Reliable Ventures India Ltd has issued a formal intimation to the Bombay Stock Exchange, notifying of an upcoming board meeting scheduled for Tuesday, May 26, 2026, at 4.30 P.M. The intimation has been filed pursuant to Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting to Consider Standalone Financial Results

The board meeting has been convened to consider, inter-alia, and take on record the standalone financial results of the company for the quarter and 12 months period ended March 31, 2026. This covers both the fourth quarter as well as the full financial year FY26 results on a standalone basis.

The following key details summarise the scheduled meeting:

Audit Committee Meeting Also Scheduled

In addition to the board meeting, the Audit Committee of the company is also scheduled to meet on the same day — May 26, 2026 — prior to the board meeting. The Audit Committee will convene to discuss and review the standalone financial results before they are placed before the board for formal consideration and adoption.

The intimation was signed by S. S. Raghuwanshi, Company Secretary and Compliance Officer of Reliable Ventures India Ltd, and addressed to the Deputy General Manager, Department of Corporate Affairs, Bombay Stock Exchange Ltd.

Reliable Ventures India Limited , a company primarily engaged in hotel operations, has reported a significant downturn in its financial performance for the fiscal year ending March 31, 2023. The company's financial results reveal a stark contrast to the previous year's figures, highlighting challenges in its core business.

Financial Performance

Reliable Ventures India Limited posted a net loss of ₹107.44 lakhs for the year ended March 31, 2023, a considerable shift from the profit of ₹366.47 lakhs recorded in the previous fiscal year. This reversal in fortunes was accompanied by a substantial decline in revenue from operations, which fell to ₹621.54 lakhs from ₹1,825.19 lakhs in the prior year.

The company's financial snapshot for FY 2023 paints a challenging picture:

Operational Challenges

The company's hotel lease expired on May 30, 2023, marking a significant turning point in its operations. In response to this development, the Board of Directors is actively exploring new investment opportunities for hotel and banquet premises near Bhopal Airport. This strategic move suggests the company's intent to maintain its presence in the hospitality sector despite the recent setbacks.

Auditor's Observations

While the auditors issued an unmodified opinion on the financial statements, they highlighted several areas of concern:

1. Expired lease terms
2. Pending reconciliation of receivables and payables
3. Statutory compliance issues

These emphasis matters underscore the operational and financial challenges facing the company.

Business Outlook

Despite the expiry of its hotel lease, Reliable Ventures India Limited maintains that it operates on a going concern basis. The company continues to focus solely on hotel operations within India, indicating its commitment to the hospitality sector despite the recent financial downturn.

The significant drop in revenue and the shift from profit to loss highlight the volatile nature of the hospitality industry and the specific challenges faced by Reliable Ventures India Limited. As the company explores new investment opportunities near Bhopal Airport, stakeholders will be keenly watching how it navigates these challenges and repositions itself in the market.

The coming fiscal year will be crucial for Reliable Ventures India Limited as it seeks to address the issues raised by auditors, secure new operational premises, and work towards restoring profitability in a competitive and dynamic hospitality landscape.