Reliable Ventures India Limited has fixed July 31, 2026, as the identified date for its proposed open offer, determining eligibility for public shareholders to receive the Letter of Offer. The acquisition involves Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited purchasing up to 28,63,354 fully paid-up equity shares at a price of ₹21 per share. This transaction represents 26.00% of the voting share capital of the target company.

The update was communicated by Rarever Financial Advisors Private Limited, acting as the Manager to the Offer, in a filing with BSE Limited on July 30, 2026. The identified date is established in compliance with Regulation 18(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Its primary purpose is to ascertain the names of shareholders as on that specific date who are entitled to receive the formal Letter of Offer.

Offer Details

The open offer follows a Public Announcement dated June 02, 2026, a Detailed Public Statement published on June 09, 2026, and a Draft Letter of Offer dated June 16, 2026. The key parameters of the proposed acquisition are outlined below:

Shareholders holding equity shares of Reliable Ventures India Limited as on July 31, 2026, will be considered eligible to participate in the open offer. The Letter of Offer will be dispatched to these identified shareholders following this cut-off date.

Reliable Ventures India Ltd accepted the resignation of Mr. Sikandar Hafiz Khan as Managing Director and Director effective July 15, 2026, due to a change in management. The resignation was disclosed to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company acknowledged the resignation on the same date.

In a separate development, the company also accepted the resignations of three directors from its Board effective July 15, 2026. Sanober Bano resigned as a Director, while Guntupalli Siva Rama Krishna and Gopinathan Panchena stepped down as Independent Directors. Sanober Bano cited a change in management, whereas the independent directors resigned due to personal reasons. Consequently, Guntupalli Siva Rama Krishna and Gopinathan Panchena resigned from the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Resignation Details

The outgoing directors requested the company to complete all necessary statutory and regulatory compliances, including filings with the Registrar of Companies. Mr. Sikandar Hafiz Khan specifically requested a copy of the e-Form DIR-12 filed with the Registrar of Companies regarding his cessation. All directors confirmed there were no other material reasons for their resignations beyond those stated.