Reliable Ventures India Limited shareholders unanimously approved ten resolutions at their Extraordinary General Meeting held on October 14, 2026. The approvals include a complete restructuring of the Board of Directors and the relocation of the company's registered office.

The meeting, conducted via video conferencing, saw the appointment of Sivanag Vasireddy as Managing Director, Tirumalla Sai Navya as Independent Director, and Chennupati Sarath Kumar and Pradhip Kumar Gogula as Non-Executive Directors. These appointments were passed as special or ordinary resolutions with 100% of votes in favor.

Strategic Relocation and Governance Changes

A significant structural change approved was the shifting of the registered office from Madhya Pradesh to Telangana. This move requires a special resolution under the Companies Act, 2013, which was duly passed by the members present.

The board also secured shareholder approval for several financial powers:

• Increasing borrowing limits under Section 180(1)(c).
• Authorizing the creation of mortgages or charges on assets under Section 180(1)(a).
• Expanding limits for investments, loans, guarantees, and securities.
• Permitting loans and guarantees to entities where directors are interested, subject to Section 185 provisions.

What the Numbers Show

The voting results reveal a highly concentrated shareholder base with minimal public participation. Out of 4,541 shareholders on record, only 33 attended the meeting virtually. Notably, no shareholders voted against any of the ten resolutions, indicating either strong promoter alignment or low retail investor engagement in governance matters.

The total votes polled stood at 4,801,006, representing approximately 43.59% of the total outstanding shares. Promoters and promoter group accounted for 3,800,000 votes (63.80% of their holding), while public non-institutional investors cast 1,001,006 votes (19.79% of their holding). No institutional investors participated in the voting process.

Resolution Summary

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. The meeting concluded at 11:14 am, excluding the e-voting period.

Reliable Ventures India Limited has scheduled an Extraordinary General Meeting (EGM) for Wednesday, October 14, 2026, at 11:00 am via Video Conference/Other Audio-Visual Means (VC/OAVM). The meeting will address key strategic changes, including the relocation of the registered office from Madhya Pradesh to Telangana and the formal appointment of new board members.

The board approved the notice on September 21, 2026. Shareholders holding shares as of the cut-off date of October 7, 2026, are eligible to vote remotely through the e-voting facility provided by Central Depository Services (India) Limited (CDSL). The remote voting period opens on October 11, 2026, at 9:00 am and closes on October 13, 2026, at 5:00 pm.

Key Board Approvals

The agenda includes several special resolutions aimed at restructuring the company's administrative and operational framework following recent shareholding changes.

• Shifting Registered Office: Approval sought to move the registered office from Bhopal, Madhya Pradesh, to Hyderabad, Telangana. This move is intended to better align with the operations of Ancla Technology Solutions India Private Limited, one of the acquirers in the recent open offer.
• Director Appointments: Regularization of appointments for Mr. Sivanag Vasireddy as Managing Director, Ms. Tirumalla Sai Navya as Independent Director, and Mr. Chennupati Sarath Kumar and Mr. Pradhip Kumar Gogula as Non-Executive Directors.
• Borrowing Limits: Increase in borrowing limits under Section 180(1)(C) of the Companies Act, 2013, up to ₹100 crore for the standalone entity and ₹200 crore for the company along with its subsidiaries and associates.
• Investment Thresholds: Raising limits for investments, loans, and guarantees to corporate entities under Section 186, capped at ₹200 crore over and above statutory limits.
• Related Party Transactions: Authorization to provide loans or guarantees to entities where directors have interests, subject to Section 185 provisions and a cap of ₹200 crore.
• Object Clause Alteration: Expansion of the Memorandum of Association to include infrastructure development, real estate, manufacturing, leasing, and IT services.

EGM Logistics and Voting Details

The EGM will be held virtually in compliance with MCA and SEBI circulars allowing meetings through VC/OAVM. M/s. Aakanksha Dubey & Co., Practicing Company Secretaries, have been appointed as scrutinizers for the meeting.

Shareholders can cast their votes electronically via the CDSL e-voting portal at www.evotingindia.com . Individual shareholders holding securities in demat mode may also vote through their respective depository participant platforms (CDSL or NSDL).