Acquirers Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited have initiated a mandatory open offer to acquire up to 28,63,354 fully paid-up equity shares, representing 26.00% of the voting capital of reliable ventures , at a price of ₹21 per share. The offer, triggered by a Share Purchase Agreement (SPA) dated June 02, 2026, for the acquisition of 59,55,815 shares representing 54.08% of the voting capital from existing promoters, aggregates to a total consideration of ₹6,01,30,434, assuming full acceptance.

The offer is being made pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rarever Financial Advisors Private Limited acts as the Manager to the Offer. The acquirers have deposited ₹6,01,30,434, representing 100% of the total consideration, into an escrow account with Axis Bank Limited. The offer is not conditional and is not subject to any minimum level of acceptance.

Offer Details

Background and Objectives

The open offer follows the execution of an SPA between the acquirers and the promoter sellers for the acquisition of 54.08% of the paid-up equity share capital of the target company. Upon completion of the underlying transaction and the open offer, assuming full acceptance, the acquirers will hold 88,19,169 equity shares, representing 80.08% of the voting share capital. The existing promoter sellers will exit the company and be reclassified from the promoter category.

The primary objective of the acquisition is to acquire substantial equity shares and voting capital accompanied by control over the target company. The acquirers intend to continue the existing business operations of the company. The target company, earlier engaged in the hospitality and tourism sector, currently has no operating business.

Key Dates and Schedule

The tentative schedule for the open offer activities is as follows:

• Offer Opening Date: July 31, 2026
• Offer Closing Date: August 13, 2026
• Last Date for Payment of Consideration: August 31, 2026
• Last Date for Post-Offer Public Announcement: September 07, 2026

The offer price of ₹21 per share was determined in accordance with Regulation 8(2) of the SEBI (SAST) Regulations, 2011, being the highest of the negotiated price under the SPA and the volume-weighted average market price for the 60 trading days preceding the public announcement. The acquirers have certified that they have adequate financial resources to meet the full obligations of the offer out of their own net worth, with no borrowings envisaged.

A consortium of acquirers has initiated a mandatory open offer to acquire up to 28,63,354 equity shares, representing 26% of the paid-up equity capital of reliable ventures , at a price of ₹21 per share. The offer follows a Share Purchase Agreement (SPA) dated June 02, 2026, through which the acquirers agreed to purchase 59,55,815 shares, representing 54.08% of the voting share capital, from the existing promoters for a total consideration of ₹12,50,72,115. The open offer is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirers include Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. Rarever Financial Advisors Private Limited has been appointed as the Manager to the Offer. The target company, which currently has no operating business, was previously engaged in the hospitality and tourism sector. Its equity shares are listed on BSE Limited with the ISIN INE419H01019.

Offer Details

The open offer price of ₹21 per share has been determined in accordance with Regulation 8 of the SEBI (SAST) Regulations, being the highest of the negotiated price under the SPA and the volume-weighted average market price for the 60 trading days preceding the public announcement. Assuming full acceptance, the aggregate consideration payable to public shareholders will be ₹6,01,30,434. The offer is not conditional upon a minimum level of acceptance and is not a competitive bid.

Financial Arrangements

The acquirers have certified that they possess adequate financial resources to meet the full obligations of the offer, funded through their own net worth without borrowings. An escrow account has been opened with Axis Bank Limited, and the acquirers have deposited ₹6,01,30,434, representing 100% of the total consideration payable under the offer assuming full acceptance. The funds were deposited in two tranches on June 03, 2026, and June 04, 2026.

Tentative Schedule

The tendering period for the offer is scheduled to commence on July 31, 2026, and will close on August 13, 2026. The identified date for determining the public shareholders to whom the Letter of Offer will be sent is July 10, 2026. The last date for the payment of consideration and the return of rejected shares is August 31, 2026. The offer will be implemented through the stock exchange mechanism provided by BSE Limited.