Reliance Industries Limited

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1 Name of the Company: Reliance Industries Limited Regd. Office: 3 rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai Sr. No. Particulars AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 st March 2009 (Rs. in crores, except per share data) Year Ended 31 st March (Audited) Turnover 146, ,269 Less: Excise Duty / Service Tax Recovered 4,481 5, Net Turnover 141, , a) (Increase) / decrease in stock in trade / work in progress b) Consumption of raw materials c) Purchases d) Staff cost e) Depreciation f) Other expenditure g) Total Expenditure (428) 102,288 2,205 2,398 5,195 11, ,359 1,867 90,304 6,008 2,119 4,847 9, , Profit from Operations before other income, interest and exceptional items 18,488 18, Other Income 2, Profit before interest and exceptional items 20,548 19, Interest and Finance Charges 1,745 1, Profit after interest but before exceptional items 18,803 18, Exceptional item (370) 4, Profit before tax 18,433 23, Provision for Current Tax [including Fringe Benefit tax] 1,263 2, Provision for Deferred Tax 1, Net Profit for the Period 15,309 19, Exceptional items (Net of Tax Expenses) (328) 4, Net Profit for the Period from ordinary activities 15,637 15, Paid up Equity Share Capital, Equity Shares of Rs. 10/ each. 1,574 1, Equity Share suspense [Refer Note 3] Reserves excluding revaluation reserves 112,945 77, Debenture Redemption Reserve Earnings per share (Face value of Rs. 10) Basic Diluted 96.8* 96.8* a) Gross Debt to Equity Ratio b) Debt Service Coverage Ratio c) Interest Service Coverage Ratio Dividend per Share (Refer note 4) Public shareholding [Excluding Equity Share Suspense and including Global Depository Receipts (GDR s)] 23. Number of Shares (in crores) Percentage of Shareholding (%) Promoters and Promoter Group shareholding a) Pledged / Encumbered Number of Shares (in crore) Percentage of Total Promoters and Promoter Group Shareholding (%) 24. Percentage of Total Share Capital of Company (%) b) Non Encumbered Number of Shares (in crore) Percentage of Total Promoters and Promoter Group Shareholding (%) Percentage of Total Share Capital of Company (%) * after considering allotment of shares to erstwhile RPL shareholders

2 Notes: 1. The figures for the corresponding periods have been restated, wherever necessary, to make them comparable. 2. Current year include figures of Reliance Petroleum Limited (RPL) which is amalgamated with the Company with effect from 1 st April, 2008 and are therefore to that extent not comparable with those of previous year. 3. Reliance Petroleum Limited (RPL), (the amalgamating company) engaged in setting up of integrated crude oil refinery facilities along with ancillary units in a Special Economic Zone, has been amalgamated with the Company. The Scheme of Amalgamation (the Scheme) was sanctioned by the Hon'ble High Court of Judicature at Bombay vide its Order dated 29 th June, 2009 and by Hon'ble High Court of Gujarat at Ahmedabad vide its Order dated 29 th July, The Scheme became effective on 11 th September, 2009, the appointed date of the Scheme being 1 st April, In accordance with the said Scheme and as per the approval of the Hon ble High Courts: (i) The assets, liabilities, rights and obligations of erstwhile RPL have been transferred to and vested with the Company with effect from 1 st April, 2008 and have been recorded at their respective fair values, under the purchase method of accounting for amalgamation. (ii) 6,92,52,623 Equity shares of Rs. 10/ each have been allotted on 30 th September, 2009 to the equity share holders of the amalgamating Company whose names were registered in the register of members on record date, without payment being received in cash. As at 31 st March 2009, pending allotment, the face value of these shares has been shown as Equity Share Suspense. (iii) 339,19,58,030 Equity shares of erstwhile RPL held by the Company (including 22,50,00,000 equity shares held by Chevron India Holding Pte Limited, Singapore subsequently purchased by the Company) have been cancelled. (iv) Excess of the fair value of net assets taken over by the Company over the paidup value of Equity Shares to be issued and allotted (as referred to under (ii) above) of Rs. 13, crore has been credited to Securities Premium Account.

