REC Solar (Japan) Co., Ltd., a step-down wholly owned subsidiary of Reliance Industries, ceased to be a subsidiary effective June 10, 2025, due to liquidation.
REC Solar (Japan) Co., Ltd. had a turnover of ₹0.78 crore in CY2024.
The net worth was ₹14.41 crore as on December 31, 2024, contributing 0.00008% and 0.0018%, respectively, to the consolidated turnover and networth of Reliance for the financial year 2024-25.
Shri Raminder Singh Gujral, independent director of Reliance Industries Limited, will complete his second term on June 11, 2025.
The Board of Directors has appointed Shri Dinesh Kanabar as an additional independent director, effective June 12, 2025, to fill the vacancy.
His appointment is for a period of 5 years, subject to the approval of shareholders.
Shri Dinesh Kanabar is a widely recognized Chartered Accountant in India, known for his expertise in tax and regulatory matters.
He founded Dhruva Advisors LLP, a leading tax and regulatory advisory firm in India.
He currently serves on the Boards of companies such as Adani Green Energy Ltd and PVR Inox Ltd, and has collaborated with the Government of India on various critical policy initiatives.