Reliable Ventures India Ltd

Promoter control transfer and reclassification

• SPA dated June 2, 2026 for 59,55,815 shares (54.08% voting) transfers control.
• Incoming Promoters acquired 59,54,012 sale shares by Sept 7, 2026; 1,803 shares in transfer.
• Incoming Promoters gained control; Outgoing Promoters ceased to be in control.
• Reclassification from promoter to public effective Sept 7, 2026 under Regulation 31A(10).
• Open Offer disclosures and compliance confirmed; Annexure A submitted.
• Incoming Promoter nominees appointed to Board on July 15, 2026; transfer dated Sept 7, 2026.
• Annexure A confirms Outgoing Promoters meet Reg 31A(3)(b) and (4) conditions.

Processing and compliance status

• Details of securities dematerialised during the period were furnished to all stock exchanges.
• Securities dematerialised/rematerialised have been listed on the relevant stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within timeline.

Resolutions and outcomes

• Resolution 1 (Special): Appoint Sivanag Vasireddy as Director and MD; approved 100% (8 votes). Promoter/Director interest: Yes.
• Resolution 2 (Special): Appoint Tirumalla Sai Navya as Independent Director; approved 100%. Promoter/Director interest: Yes.
• Resolution 3 (Ordinary): Appoint Chennupati Sarath Kumar as Non-Executive Director; approved 100%. Promoter/Director interest: Yes.
• Resolution 4 (Ordinary): Appoint Pradhip Kumar Gogula as Non-Executive Director; approved 100%. Promoter/Director interest: Yes.
• Resolution 5 (Special): Shift registered office to Telangana; approved 100%. Promoter/Director interest: Not specified.
• Resolution 6 (Special): Increase borrowing limits under 180(1)(c); approved 100%. Promoter/Director interest: Not specified.
• Resolution 7 (Special): Create mortgage/charge on assets for borrowings; approved 100%. Promoter/Director interest: Not specified.
• Resolution 8 (Special): Increase limits for investments/loans/guarantees; approved 100%. Promoter/Director interest: Not specified.
• Resolution 9 (Special): Loans/guarantees to entities with director interests; approved 100%. Interest: Directors' interests involved.
• Resolution 10 (Special): Alter Object Clause of MOA; approved 100%. Promoter/Director interest: Not specified.

Board changes

• MD appointment and four director appointments approved, expanding the board; promoter/director interest: Yes.
• Navya independent director appointed; two non-exec directors added.

Financial and governance impact

• No equity funds raised; no change in share capital disclosed.
• Borrowing powers increased; security/mortgage capabilities enabled.
• Registered office relocation approved.

EGM context

• 01st EGM for FY 2026-27 held Oct 14, 2026 via VC/OAVM; all resolutions approved.

Res 1: Director & MD

• Special; appoint Sivanag Vasireddy as Director and MD; passed.

Res 2: Independent Director

• Special; appoint Tirumalla Sai Navya as Director and Independent Director; passed.

Res 3: Non-Executive Director

• Ordinary; appoint Chennupati Sarath Kumar as Non-Executive Director; passed.

Res 4: Non-Executive Director

• Ordinary; appoint Pradhip Kumar Gogula as Non-Executive Director; passed.

Res 5: Office shift

• Special; shift registered office from Madhya Pradesh to Telangana; passed.

Res 6: Borrowing limits

• Special; increase borrowing limits under section 180(1)(c); passed.

Res 7: Mortgage/charge

• Special; approval for mortgage/charge on assets; passed.

Res 8: Investment/loan limits

• Special; raise limits for investments/loans/guarantees; passed.

Res 9: Transactions with related entities

• Special; provide loan/guarantee to entities where directors are interested; passed.

Res 10: MOA Object Clause

• Special; alter Object Clause of MOA; passed.

Reliable Ventures India Limited: Trading window closed from 01.10.2026 till 48 hours after the declaration of Financial Results for the Quarter and Half Year ending 30.09.2026

Purpose

• Special business items cover MD appointment, independent director, multiple director appointments, office shift, and funding powers.

Resolutions

• Special: Appoint Sivanag Vasireddy as Whole Time Director for 3 years from 15-Jul-2026; Rs 1.75 Lakh/month.
• Special: Appoint Tirumalla Sai Navya as Independent Director for 5 years from 15-Jul-2026; not liable to rotation.
• Ordinary: Appoint Chennupati Sarath Kumar as Non-Executive Director; retire by rotation.
• Ordinary: Appoint Pradhip Kumar Gogula as Non-Executive Director; retire by rotation.
• Special: Shift registered office from Madhya Pradesh to Telangana; amend MOA accordingly.
• Special: Increase borrowing limit to Rs 100 Cr (Company) and Rs 200 Cr (Group).
• Special: Authorise creation of mortgages/charges to secure borrowings up to Rs 100 Cr/200 Cr.
• Special: Increase investments/loans/guarantees to Rs 200 Cr, subject to law limits.
• Special: Approve loans/guarantees/security for entities with director interest up to Rs 200 Cr.
• Special: Alter MOA objects by replacing Clause 3(a)/(3b) with revised clauses.

Voting status

• Voting outcomes not disclosed in the notice.

Shareholding/Control impact

• MD appointment and multiple director appointments may affect governance; no promoter stake changes disclosed.

Use of funds/Objects

• Funds usage not specified; resolutions include general borrowing/investment powers for corporate growth.

Management changes

• MD and four new director appointments; shift office; revised object clause.

AGM extension approval

• ROC Gwalior approved a 3-month extension to hold the AGM for FY2025-26.
• Original AGM due date was 30 September 2026; new date will be communicated after Board finalizes.
• Accounting year ended 31 March 2026; extension granted due to circumstances preventing timely AGM.
• Application SRN AC5874362 filed on 07/09/2026; ROC granted exemption.
• Extension provides up to three months; company advised to improve compliance.

Key Decisions

• Relocation of registered office from Madhya Pradesh to Telangana approved.
• Borrowing limits under section 180(1)(C) of the Companies Act, 2013 increased.
• Limits for investments/loans/guarantees increased.
• Permission to loan or guarantee entities in which directors are interested under section 185.
• Alteration of Object Clause of Memorandum of Association.
• Approval of EGM notice for October 14, 2026 at 11:00 AM via video conference.
• Appointment of M/s. Aakanksha Dubey & Co. as Scrutiniser for EGM.

Acquisition details

• Target: Reliable Ventures India Limited.
• Acquirer and PAC: Vasireddy Sivanag.
• Acquirer promoter group: Yes.
• Listed on: Bombay Stock Exchange.
• Pre-acquisition holding: NIL for voting, encumbrances, VR.
• Shares acquired: 600,000 shares, 5.45% of total voting capital.
• Mode: Off-market.
• Date: 02.09.2026.
• Post-acquisition holding: 600,000 shares, 5.45%.
• Equity share capital before/after: 1,10,12,900 shares (no change).
• Total diluted share capital after: 1,10,12,900 shares.
• Salient features: Not Applicable.

Acquisition details

• Target: Reliable Ventures India Limited.
• Acquirer: Chennupati Sarath Kumar; promoter group; PACs: none.
• Stock exchange: Bombay Stock Exchange.
• Pre-acquisition holding: NIL.
• Post-acquisition holding: 3,200,000 shares, 29.05% of total voting capital.
• Mode of acquisition: Off-market.
• Date of acquisition: 01 Sep 2026 and 02 Sep 2026.
• Equity share capital before/after: 11,012,900 shares.