Reliance subsidiary liquidated, credit ratings reaffirmed

Reliance Industries Limited (RIL) announced the voluntary liquidation of its step-down wholly owned subsidiary, REC Systems (Thailand) Co., Ltd., effective October 29, 2025. This liquidation, conducted in accordance with the Thai Civil and Commercial Code, results in REC Systems (Thailand) Co., Ltd. ceasing to be a subsidiary of RIL as of that date. The subsidiary reported a turnover of Rs. 0.46 crore and a net worth of Rs. 0.78 crore in CY 2024, contributing 0.00005% and 0.00010% respectively to RIL’s consolidated turnover and net worth for the financial year 2024-25.

In a separate development, CRISIL Ratings Limited reaffirmed RIL’s credit ratings as of October 30, 2025. The non-convertible debentures and long-term bank loan facilities of RIL have been reaffirmed at 'CRISIL AAA/Stable'.

Additionally, the commercial paper and short-term bank loan facilities received a reaffirmation of 'CRISIL A1+'. These ratings reflect CRISIL's ongoing assessment of RIL's financial stability.