Anil vs Mukesh: Stage set for crucial board meeting

On the other hand, an RIL board member told The Indian Express that he had received an intimation from RIL seeking to know his convenience when a board meeting could be held. He said the company had asked him when he would be free for the board meeting, during the period between January 5 and January 20, 2005.

The board is also expected to consider the financial results for the quarter ending December 2004.

‘‘It is with great sadness and anguish that I have witnessed the events of the last 3 weeks. These developments have affected the image of our company and hurt the interests of our 30-lakh shareholders and all other stakeholders,’’ says Anil in his opening sentence.

‘‘Dhirubhai, to most of us, was not just the Chairman of the board, but more importantly a close personal friend, a confidante, a teacher, a guru and a guide. The father of the Indian capital markets, Dhirubhai wished, above all else, to maximise value for his first, last and only constituency — Dhirubhai’s real family of over 30 lakh shareholders,’’ he said.

Anil, in his letter dated December 6, 2004 has asked for a discussion on:

• The resignation of most esteemed M.L. Bhakta, one of the closest friends and associates of Dhirubhai Ambani,

• The letter dated December 4 received from the board of directors of Reliance Energy Ltd (REL) on matters concerning future prospects of REL and related issues,

• Matters concerning the Reliance Infocomm group of companies in which Reliance has invested over Rs 12,000 crore as per RIL balancesheet as on 31.3.2004.

Following Anil’s letter, Vinod Ambani, RIL Company Secretary has written to all the members of the board of directors seeking a suitable date for convening the meeting.