6. Part E: Governance.

Aditya Birla Fashion and Retail Ltd. (ABFRL)

o Independent Directors of Company:

INDEPENDENT DIRECTOR: BHARAT PATEL

INDEPENDENT DIRECTOR: SUKANYA KRIPALU

DIRECTOR: SUSHIL AGARWAL

COMPANY SECRETARY: GEETIKA ANAND

INDEPENDENT DIRECTOR: ARUN KUMAR THIAGARAJAN

INDEPENDENT DIRECTOR: SANJEEB CHAUDHURI

MANAGING DIRECTOR: ASHISH DIKSHIT

DIRECTOR: PRANAB BARUA

AUDITOR: S R B C & CO LLP

IND NAME: TEXTILES - PRODUCTS

HOUSE NAME: BIRLA AV

o Governance philosophy of the company:

The Aditya Birla Group is one of the pioneers in the field of corporate
governance. As a part of the Group, ABFRL is committed to continuously adopt
and adhere to the best governance practices, to achieve the ultimate goal of
making the Company a value-driven organisation.  They belong to a Group whose
visionary founders laid the foundation stone for good governance  long back and
made it an integral principle of the business.  Key element of your Company’s
success includes adherence to the strong set of the Group values - Integrity,
Commitment, Passion, Seamlessness and Speed.  For being successful they feel it
requires highest standards of corporate behaviour towards everyone we work
with, the communities we touch and the environment on which we have an
impact. For their better future and employee benefits they have developed various policies
like,

1. HUMAN RIGHTS POLICY

2. TAX POLICY
3. POLICY ON PRESERVATION OF DOCUMENT
4. NOMINATION POLICY
5. EXECUTIVE REMUNERATION POLICY
6. CORPORATE SOCIAL RESPONSIBILITY POLICY
7. RELATED PARTY TRANSACTION POLICY
8. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS
9. POLICY FOR DETERMINING MATERIAL SUBSIDIARY
10. TERMS & CONDITIONS OF APPOINTMENT OF INDEPENDENT DIRECTORS
11. ANTI FRAUD POLICY
12. DIVIDEND DISTRIBUTION POLICY
13. POLICY FOR ARCHIVAL OF DOCUMENTS
14. POLICY FOR DETERMINATION OF MATERIALITY OF INFORMATION OR
EVENT
15. POLICY ON PREVENTION OF SEXUAL HARRASMENT AT WORK PLACE.

Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the
consolidation of the branded apparel businesses of  Aditya Birla
Group   comprising ABNL's Madura Fashion division and ABNL's
subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion &
Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed
Aditya Birla Fashion and Retail Ltd.
ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion India.
multinational, in the league of Fortune 500. Anchored by an extraordinary
 force of over 120,000 employees, belonging to 42 nationalities, the
Aditya Birla Group operates in 34 countries across the glob e .

o CRISIL Rating:

