Chennupati Sarath Kumar, a promoter of Reliable Ventures India Ltd , acquired 32,00,000 equity shares, representing 29.05% of the company’s total voting capital. The acquisition was executed through an off-market transaction on September 1, 2026, and September 2, 2026.

The company disclosed the transaction to the Bombay Stock Exchange on September 11, 2026, in compliance with Regulation 29(1) and 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

Prior to this transaction, Chennupati Sarath Kumar held no equity shares or voting rights in the company. The post-acquisition holding stands at 32,00,000 shares, constituting 29.05% of both the total share capital and the diluted share/voting capital.

Regulatory Context

The disclosure confirms that the acquirer belongs to the promoter group. The total equity share capital of Reliable Ventures India Limited remained unchanged at 1,10,12,900 equity shares following the transfer. No encumbrances, warrants, or convertible securities were involved in the transaction.

Ancla Technology Solutions India Private Limited acquired a 19.56% stake in Reliable Ventures India Limited through off-market transactions completed between September 1 and September 7, 2026.

The Hyderabad-based entity purchased 21,54,012 equity shares, bringing its total holding to this level. The acquisition was executed across four separate dates: September 1, September 2, September 4, and September 7.

Transaction Details

The disclosure filed with the Bombay Stock Exchange under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the nature of the deal.

Ancla Technologies Solutions India Private Limited is identified as part of the promoter group of the target company. Prior to these transactions, the acquirer held nil shares carrying voting rights. Following the acquisition, the total diluted share capital of Reliable Ventures India Limited remains at 1,10,12,900 equity shares.

What the Numbers Show

The acquisition represents a substantial consolidation of ownership within the promoter group. With Ancla now holding nearly one-fifth of the total voting capital, the move likely aims to streamline corporate governance or prepare for future strategic initiatives. The off-market nature suggests negotiated block trades rather than open market purchases, indicating pre-existing agreements between sellers and the acquirer.