Reliable Data Services Limited held its 25th Annual General Meeting on September 29, 2026, via Video Conferencing and Other Audio Visual Means. The meeting commenced at 4:00 pm and concluded at 4:45 pm, with all agenda items passed by requisite majority.

The Chairman informed shareholders that the Auditor's Report for the consolidated and standalone financial statements for the fiscal year ended March 31, 2026, contained no qualifications or adverse remarks. This clean audit opinion supports the adoption of the audited accounts as an ordinary resolution.

Director reappointments and governance

Mr. Sandeep Kumar Jha was reappointed as a director in place of himself, having retired by rotation. Additionally, a special resolution was passed for the reappointment of Mrs. Puja Kumari as an Independent Director following the expiry of her term.

Meeting attendance details

Voting and procedural compliance

The meeting was conducted in compliance with SEBI and MCA circulars regarding virtual meetings. NSDL provided the facility for remote e-voting and e-voting during the AGM. Ms. Neha Mehra, Proprietor of Neha Mehra & Associates, served as the Scrutinizer to ensure a fair voting process. Results are expected to be declared within two working days.

Reliable Data Services board has approved a fundraising plan of up to ₹200 crore through one or more instruments, including a preferential issue, qualified institutional placement (QIP), or rights issue. The decision was taken at the company's third board meeting for FY27 held on September 21, 2026.

Fundraising details

The board's approval opens multiple avenues for the company to raise capital. The three routes under consideration are outlined below:

The total fundraising is capped at ₹200 crore across one or a combination of these instruments. The funds will be utilized for various upcoming projects, upgradation and expansion of existing projects, and enhancement of working capital requirements.

The proposed issuance may involve equity shares, equity-linked securities, warrants, or any other eligible securities. The specific size, mode, issue price, number and nature of securities, terms and conditions, and other related matters will be determined by the board or authorized committees at an appropriate stage. This process is subject to statutory and regulatory approvals, including those from the Securities and Exchange Board of India (SEBI) under the Issue of Capital and Disclosure Requirements Regulations, 2018, and the Listing Obligations and Disclosure Requirements Regulations, 2015.

Shareholder approval

The board also approved the draft notice for a postal ballot to seek shareholder approval for the proposed fundraising and incidental matters. The company will conduct the postal ballot process in accordance with the Companies Act, 2013, SEBI regulations, and other applicable laws.