TYPE OF INSTRUMENT AMOUNT CRISIL LIMITED ICRA LIMITED INDIA

ISSUES BY / (IN ₹ RATINGS &
ON BEHALF OF THE CRORE) RESEARCH
COMPANY
CREDIT RATING
TOTAL BANK LOAN http://www.ab http://www.ab http://www.a
FACILITIES 1,250 frl.com/docs/s frl.com/docs/s bfrl.com/
hareholders/cr hareholders/cr
edit_rating/Cri edit_rating/ICR
sil_Bank-Loan- A_Bank-
Facilities_1250 Loan.pdf
-Cr.pdf
NCDS SERIES 5 - 2018 300 http://www.ab http://www.ab http://www.a
frl.com/docs/s frl.com/docs/s bfrl.com/
hareholders/cr hareholders/cr
edit_rating/Cri edit_rating/ICR
sil_NCDs_400- A_All-NCDs.pdf
Cr_Series-3.pdf
NCDS SERIES 6 - 2019 500 http://www.ab http://www.ab http://www.a
frl.com/docs/s frl.com/ bfrl.com/
hareholders/cr
edit_rating/Cri
sil_NCDs_300-
Cr_Series-5.pdf
—
NCDS SERIES 7 - 2020 325 http://www.ab — http://www.a
frl.com/docs/s bfrl.com/
hareholders/cr
edit_rating/Cri
sil_NCDs_300-
Cr_Series-5.pdf
COMMERCIAL PAPER 2,000 http://www.ab http://www.ab http://www.a
frl.com/docs/s frl.com/docs/s bfrl.com/
hareholders/cr hareholders/cr
edit_rating/Cri edit_rating/ICR
sil_CP_1250- A_CP.pdf
Cr.pdf
OVERALL RATING - http://www.ab http://www.ab
frl.com/docs/s frl.com/
hareholders/cr
edit_rating/Cri
sil_NCDs_300-
Cr_Series-5.pdf
 o Standard & Poor’s Governance score:

ABFRL score was reflection of its virtue of vision, continuous efforts, commitment and
efficient sustainability work in the areas of the corporate governance & economic,
environmental, and social dimensions. Aditya Birla Fashion and Retail Limited (ABFRL),
the powerhouse of fashion and retail sector is positioned as Asia’s `Most Sustainable
Company’ and globally ranked 8th in the Textiles, Apparel & Luxury goods Industry for
its Environmental, Social and Governance (ESG) performance in the 2020 edition of S&P
Global Corporate Sustainability Assessment. The CSA methodology is used, among
others, to select the companies for the Dow Jones Sustainability Indices (DJSI).

Commenting on the occasion, Mr. Ashish Dikshit, Managing Director of ABFRL said,
“We are delighted that ABFRL has been positioned first in Asia and 8th Globally in
Textiles, Apparel & Luxury Industry category based on S&P Global Corporate
Sustainability Assessment 2020. These rankings reflect our commitment towards
enhancing economic, governance, social, and environmental initiatives at ABFRL. Over
the past decade, ABFRL has been a pioneer in driving sustainability to the forefront of the
Fashion and Retail Industry. As a responsible Organisation, we aim to provide thought
leadership and accelerate the sustainability drive in the industry.” Mr. Edoardo Gai,
Managing Director, SAM a part of S&P Global said, “We congratulate Aditya Birla
Fashion and Retail Limited for achieving the highest score of all Asian companies in the
Textiles, Apparel and Luxury Goods Industry and a global industry rank of eight, based on
the Corporate Sustainability Assessment (CSA) 2020. This is a reflection of being a
sustainability leader in your industry. With a record number of companies participating in
the 2020 Corporate Sustainability Assessment, this sets your company apart and rewards
your continued commitment to people and planet."

The information contained in this electronic communication is intended solely for the
individual(s) or entity to which it is addressed. It may contain proprietary, confidential
and/or legally privileged information. Any review, retransmission, dissemination, printing,
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o Awards won:
 Year @ 2020:

