The Board of Directors of Reliance Industries Limited, at its meeting held on Monday, recommended to the shareholders for approval to appoint Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the Company.
"Their appointment will take effect from the date they assume office after approval by the shareholders," read the statement issued by the company.
The Board of Directors also accepted the resignation of Nita Ambani from the Board.
"The Board of Directors appreciated Nita Ambani for her leadership of Reliance Foundation as its Founder Chairperson," read the statement.
As the Chairperson of Reliance Foundation, Nita Ambani will attend all the RIL Board meetings as a permanent invitee to the Board so that the Company can continue to benefit from her advice.
"Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses," read the statement.
They also serve on the boards of the key subsidiaries of RIL.