3 Rs. 7, crore representing investments in RPL prior to Amalgamation and Rs crore being the stamp duty and other expenditure payable on Amalgamation is written off and charged to profit and loss account and an equivalent amount has been withdrawn from General Reserve and credited to the profit and loss account. Had the Scheme not prescribed this accounting treatment, the aggregate amount of Rs. 5, crore would have been credited to the Capital Reserve. (v) From the effective date the authorised share capital will stand increased to Rs. 6, crore consisting of 500,00,00,000 Equity Shares of Rs. 10 each and 100,00,00,000 Preference Shares of Rs. 10 each. 4. The Company has declared a dividend of Rs. 13/ per fully paidup equity share of Rs. 10/ each, aggregating to Rs. 2,219 crore (US$ 438 million), including dividend distribution tax. The Board has also considered dividend on the shares issued to the shareholders of erstwhile RPL. 5. During the year, the Company has allotted 12 crore equity shares of Rs. 10/ each, upon exercise of the rights attached to warrants issued on 12 th April 2007, consequently increasing the Equity Share Capital. 6. The Company had revalued plant, equipment and buildings situated at Patalganga, Hazira, Naroda and Jamnagar in earlier years. The Company has also revalued plant, equipment and buildings situated at Gandhar and Nagothane on 1 st January 2009 and the incremental value on revaluation amounting to Rs 12,901 crore (US$ 2,544 million) has been credited to Revaluation Reserve. Consequent to revaluation, there was an additional charge for depreciation of Rs. 1,987 crore (US$ 392 million) for the year ended 31 st March 2009 which has been withdrawn from the Reserves. This has no impact on the profit for the year. 7. The Company announced a Voluntary Separation Scheme (VSS) for the employees of Patalganga unit during the year. About 430 employees accepted the VSS offered by the Company. A sum of Rs. 111 crore has been paid during the year.

4 8. The Company has recognised Rs. 370 crore towards liabilities on account of corporate guarantees issued on behalf of a subsidiary, being an exceptional item. In the previous year, exceptional item of Rs. 4,733 crore represents gains primarily arising out of transactions concerning Reliance Petroleum Limited shares. 9. Provision for Current Tax for the year ended 31 st March 2009 includes provision for Fringe Benefit Tax of Rs. 57 crore (US$ 11.2 million). 10. The audit committee reviewed the above results. The Board of Directors at its meeting held on 7 th October, 2009 approved the above results and its release.

5 AUDITED STANDALONE SEGMENT INFORMATION FOR THE YEAR ENDED 31 st MARCH 2009 Rs. Crores Year Ended 31 st March Year Ended 31 st March Segment Revenue Petrochemicals 52,758 53,000 Refining 107, ,743 Oil and Gas 3,489 2,702 Others Gross Turnover (Turnover and Inter Divisional Transfers) 164, ,223 Less: Inter Segment Transfers 18,473 17,954 Turnover 146, ,269 Less: Excise Duty Recovered on Sales 4,481 5,826 Net Turnover 141, , Segment Results Petrochemicals 6,848 7,113 Refining 9,790 10,332 Oil and Gas 2,224 1,503 Others Total Segment Profit before Interest and Tax 18,900 18,988 (i) Interest Expense (1,745) (1,077) (ii) Interest Income 1, (iii) Other Unallocable Income Net of Expenditure 107 (296) (iv) Exceptional Item (370) 4,733 Profit before Tax 18,433 23,010 (i) Provision for Current Tax (1,263) (2,652) (ii) Provision for Deferred Tax (1,861) (900) Profit after Tax 15,309 19,458 Profit after Tax [excluding effect of exceptional item] 15,637 15, Capital Employed (Segment Assets Segment Liabilities) Petrochemicals 43,091 30,758 Refining 72,430 42,141 Oil and Gas 44,673 26,391 Others 6,522 6,447 Unallocated Corporate 43,288 20,064 Total Capital Employed 210, ,801

6 Notes to Standalone Segment Information for the Year Ended 31 st March As per Accounting Standard 17 on Segment Reporting (AS 17), the Company has reported "Segment Information", as described below: a) The petrochemicals segment includes production and marketing operations of petrochemical products namely, High and Low density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyester Yarn, Polyester Fibres, Purified Terephthalic Acid, Paraxylene, Ethylene Glycol, Olefins, Aromatics, Linear Alkyl Benzene, Butadiene, Acrylonitrile, Poly butyl Rubber, Caustic Soda and Polyethylene Terephthalate. b) The refining segment includes production and marketing operations of the petroleum products. c) The oil and gas segment includes exploration, development and production of crude oil and natural gas. d) The smaller business segments not separately reportable have been grouped under the others segment. This comprises of the following: Textile Retail business SEZ development e) Capital employed on other investments / assets and income from the same are considered under unallocable

