A group of acquirers comprising Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited has announced an open offer to acquire up to 26% of the equity shares of Reliable Ventures India Limited . The offer price is fixed at ₹21.00 per share, aggregating to a maximum consideration of ₹6,01,30,434.00, payable in cash. This mandatory offer is triggered pursuant to Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The offer follows a Share Purchase Agreement executed on June 02, 2026, between the acquirers and the existing promoter sellers. Under this agreement, the acquirers will purchase 59,55,815 equity shares, representing 54.08% of the voting share capital, at a negotiated price of ₹21.00 per share. The total consideration for this direct acquisition amounts to ₹12,50,72,115.00. Upon completion of this transaction and the open offer, the acquirers will acquire control over the target company and become its promoters in accordance with SEBI (LODR) Regulations.

The acquirers currently hold no equity shares in the company. Post-transaction, assuming full acceptance of the open offer, the acquirers will collectively hold 80.08% of the voting share capital. Consequently, the public shareholding may fall below the minimum 25% requirement mandated by Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquirers and existing promoters have undertaken to ensure compliance with the minimum public shareholding requirements as prescribed by applicable law.

The selling promoter shareholders, including entities such as M/s Elegance Infratech Private Limited and M/s Reliable Global Venture Private Limited, will exit the company entirely upon completion of the offer formalities. They will transfer control and management to the acquirers and apply for re-classification from the 'Promoter and Promoter Group' categories. Rarever Financial Advisors Private Limited is acting as the Manager to the Offer.

The detailed public statement containing comprehensive information regarding the offer, including the background and statutory approvals, will be published in newspapers on or before June 09, 2026. The acquirers have confirmed they have no intention to delist the target company and have adequate financial resources to meet their obligations under the SEBI (SAST) Regulations. The offer is not subject to any minimum level of acceptance.

Offer Details

Reliable Ventures India Ltd reported a net loss of ₹88.58 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹0.15 lakh recorded in the previous year. The company’s financial performance was impacted by zero revenue from operations, which stood at ₹0.00 lakh for the year, down from ₹6.93 lakh in FY25. Total income for the period dropped to ₹31.09 lakh, compared to ₹154.64 lakh in the corresponding period last year.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026. The statutory auditors, J. Singh & Associates, issued an unmodified audit opinion on the results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee reviewed the results prior to the Board's approval.

Financial Performance

The company’s total expenses for FY26 amounted to ₹119.67 lakh, a decrease from ₹222.72 lakh in the previous year. Key expense components included depreciation of ₹72.44 lakh and employee benefit expenses of ₹2.34 lakh. Other expenses accounted for ₹42.89 lakh during the year. For the quarter ended March 31, 2026, the company reported a net loss of ₹22.10 lakh on a total income of ₹5.67 lakh.

Segment and Capital Structure

Reliable Ventures India Ltd operates a single reportable segment, Hospitality, in accordance with Indian Accounting Standards (Ind-AS 108). The paid-up equity share capital remained constant at ₹1,101.29 lakh, with a face value of ₹10 per share. The earnings per share (EPS) for the year stood at (₹0.68), compared to ₹0.15 in the previous year.

Balance Sheet Highlights

The company’s total assets as of March 31, 2026, stood at ₹3,427.47 lakh, slightly lower than ₹3,485.07 lakh in the previous year. Non-current assets were primarily composed of property, plant, and equipment valued at ₹1,713.51 lakh. Current assets included investments of ₹1,120.45 lakh and cash and cash equivalents of ₹157.63 lakh. Total equity and liabilities amounted to ₹3,427.47 lakh, with total equity recorded at ₹3,060.81 lakh.