
Reliance Industrial Infrastructure is committed to transparency and accountability, as evident from their annual reports and compliance records.
Their annual reports provide a comprehensive overview of the company's financial performance, business operations, and future goals.
The reports are available on their website for public access, allowing stakeholders to make informed decisions.
The company's compliance with regulatory requirements is also a testament to their commitment to good governance.
Financial Reports
Reliance Industrial Infrastructure's financial reports are a treasure trove of information. The company's 5-year average return on equity (ROE) is a respectable 2.75%.
The company's debt-to-equity ratio is impressively low at 0.0%. This suggests that Reliance Industrial Infrastructure has managed its finances effectively, avoiding excessive debt.
The company's 5-year average asset turnover ratio is 0.12, indicating that its assets are not being utilized efficiently. This could be a concern for investors, as it may indicate that the company is not generating sufficient revenue from its assets.
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Reliance Industrial Infrastructure's 5-year average net profit margin is 20.7%, which is a strong indication of the company's profitability. This suggests that the company is able to maintain a healthy profit margin over time.
Here's a snapshot of the company's key financial metrics over the past 5 years:
Overall, Reliance Industrial Infrastructure's financial reports suggest a company that is well-managed and profitable, with a strong track record of generating returns for its investors.
Shareholding and Governance
Reliance Industrial Infrastructure has a stable shareholding pattern, with promoters holding a consistent 45.43% stake since March 2017.
The number of shareholders has fluctuated over the years, ranging from 84,726 in March 2017 to 84,627 in September 2025.
The company has also seen changes in its management and governance structure, with the appointment of new secretarial auditors in June 2025 and a new executive director, Vipin Chandra Sati, in April 2025.
Here's a breakdown of the shareholding pattern over the years:
Note that the number of shareholders has decreased over the years, from 84,726 in March 2017 to 84,627 in September 2025.
Shareholding Pattern
The shareholding pattern of a company is a crucial aspect of its governance and financial stability. The data shows that the promoters hold a constant 45.43% of the shareholding from March 2017 to September 2025.
The number of shareholders has fluctuated over the years, with a high of 88,280 in March 2023 and a low of 77,536 in March 2018. The public shareholding has also seen some variations, ranging from 52.96% to 54.54%.
Here's a breakdown of the shareholding pattern in the company:
The FIIs have seen a significant increase in their shareholding, from 0.03% in March 2017 to 0.80% in March 2023. However, their shareholding has decreased to 0.79% in September 2025.
Change in Management
The company Reliance Industrial Infrastructure has made some significant changes in its management team. In June 2025, the company approved the appointment of BNP & Associates as the Secretarial Auditors for a term of 5 consecutive financial years.
This is a crucial step in ensuring the company's compliance with regulatory requirements and maintaining transparency in its operations. The Secretarial Auditors will review and verify the company's statutory compliance and internal controls.
The company has also seen a change in its directorate. Shri Vipin Chandra Sati was appointed as an Additional Director and Whole-time Director with effect from April 1, 2025. This move is expected to bring in fresh perspectives and expertise to the company's management team.
Shri Dilip V. Dherai stepped down from his position as Director of the company with effect from March 31, 2025, marking the end of an era. The company has thanked him for his services and contributions during his tenure.
The appointment of Shri Vipin Chandra Sati is a significant development in the company's governance structure. His profile has been attached to the announcement, providing more information about his background and qualifications.
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Financial Statements
Reliance Industrial Infrastructure has a 5-year average Return on Equity (ROE) of 2.75%, which is lower than its peers B.L. Kashyap and Son at 3.14% and GPT Infraprojects at 12.73%.

The company's 5-year average Equity Multiplier is 1.12, indicating that it has a relatively low level of debt compared to its equity. This is in contrast to B.L. Kashyap and Son, which has a 5-year average Equity Multiplier of 3.02.
Here are the company's key financial metrics:
The company's 5-year average Net Profit Margin is 20.7%, which is higher than its peers.
Profit & Loss
The profit and loss statement is a crucial part of a company's financial statements, and it's essential to understand how it works. It shows the company's revenues and expenses over a specific period, which helps investors and analysts gauge its financial health.
Sales have been steadily decreasing over the past 10 years, with a 10-year compounded growth rate of -6%. This decline is evident in the sales figures, which have dropped from 71 in Mar 2009 to 49 in Mar 2024.
Expenses have also increased over the years, with a 10-year average of 61. This has put pressure on the company's profit margins, making it challenging to maintain a healthy profit.
