Reliable Data Services has confirmed that its shareholding remains free of any encumbrances for the financial year ended March 31, 2026. The disclosure, addressed to the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited, confirms that neither the company nor persons acting in concert have encumbered shares directly or indirectly during the specified period. This confirmation is significant for shareholders as it assures the absence of pledged holdings that could impact ownership stability or trigger regulatory actions.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires acquirers to disclose any encumbrance on shares held by them or persons acting in concert. The filing ensures transparency regarding the financial leverage against the company's equity, which is a critical factor for investors assessing the risk profile of the entity.

The document was submitted on April 10, 2026, and signed by Anisha Kumari, Company Secretary and Compliance Officer. The confirmation covers the status as of March 2026. The ISIN for the security is INE375Y01018, and it trades under the symbol RELIABLE on the NSE.

Key Disclosure Details

Reliable Data Services Limited addressed fines levied by the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board, in a meeting held on May 30, 2026, clarified that the delay in appointing a woman director was not wilful but resulted from issues identified during the due diligence process of prospective candidates. The company has since appointed Mrs. Bhoomika Aditya Gupta (DIN: 02630074) as an Independent Director effective February 14, 2026, restoring compliance.

Board Comments and Compliance Timeline

The Board noted that the company had initiated timely steps to fill the casual vacancy and kept the exchanges informed. At a meeting on November 14, 2025, the Board deliberated on the appointment but deferred the decision due to concerns arising during due diligence. Subsequently, on February 14, 2026, the Board approved the appointment of Mrs. Bhoomika Aditya Gupta. The company has paid the applicable fines and submitted waiver applications to both exchanges via the NEAPS portal.

Regulatory Penalties and Waiver

The exchanges imposed fines for the quarter ended December 2025. The NSE levied a total fine of ₹47,200, including GST, while the BSE levied a similar amount. The penalties related to the failure to maintain the required Board composition. The company emphasized its commitment to corporate governance and advised management to ensure strict compliance going forward.