7 AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 st March 2009 (Rs. in crores, except per share data) Sr. No. Particulars Year Ended 31 st March (Audited) Turnover 155, ,005 Less: Excise Duty / Service Tax Recovered 4,565 5, Net Turnover 151, , a) (Increase) / decrease in stock in trade / work in progress b) Consumption of raw materials c) Purchases d) Staff cost e) Depreciation f) Other expenditure g) Total Expenditure (2,270) 104,977 7,202 3,018 5,651 14, ,083 (1,534) 91,446 9,851 2,738 5,004 11, , Profit from Operations before other income, interest and exceptional items 18,141 18, Other Income 1,914 1, Profit before interest and exceptional items 20,055 19, Interest and Finance Charges 1,816 1, Profit after interest but before exceptional items 18,239 18, Exceptional item (370) 4, Profit before tax 17,869 23, Provision for Current Tax [including Fringe Benefit tax] 1,274 2, Provision for Deferred Tax 1, Net Profit after tax 14,950 19, Exceptional items (Net of Tax Expenses) (328) 4, Net Profit for the Period from ordinary activities before Minority Interest 15,278 15, Minority Interest 18 (2) 17. Net Profit for the Period from ordinary activities 15,296 15, Paid up Equity Share Capital, Equity Shares of Rs. 10/ each. 1,375 1, Equity Share suspense Reserves excluding revaluation reserves 107,583 81, Debenture Redemption Reserve Earnings per share (Face value of Rs. 10) Basic 108.2* Diluted a) Gross Debt to Equity Ratio b) Debt Service Coverage Ratio c) Interest Service Coverage Ratio Public shareholding [Excluding Equity Share Suspense and including Global Depository Receipts (GDR s)] Number of Shares (in crores) Percentage of Shareholding (%) Promoters and Promoter Group shareholding a) Pledged / Encumbered Number of Shares (in crore) Percentage of Total Promoters and Promoter Group Shareholding (%) Percentage of Total Share Capital of Company (%) b) Non Encumbered Number of Shares (in crore) Percentage of Total Promoters and Promoter Group Shareholding (%) Percentage of Total Share Capital of Company (%) * after considering allotment of shares to erstwhile RPL shareholders 108.2*

8 Notes on Consolidated Accounts: 1. The consolidated accounts have been prepared as per accounting Standard (AS) 21 on Consolidated Financial Statements and Accounting Standard (AS) 23 on Accounting for Investments in Associates in Consolidated Financial Statements notified in the Companies (Accounting Standards) Rules The consolidated financial results should be read in conjunction with the notes to the financial results for the year ended 31 st March, 2009.

9 AUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE YEAR ENDED 31 st MARCH 2009 Rs. Crores Year Ended 31 st March (Audited) Segment Revenue Petrochemicals 56,450 54,447 Refining 109, ,482 Oil and Gas 3,581 2,702 Others 4,437 2,327 Gross Turnover (Turnover and Inter Divisional Transfers) 174, ,958 Less: Inter Segment Transfers 18,565 17,953 Turnover 155, ,005 Less: Excise Duty Recovered on Sales 4,565 5,858 Net Turnover 151, , Segment Results Petrochemicals 6,947 7,163 Refining 9,770 10,373 Oil and Gas 2,131 1,520 Others (304) 125 Total Segment Profit before Interest and Tax 18,544 19,181 (i) Interest Expense (1,816) (1,086) (ii) Interest Income 1, (iii) Other Unallocable Income Net of Expenditure 79 (263) (iv) Exceptional Item (370) 4,733 Profit before Tax 17,869 23,011 (i) Provision for Current Tax 1,274 (2,622) (ii) Provision for Deferred Tax 1,645 (866) Profit after Tax 14,950 19,523 Profit after Tax [excluding effect of exceptional item] 15,278 15, Capital Employed (Segment Assets Segment Liabilities) Petrochemicals 45,635 31,924 Refining 71,929 62,309 Oil and Gas 44,629 26,281 Others 17,593 9,285 Unallocated Corporate 27,414 18,291 Total Capital Employed 207, ,090

10 Notes to Consolidated Segment Information for the Year Ended 31 st March As per Accounting Standard 17 on Segment Reporting (AS 17), the Company has reported "Segment Information", as described below: a) The petrochemicals segment includes production and marketing operations of petrochemical products namely, High and Low density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyester Yarn, Polyester Fibres, Purified Terephthalic Acid, Paraxylene, Ethylene Glycol, Olefins, Aromatics, Linear Alkyl Benzene, Butadiene, Acrylonitrile, Poly butyl Rubber, Caustic Soda and Polyethylene Terephthalate. b) The refining segment includes production and marketing operations of the petroleum products. c) The oil and gas segment includes exploration, development and production of crude oil and natural gas. d) The smaller business segments not separately reportable have been grouped under the others segment. This comprises of the following: Textile Retail business SEZ development e) Capital employed on other investments / assets and income from the same are considered under unallocable For Reliance Industries Limited Mukesh D Ambani Chairman & Managing Director 7 th October, 2009

Regd. Office: 3 rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai Phone: I Fax:

Regd. Office: 3 rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai 400 021 Phone: +91 22 2278 5000 I Fax: +91 22 2278 5110 E-mail: investor_relations@ril.com I Website: www.ril.com CIN : L17110MH1973PLC019786