Anil Ambani resigns from Reliance Naval and Engineering

Reliance Naval and Engineering Ltd (RNAVAL) on Saturday said Anil D Ambani has resigned as director of the company with immediate effect.

Ambani has resigned in compliance with provisions of Section 165 of the Companies Act, 2013, prescribing the limit on directorships to only 10 public companies, RNAVAL said in a regulatory filing.

RNAVAL operates the country's largest integrated shipbuilding facility. It has obtained a licence and contracts to build warships.