 Aditya Birla Fashion and Retail Limited recognized as one of India’s Best
Workplaces in Retail in 2021
 ABFRL's Newsletter, "InTouch" won the third prize for Best Newsletter
(English) at The Public Relations Society of India (PRSI) National Awards
2020.
 ABFRL won the third prize for Best Communication Campaign (Internal)
at The Public Relations Society of India (PRSI) National Awards 2020.
 ABFRL won the second prize for Public Relations in Action for Jaypore’s
Artisan Direct Campaign at The Public Relations Society of India (PRSI)
National Awards 2020.
 ABFRL wins the Golden Peacock Award for Sustainability 2020 in the
Textile and Apparel Sector
 BW Business World’s recognizes ABFRL as one of “India’s most
Sustainable Companies 2020”.
 S&P Global CSA 2020 announces ABFRL as Asia’s `Most Sustainable
Company’ in Textile, Apparel & Luxury Goods Industry”.
 ABFRL received the CII-ITC Sustainability Award 2020 for “Outstanding
Accomplishment in Corporate Excellence”.
 Louis Philippe awarded the ‘Best Men’s Formal Wear Brand’ at the
Myntra Tech Threads, 2019.
 Pantaloons recognized as the “Most Trusted Fashion Retailer” by Brand
Equity Most Trusted Brands - Retailers 2020.
 Pantaloons awarded Silver for “Best Use of Entertainment Channel - The
Style Stage of Swaggers” at Exchange4Media Primetime Awards 2020.
 Pantaloons awarded “Best use of Analytics - Mission Happiness” by
Aditya Birla Group at its Mission Happiness Meet 2020.
 Pantaloons received the “Segment Of One Marketing Silver Award” by
Aditya Birla Group at its Customer Centricity Conference 2020.
 Pantaloons’ Ryan Fernandes awarded “50 Most Influential eCommerce
Professional” by CMO Asia at Asia Retail Congress 2020.

 Year@ 2019:

 Pantaloons won “The Social Media Campaign of the Year 2019 - Girls,
#MakeYourMove” at The National Awards for Marketing Excellence.
 Pantaloons won two awards by Inkspell, Masters of Modern Marketing in
2019
o "The Best Direct marketing campaign for its Trip Down Memory Lane
Campaign”
o The Best ATL Campaign - Pujo” by a Retail enterprise
 Pantaloons awarded “The Best Loyalty Program Fashion & Beauty
(Greencard)” by Marketing Magazine APAC at The Loyalty & Engagement
Awards 2019.
 Pantaloons awarded Silver for its Direct Marketing campaign “It’s not
always about discounts & offers – Goa Cruise” by The Advertising Club,
Bangalore at the Big Bang Awards 2019
 Pantaloons won big in the Customer Loyalty Awards by Kamikaze. It won
the ‘Best use of Direct Marketing in Loyalty Program’ Award.
 Pantaloons was awarded Merit Certificate In the Visual Merchandising and
Retail Awards for ‘Best Window Display – Festivals and EOSS - Kids
Festive Fun’.
 Simon Carter won the ‘IMAGES Most Admired Fashion Design Concept
of the Year, Store Design’ at the 20th Annual IMAGES Fashion Awards.
 Skult won the Best eRetail Startup of the Year in the Apparel category at
the Indian Retail & eRetail Congress 2019
 ABFRL's Internal Magazine "InTouch" awarded with Silver at the Fulcrum
Award for the Best Use of Internal Communications 2019.
 ABFRL's Newsletter, "InTouch" won the first prize for Best Newsletter
(English) at The Public Relations Society of India (PRSI) National Awards
2019.
 ABFRL's Newsletter, "InTouch" received the Crystal Award for Best
Digital Newsletter at the Public Relations Council of India (PRCI)
Excellence Awards 2019.
 ABFRL’s Internal Newsletter, “InTouch” awarded the Best Internal
Publication at the CORP COM & PR Excellence Awards 2019.
 ABFRL received two Awards from Frost & Sullivan and TERI at
Sustainability 4.0 Awards 2019
o Sustainable Corporate of the Year
o Merit in Micro Manufacturing Initiative
 ABFRL won the 6th Indian Green Building Council (IGBC) Green
Champion Award under the 'Pioneer in large scale adoption of green
buildings in Industrial sector' category.
 ABFRL is awarded with the ‘Platinum Standard’ for the Attibele (LBRD)
Warehouse, rated by CII for its ‘Green Building Mission’.
 ABFRL secured 8th position globally in the Dow Jones Sustainability
Indices (SAM Corporate Sustainability Assessment) in the Textile,
Apparel and Luxury Goods Sector. The SAM CSA methodology is used,
among others, to select companies for the Dow Jones Sustainability
Indices (DJSI).
 ABFRL won two Golden Globe Tigers Awards 2019 in the following
categories:
o Best Sustainability Report
o Excellence in CSR Leadership
 ABFRL won the ‘CSR Project of the Year Award’ for its Village
Development Project at the Corporate Social Responsibility Summit and
Awards 2019.
 ABFRL received the ‘CII SCALE (Supply Chain and Logistics Excellence)
National Award 2019’ in the Garments and Textiles category.
 ABFRL received the ‘Best IBP (Integrated Business Planning) Process’ in
the Apparel Industry at the ISCM Demand Planning Forecasting Awards
2019.
 ABFRL’s Quality Team from Madura Fashion & Lifestyle won two awards
at the NCQC 2019 Par Excellence Award for Shirt Packaging
Standardization Process
Excellence Award for its Quality app
 ABFRL received the ‘Unnatha Suraksha Puraskara’ by the National Safety
Council Karnataka Chapter 2019 for its factories – Crafted Clothing
Limited, Haritha Apparels Limited and Europa Garments Limited.
 ABFRL won the ‘Best Overall Performance Award 2019’ from Super Dry
for Madura Garments Exports.
 ABFRL won the ‘Retailer of the Year Award (Fashion & Lifestyle)’
conferred by ET Now Global Awards for Retail Excellence.

