 2018, Reliance Jio subscriber base 186.6 million. 

Jio commenced commercial operations from 1st July 2017, capitalizing 45% of CWIP and 86% of ITUD. 

According to Motilal Oswal, Jio incurred lower expenses than it estimated. Depreciation on telecom equipment was liberal on the basis of expected pattern of consumption of future economic benefits.

It added, "We expect Jio to incur expense (comprising of recurring expenditure, which varies depending on the level of operation and depreciation & amortization) of at least INR325b from FY18."

Spectrum is amortized from the date of commencement of commercial operation over the balance validity period, based on the expected pattern of consumption of the expected future economic benefits, in accordance with the applicable Accounting Standards, adds Motilal. 

"We believe that depreciation and amortization will increase in FY19 once Jio also starts capitalizing CWIP," reiterated Motilal. 

Further, in the AGM meet one can expect Mukesh Ambani’s re-appointment discussion. 

The founder of RIL has capped his salary till Rs 15 crore since 2009. Ambani voluntarily decided to limit his compensation surrounding debates over right-sizing of CEO salaries.

The Board of Directors of RIL, at its meeting held on April 27, 2018 has, subject to the approval of members, re-appointed Ambani as Managing Director, for a period of 5 (five) years from the expiry of his present term, i.e. with effect from April 19, 2019.

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It is proposed to seek members’ approval for the re-appointment of and remuneration payable to Ambani as Managing Director of the Company, in terms of the applicable provisions of the Act.

In addition to the salary, perquisites and allowances of Ambani shall be entitled to receive remuneration based on net profits which will be determined by the Board and / or HRNR Committee of the Board for each financial year.

As of January 2018, Mukesh Ambani was ranked by Forbes as 18th-wealthiest person in the world, with a net worth of $43.2 billion.

Well what does Mukesh Ambani speak on Reliance Jio and his stay at the top in RIL will be keenly watched. Investors will surely be trading in RIL shares with their decisions revolving around key decisions to be announced during the AGM meet.