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The operating profit margin (OPM) has been declining steadily, from 47% in Mar 2009 to -11% in Mar 2024. This means that for every rupee earned, the company is now losing 11 paise.
Other income has been a bright spot, with a 10-year average of 23. However, this has not been enough to offset the decline in sales and operating profits.
Here's a summary of the company's profit and loss statement:
The net profit has been declining over the years, from 45 in Mar 2009 to 12 in Mar 2024. This has resulted in a lower earnings per share (EPS) of 8.01 in Mar 2024, down from 29.77 in Mar 2009.
The company's dividend payout percentage has also been increasing, from 12% in Mar 2009 to 54% in Mar 2021. This indicates that the company is distributing a larger portion of its profits to shareholders.
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Balance Sheet
A balance sheet is a snapshot of a company's financial situation at a specific point in time. It's like taking a photo of your bank account and assets to get a clear picture of your financial health.
The balance sheet is divided into two main parts: assets and liabilities. Assets are the things a company owns, such as cash, investments, and equipment. Liabilities are the debts a company owes, like loans and credit card balances. The total value of assets must equal the total value of liabilities, which is why it's called a balance sheet.
Let's take a look at some specific numbers from Reliance Indl. Infra's balance sheet. Their equity capital has remained steady at 15 over the years, while their reserves have increased from 174 in Mar 2009 to 456 in Mar 2024.
Here's a breakdown of Reliance Indl. Infra's balance sheet over the years:
As you can see, Reliance Indl. Infra's reserves have grown significantly over the years, indicating a strong financial position.
Statement on Audit Qualification
A statement on audit qualification is a written declaration by the auditor expressing their opinion on the fairness and accuracy of the financial statements. This statement is a crucial part of the audit report, and it's usually issued after a thorough examination of the company's financial records.
The auditor may qualify their opinion if they find any material weaknesses or inconsistencies in the financial statements. For instance, if the auditor discovers that a company has failed to account for a significant transaction, they may express a qualified opinion.
A qualified opinion is not the same as an adverse opinion, which is issued when the auditor believes the financial statements are materially misstated. In a qualified opinion, the auditor is simply expressing doubt about a specific aspect of the financial statements.
The auditor's statement on audit qualification is usually accompanied by a description of the reasons for the qualification. This helps users of the financial statements, such as investors and creditors, understand the limitations of the financial information presented.
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Business and Operations
Reliance Industrial Infrastructure offers a range of business and operational tools, including 5 portfolio accounts and 10 watchlists, allowing investors to track and manage their investments with ease.
With unlimited alerts, you'll never miss a key update or change in the market.
The platform provides in-depth comparison of financials, including reverse DCF, to help investors make informed decisions.
Here are some key operational metrics available on the platform:
You can also access source links and use the stock screener with unlimited queries to filter and analyze data.
The platform offers unlimited filter queries, allowing you to narrow down your search and find the exact information you need.
Shareholder Meetings and Outcomes
Reliance Industrial Infrastructure has a history of holding annual general meetings, with the Thirty-seventh Annual General Meeting taking place on June 26, 2025.
The company has also held postal ballots, with a scrutinizer's report submitted to the Exchange regarding the Thirty-seventh Annual General Meeting.
The Board of Directors has considered and approved the appointment of Shri Vipin Chandra Sati as an Additional Director and Whole-time Director of the Company, effective April 1, 2025.
The company has also recommended a dividend of Rs. 3.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2025, and has submitted audited Consolidated and Standalone financial results for the quarter and year ended March 31, 2025.
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Shareholder Meeting / Postal Ballot – Scrutinizer's Report

Reliance Industrial Infrastructure Limited has submitted the Consolidated Scrutinizer's Report for the Thirty-seventh Annual General Meeting held on Thursday, June 26, 2025.
The report is a crucial document that outlines the results of the shareholder meeting, including the resolutions passed and the voting outcomes.
Reliance Industrial Infrastructure Limited has also submitted the gist of the proceedings of the Thirty-seventh Annual General Meeting, which was held on the same day.
The advertisement for the shareholder meeting was published in newspapers on June 2, 2025, specifically in the Financial Express (English) and Navshakti (Marathi).
Notice of the Thirty-seventh Annual General Meeting and the Annual Report for the Financial Year 2024-25, are attached, giving shareholders a comprehensive overview of the company's performance.
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Board Approves Dividend
The Board of Directors of Reliance Industrial Infrastructure approved a dividend of Rs. 3.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2025.