o Any action taken by SEBI / involvement in scams / insider trading

issues / other problems:

The latest disclosure under SEBI Prohibition of Insider Trading regulations was

made by ABFRL Employee Welfare Trust in Aditya Birla Fashion and Retail Ltd.
where Acquisition of 247,896 Equity Shares done at an average price of Rs.
167.5 was reported to the exchange on Feb. 26, 2021.
The latest disclosures under SEBI SAST (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 transaction was made by Flipkart Investments Pvt Ltd
in Aditya Birla Fashion and Retail Ltd. where Acquisition of 73,170,731 shares
done was reported to the exchange on Feb. 1, 2021.
Insider trades are disclosures under SEBI (Prohibition of Insider Trading)
Regulations, 2015 ([Regulation 7 (2) with 6(2)] made by corporate insiders:
promoters, officers, directors, employees and large sharing and buying.
 6. Part E: Governance.

Reliance Retail.

o Independent Directors of Company:

INDEPENDENT DIRECTOR: R.A. Mashelkar

INDEPENDENT DIRECTOR: Adil Zainulbhai

INDEPENDENT DIRECTOR: Mansingh L. Bhakta

COMPANY SECRETARY: Dipak C. Jain

INDEPENDENT DIRECTOR: Dharam Vir Kapur

INDEPENDENT DIRECTOR: Mahesh P. Modi

MANAGING DIRECTOR: Ashok Misra

DIRECTOR: Mr. Mukesh D. Ambani

AUDITOR: LLP S R B C & CO LLP

IND NAME: TEXTILES - PRODUCTS

HOUSE NAME: Reliance retails

o Governance philosophy of the company:

"Between my past, the present and the future, there is one common factor: Relationship and
Trust. This is the foundation of our growth."
- Founder Chairman Shri Dhirubhai H. Ambani

In accordance with Clause 49 of the Listing Agreement with BSE Limited (BSE) and the
National Stock Exchange of India Limited (NSE), the report containing the details of
Corporate Governance systems and processes at Reliance Industries Limited is as follows:

At Reliance Industries Limited (RIL), Corporate Governance is all about maintaining a

valuable relationship and trust with all stakeholders. We consider stakeholders as partners in
our success, and we remain committed to maximising stakeholders' value, be it shareholders,
employees, suppliers, customers, investors, communities or policy makers. This approach to
value creation emanates from our belief that sound governance system, based on relationship
and trust, is integral to creating enduring value for all. We have a defined policy framework
for ethical conduct of businesses. We believe that any business conduct can be ethical only
when it rests on the six core values of Customer Value, Ownership Mindset, Respect,
Integrity, One Team and Excellence.

