Reliance Industries Limited — Others, 04-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Reliance Industries has announced a board meeting to address the recent reversal of a favorable arbitral award by the Division Bench of the Delhi High Court, which has led to a demand from the Ministry of Petroleum and Natural Gas for US $2.81 billion from the company and its partners. Despite this demand, Reliance is confident in its legal stance, asserting that the judgment is unsustainable and plans to challenge it, expecting no liability. This development may create a cautious sentiment among investors while underscoring the need for close monitoring of legal proceedings and potential impacts on financial health.