The meeting of the Board of Directors commenced at 2:15 p.m. and concluded at 5:30 p.m.
The company has recommended a dividend of Rs. 3.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2025.
Annual Reports and Compliance

Reliance Industrial Infrastructure has submitted the Consolidated Scrutinizer's Report for its Thirty-seventh Annual General Meeting held on June 26, 2025.
The company has also attached the Notice of the Thirty-seventh Annual General Meeting and the Annual Report for the Financial Year 2024-25.
Reliance Industrial Infrastructure has obtained a Secretarial Compliance Report issued by Shashikala Rao & Co., Company Secretaries, for the financial year ended March 31, 2025, as required by Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Annual Report
Annual reports are a crucial part of a company's compliance, and they're usually attached to a notice of the annual general meeting.
Regulatory bodies require companies to submit their annual reports, as seen in the Reliance Industrial Infrastructure's 34 (1) Annual Report.
The annual report typically covers the financial year, which in this case is 2024-25.
Companies like Reliance Industrial Infrastructure make their annual reports publicly available, often through attachments like the one mentioned in the notice.
Annual Secretarial Compliance
Annual Secretarial Compliance is a crucial aspect of a company's annual report.
Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 requires companies to submit a Secretarial Compliance Report.
This report is issued by a practicing company secretary, in this case, Shashikala Rao & Co.
The report covers the company's compliance with various regulatory requirements for the financial year ended March 31, 2025.
Board Meetings and Decisions
The Board of Directors of Reliance Industrial Infrastructure has been making some significant decisions recently. The Board has a meeting that commences at 2:15 p.m. and concluded at 5:30 p.m.
One of the notable decisions made by the Board is the approval of a dividend of Rs. 3.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2025.
The meeting of the Board of Directors was held on March 26, 2025, where they considered and approved the appointment of Shri Vipin Chandra Sati as an Additional Director and Whole-time Director of the Company with effect from April 1, 2025.

Shri Vipin Chandra Sati's brief profile is attached, providing more information about his background and qualifications. Stepping down of Shri Dilip V. Dherai from the position of Director of the Company with effect from end of the day on March 31, 2025, was also approved by the Board.
A letter received from Shri Dilip V. Dherai is attached, which provides more context about his decision to step down.
Financial Filings and Disclosures
Reliance Industrial Infrastructure makes its financial filings and disclosures available through Integrated Filing - Financials, where you can find Related Party Transactions submitted by the Company for quarter ended March 2025 and thereafter.
The company's financials can be accessed through various channels, including Integrated Filing (Financial) for the quarter and nine months ended December 31, 2024, and Media Release of Unaudited Financial Results for the quarter and half year ended September 30, 2025.
You can find the company's operational metrics, IT, and financials in a detailed table, including:
The company's shareholdings also provide valuable information, including Promoter Holding, Share Pledged by Promoters, and Change in Promoter Holding (3 Yrs), which are as follows:
- Promoter Holding: 45.43% (Reliance Indl. Infra), 61.69% (B.L. Kashyap and Son), 69.22% (GPT Infraprojects)
- Share Pledged by Promoters: 0.0% (Reliance Indl. Infra), 99.39% (B.L. Kashyap and Son), 50.88% (GPT Infraprojects)
- Change in Promoter Holding (3 Yrs): 0.0% (Reliance Indl. Infra), 0.14% (B.L. Kashyap and Son), -5.78% (GPT Infraprojects)
Regulatory and Compliance
Reliance Industrial Infrastructure is committed to adhering to regulatory requirements.
The company has obtained a Secretarial Compliance Report from Shashikala Rao & Co., Company Secretaries, for the financial year ended March 31, 2025.
This report is issued in accordance with Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has met the necessary compliance requirements.
Frequently Asked Questions
What does Reliance Industrial infrastructure do?
Reliance Industrial Infrastructure provides pipeline transportation services for petroleum products, natural gas, and raw water, as well as other infrastructure support services. They play a crucial role in the logistics and infrastructure of various industries.
Is Reliance Infra good to buy?
We don't recommend buying Reliance Infra due to its poor sales growth and low return on equity, which may indicate underlying financial issues. However, the company's contingent liabilities are substantial, making it essential to carefully review its financials before making an investment decision.
Who belongs to the company Riil?
Reliance Industrial Infrastructure Limited (Riil) is a part of the Reliance Group. It is a subsidiary of the well-established Reliance Group of companies.
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