1. Code of Conduct
2. Code of Conduct for Prohibition of Insider Trading
3. Health, Safety and Environment (HSE) Policy
4. Vigil Mechanism and Whistle Blower Policy
5. Policy on Materiality of Related Party Transactions and on Dealing with Related
Party Transactions
6. Corporate Social Responsibility Policy
7. Policy for Selection of Directors and determining Directors Independence
8. Remuneration Policy for Directors, Key Managerial Personnel and other Employees
9. Policy for determining Material Subsidiaries

Corporate Governance encompasses a set of systems and practices to ensure that the
Company’s affairs are being managed in a manner which ensures accountability,
transparency and fairness in all transactions in the widest sense. The objective is to meet
stakeholders’ aspirations and societal expectations. Good governance practices stem from the
dynamic culture and positive mindset of the organisation. We are committed to meet the
aspirations of all our stakeholders. This is demonstrated in shareholder returns, high credit
ratings, governance processes and an entrepreneurial performance focused work
environment. Additionally, our customers have benefited from high quality products
delivered at extremely competitive prices. The essence of Corporate Governance lies in
promoting and maintaining integrity, transparency and accountability in the management’s
higher echelons. The demands of Corporate Governance require professionals to raise their
competence and capability levels to meet the expectations in managing the enterprise and its
resources effectively with the highest standards of ethics. It has thus become crucial to foster
and sustain a culture that integrates all components of good governance by carefully
balancing the complex inter-relationship among the Board of Directors, Audit Committee,
Finance, Compliance and Assurance teams, Auditors and the senior management. Our
employee satisfaction is reflected in the stability of our senior management, low attrition
across various levels and substantially higher productivity. Above all, we feel honoured to be
integral to India’s social development. Details of several such initiatives are available in the
Report on Corporate Social Responsibility.

o CRISIL Rating:
Rating Action
Rs.15000 Crore Commercial Paper CRISIL A1+ (Reaffirmed)
1 crore = 10 million
Refer to annexure for Details of Instruments & Bank Facilities

Detailed Rationale
CRISIL has reaffirmed its 'CRISIL A1+' rating on the commercial paper programme
of Reliance Retail Ventures Limited (RRVL).

RRVL is the parent entity of Reliance Retail Limited (RRL; 'CRISIL

AAA/Stable/CRISIL A1+'). Apart from RRL, it holds other retail ventures such as the
Genesis group, and via Reliance Brands - Hamleys, and joint ventures with several
luxury brands such as Tiffany, GAS and Bally. In its standalone capacity, RRVL also
provides supply chain management services for retail businesses. The CP programme
at RRVL is used mainly for meeting the working capital requirements of the company
and its subsidiaries. CRISIL combines the business and financial risk profiles of
RRVL and RRL as per its analytical approach.

On August 29, 2020, RRVL, announced its plan to acquire the retail and wholesale
distribution; along with the logistics and warehousing business of the Future Group.
This business shall be acquired as a going concern, on a slump sale basis for a
consideration of INR 24,713 crore, subject to adjustments as set-out in the composite
scheme of arrangement. The transaction is subject to receipt of shareholders, creditors
and regulatory approvals. Subsequently, Reliance Retail will also acquire a minority
stake in the residual business of the Future group.

CRISIL believes that the acquisition is positive for Reliance Retail. It shall result in
increased presence in metros and large cities, complementing Reliance Retail's
presence focused on tier 2/3 cities. Moreover, Reliance Retail's footprint in terms of
store space in grocery and fashion & lifestyle segments should more than double, with
the upshot of efficiencies of scale in procurement and distribution. The acquisition will
also add strong brands such as Big Bazaar and Easy day in groceries, and Central,
Brand Factory and FBB in fashion & lifestyle segment to RRVL's portfolio. Moreover,
the logistics and warehousing business shall also serve as a shot in the arm for RRVL's
e-commerce initiatives, viz. JioMart in groceries and AJIO in fashion & lifestyle.
ISIN Name of Date of Coupon Maturity Issue Complexity Rating
Instrument Allotment Rate (%) Date Size levels Assigned
 (Rs. Cr) with
Outlook
NA Commercial NA NA 7-365 days 15,000 Simple CRISIL
Paper A1+

