Reliance Industries Limited (RIL) issued a formal statement on March 26, 2026, forcefully rejecting recent media reports suggesting the company was involved in purchasing crude oil of Iranian origin. RIL declared these claims to be entirely baseless, factually incorrect, and misleading. The company urged media outlets to verify facts thoroughly before dissemination to prevent misinformation among stakeholders and the public.
Official Denial of Allegations
Reliance Industries Limited (RIL) published a statement on March 26, 2026, addressing recent media coverage concerning its procurement activities. The core of the announcement is a categorical rejection of allegations that the company has been purchasing crude oil originating from Iran.
The Company explicitly asserted that these media claims are entirely baseless, factually incorrect, and misleading. This strong stance aims to clarify the record for all stakeholders and the wider public immediately following the circulation of the unverified reports.
Call for Media Responsibility
In the communication directed to the stock exchanges (BSE and NSE), RIL issued a direct appeal to all media outlets. The company urged reporters and publishers to exercise diligence by verifying facts thoroughly before publication. Furthermore, RIL requested that media refrain from disseminating unsubstantiated reports that hold the potential to misinform the market and the public.
Regulatory Filing Details
The statement was authorized by Savithri Parekh, Company Secretary and Compliance Officer, and was duly filed with both the BSE Limited (Scrip Code: 500325) and the National Stock Exchange of India Limited (Trading Symbol: RELIANCE). The filing was made concurrently to ensure full compliance and immediate dissemination of the denial.
Source: BSE
