RCReliance Communications532712CIRP or IBC

Seeks more time to hold AGM for FY 2025-26 amid ongoing insolvency process

The company has told the exchanges it needs more time to hold its Annual General Meeting for the financial year 2025-26.

By ScoutQuest · Thu 22 Oct 2026, 1:03 PM IST · 2 min read

Form Shared

Form GNL-2 (SRN-AC5939038)

AGM Financial Year

FY 2025-26

Insolvency Status

under Corporate Insolvency Resolution Process

What has been intimated

• The company has told the stock exchanges that it will not be able to convene its Annual General Meeting for the financial year 2025-26 within the applicable statutory framework.
• It has sought additional time to complete the requisite processes for convening the AGM.
• The reasons given are the prolonged Corporate Insolvency Resolution Process, severe financial and operational constraints, and certain technical and procedural difficulties.

Steps taken so far

• Form GNL-2, with SRN-AC5939038, has been shared with the relevant authorities in connection with the proposed application for extension of time.
• The company is in the process of making an appropriate application before suitable authorities for extension of time for convening the AGM, in accordance with applicable provisions of law and the directions or orders that may be passed by the Hon'ble NCLT.

Insolvency background

• The company is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
• With effect from June 28, 2019, its affairs, business and assets are being managed by, and the powers of the board of directors are vested in, the Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by the Hon'ble National Company Law Tribunal, Mumbai Bench, vide order dated June 21, 2019.

How to read this

• An annual general meeting is where shareholders ordinarily receive the year's accounts and vote on routine business. Seeking more time means those routine shareholder actions are deferred until an extension is granted.
• The company states that these steps are aimed at an orderly and compliant process and at protecting and acting in the best interests of the company and all its stakeholders, including shareholders, creditors, employees and other stakeholders.
• It has said it will make further disclosures to the stock exchanges upon receipt of any order, direction or other material communication in relation to the matter.

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