  Current 2020 2019  2018 

Star 2017 
(History) t of
201
7
Instru Ty
Outsta Rati Date Rati Da Rati Da Rati Da Rati Rati
ment pe
nding ng ng te ng te ng te ng ng
Amoun
t
Comme ST  15000.0 CRI 14- CRI   --    --    --  -- 
rcial 0  SIL 08-20  SIL
Paper  A1+  A1+ 

Particulars Unit 2020 2019

Gross Revenue Rs. Cr. 162,936 130,566
Net Revenue Rs. Cr. 146,272 116,357
Profit After Tax Rs. Cr. 5,448 3,228
PAT/Gross Revenue % 3.3% 2.5%
Interest coverage Times 10.0 9.9
Reported Debt/Net Worth Times 0.2 0.9

o Standard & Poor’s Governance score:

Rating agency firm Standard and Poors (S&P) on Tuesday affirmed its BBB+ long-term
corporate credit rating on Reliance Industries Limited (RIL) with a stable outlook. S&P
Global Ratings affirmed its 'BBB+' long-term issuer credit rating on RIL and the 'BBB+'
long-term issue ratings on the company's outstanding debt. The stable outlook reflects our
expectation that RIL's strengthening cash flows amid disciplined spending will improve its
debt-to-EBITDA ratio toward 2.0x over the next 12-24 months, S&P Global Ratings said.
"We assume the company will primarily use proceeds from the 9.99% stake sale in Jio
Platforms for deleveraging," S&P said.

"We expect the operating performance of India-based Reliance Industries Ltd. (RIL) to
remain resilient over the next two years, driven by the company's prominent domestic market
position in the digital and retail segments," it said. S&P said RIL's disciplined financial
policy and sale of minority stake in the digital segment will be credit positive, assuming the
proceeds will be largely used to lower net debt. "We affirmed our rating on RIL with stable
outlook because we believe the company's leverage is poised to improve and stabilize over
the next 12-24 months owing to disciplined spending, asset monetization, and resilient
 earnings," the agency said. RIL will likely use proceeds from recent asset monetization to
lower debt. The company announced earlier this month that Facebook will take 9.99% stake
in Jio Platforms Ltd., RIL's wholly owned subsidiary. "We expect RIL to use the proceeds of
Indian rupee Rs 435.7 billion (US$5.7 billion) to reduce its net debt. We believe the
Facebook transaction will also enhance RIL's growth potential in the digital business," it said.
RIL will team up with Facebook to accelerate the launch of its JioMart e-commerce platform
on Facebook's WhatsApp application. RIL's earnings from the digital and retail segments will
likely grow at a 15% compounded annualized rate over the next three years. Separately, RIL
has in August 2019 received a non-binding letter of intent from Saudi Aramco (Aramco) for
acquiring 20% stake in RIL's oil-to-chemicals business.

"We have not assumed any potential asset monetization in our base case. However, we
believe the finalization of the Aramco deal would be credit positive for RIL, provided the
company largely uses the proceeds to lower its debt," S&P said. S&P expects RIL to continue
to follow a prudent financial policy in the current volatile market. After a peak in the
company's capital expenditure (capex) at Rs 936 billion in fiscal 2019, it estimate thes
company's capex declined to about Rs 630 billion in fiscal 2020.

o Awards won:

ENERGY AND WATER CONSERVATION/EFFICIENCY

 Awarded 'Excellent Energy Efficient Unit Award' at the CII National Energy
Efficiency Summit
HEALTH, SAFETY AND ENVIRONMENT

 Awarded as the 'HSE Company of the Year' at the Asia Oil & Gas Awards 2015,
organised by Oliver Kinross
 Awarded the 'Golden Peacock Environment Management Award' for the year 2014
 Won the 15th annual 'Greentech Environment Award' 2014
CSR

 Awarded the 'Corporate Social Responsibility Company of the Year' for the second
consecutive year in the Asia Oil & Gas Awards 2015, organised by Oliver Kinross
 Won the 'Best Corporate Social Responsibility Practices' Award and the 'Best use of
Corporate Social Responsibility practices in Manufacturing' Award at the 3rd Global CSR
Excellence and Leadership Conference of the
QUALITY

 Received the esteemed Golden Europe Award for Quality & Commercial Prestige at
the convention organised by Otherways Management & Consulting Association (OMAC)

Year@ 2019-20
 Reliance Retail received the Annapoorna Food Retailer of the Year Award 2019
conferred by Retailers Association of India (RAI) in association with Federation of Indian
Chamber of Commerce and Industry (FICCI).
 Reliance Retail featured in the Global 100 Top Retailers – the only Indian company to
do so.
 Reliance Retail has topped the list of 50 fastest growing retailers globally in Deloitte’s
Global Powers of Retailing Report, 2020.
 Marks & Spencer Reliance JV was recognised among the top 75 ‘Best Workplaces for
Women’ in India and highest ranked retailer in ‘India’s Best Companies to Work For’ as
per Great Places To Work (GPTW) Institute.
 Reliance Digital was selected as India’s only Electronics Retail Superbrand for 2019-
20 by The Superbrands Company
 ET Now Awards 2019 – Best use of Social Media Marketing for “Digital India Sale”.
 Indian Retail Awards 2019 – National Retailer of the Year by Franchise India
 Indian Retail Awards 2019 – CDIT & Electronics Retailer of the Year by Franchise
India.
 Reliance Retail received Golden Spoon Award at India Retail Forum by IMAGES
Group for
o Most Admired Category Performer of the Year across 3 categories.
o Most Admired Brand Retail Partnership of the Year for partnership with
Daawat and Parle.
 Reliance Fresh and Reliance SMART won 4 Awards at ET Now World Digital
Marketing Congress Global Digital Marketing Awards.
 Reliance Fresh and Reliance SMART won 3 Awards at ET NOW Global Awards for
Retail Excellence

Year@ 2018-19

 Project Eve was awarded the “Most admired retail launch” of the year by IMAGES
Retail Awards.
 Reliance Digital was awarded the ‘Most admired Consumer Electronics Retailer of
the Year’ at IMAGES Retail Awards 2018.
 Reliance Jewels received the Gem and Jewellery Trade Council of India (GJTCI)
Award for Innovative Marketing Campaign of the Year 2018.
 Reliance Digital won Gold for Grand Prix Award for the Most Admired Brand of the
Year and Silver for Excellence in Brand Awareness at the ACEF Asian Leadership Award
2018.
 Reliance SMART won ‘Rapid Expansion with SMART Hyper Model’ award at
IMAGES South India Retail Awards 2018
 o Any action taken by SEBI / involvement in scams / insider trading
issues / other problems:

Sebi bans Reliance Industries from equity derivative market for 1 year

The Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries Ltd
(RIL NSE 1.06 %), the country’s second most valued firm, and 12 other entities from dealing
in equity derivatives futures and options segment for a period of one year, directly or
indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum NSE 0.00 % in
2007.
he capital markets regulator has also directed RIL to disgorge Rs 447.27 crore along with
12% interest from November 29, 2007 onwards till the date of payment, within 45 days from
the date of the order.

Sebi has allowed RIL and the other entities to square off or close out their existing open
positions. Reacting to the decision, Reliance said it plans to challenge the order in the
Securities Appellate Tribunal. “Sebi appears to have misconstrued the true nature of the
transactions.