Reliable Data Services Limited (RDSL) has made a strategic move by securing 10,00,000 convertible warrants of Kandarp DigiSmart BPO Limited, as disclosed in a recent corporate filing. This development marks a significant step for RDSL in potentially expanding its stake in the BPO sector.

Key Details of the Warrant Allotment

Financial Implications

The total value of this warrant allotment, if fully converted, amounts to ₹10.45 crore. RDSL has made an initial payment of ₹2.61 crore, representing 25% of the total warrant value. The remaining ₹7.84 crore will be due upon the conversion of these warrants into equity shares.

Strategic Considerations

This move by Reliable Data Services Limited could be interpreted as a strategic investment in Kandarp DigiSmart BPO Limited. Convertible warrants offer RDSL the flexibility to increase its equity stake in the future, potentially strengthening its position in the BPO sector.

Regulatory Compliance

The company has duly informed the stock exchanges about this allotment, adhering to the disclosure requirements under SEBI regulations. This transparency ensures that shareholders and potential investors are kept informed about significant corporate actions.

Market Impact

While the immediate market reaction to this news remains to be seen, such strategic investments often signal confidence in the target company's future prospects. Investors may view this as a positive indicator of RDSL's growth strategy and its outlook on the BPO industry.

Conclusion

As Reliable Data Services Limited takes this step towards potentially increasing its stake in Kandarp DigiSmart BPO Limited, market observers will be keen to see how this investment unfolds. The conversion of these warrants, when it occurs, will provide further insights into RDSL's long-term plans and its position within the evolving landscape of the BPO sector.

Reliable Data Services Limited has announced its unaudited financial results for the second quarter ended September 30, 2025, along with significant changes to its Audit Committee structure.

Financial Performance

The company's board of directors approved the unaudited standalone and consolidated financial results for Q2 FY2026 at a meeting held on November 14, 2025. While specific financial figures were not disclosed in the announcement, the approval of these results indicates the company's commitment to timely financial reporting and transparency.

Audit Committee Reconstitution

In a notable corporate governance move, Reliable Data Services has reconstituted its Audit Committee. The restructuring, effective from November 14, 2025, includes the following key appointments:

This reconstitution appears to strengthen the committee's independence and diversity, potentially enhancing its oversight capabilities.

Potential Board Expansion

The company has also revealed that it is evaluating two candidates for Independent Director positions:

1. Dr. Surya Prakash
2. Mr. Pawan Kumar

The board has stated that these names were received seven days prior to the announcement and that due diligence and verification of eligibility criteria with the Registrar of Companies (ROC) are ongoing. A final decision on these appointments is expected to be made before the next board meeting.

Segment Performance

While detailed financial figures were not provided in the immediate release, the company's segment information reveals its operational focus:

1. BFSI (Banking, Financial Services, and Insurance) Segment
2. Non-BFSI Segment

This segmentation suggests a diversified business model, catering to both financial and non-financial sectors.

Investor Relations

Reliable Data Services continues to maintain transparency with its shareholders. The company has made its quarterly results available on the National Stock Exchange of India Limited website ( www.nseindia.com ) and on its own investor relations page ( www.rdspl.com/investors ).

The timely reporting of financial results, coupled with the strategic changes in the Audit Committee and potential board expansion, demonstrates Reliable Data Services' commitment to corporate governance and shareholder communication. Investors and market watchers will likely keep a close eye on the forthcoming detailed financial report and the finalization of the new Independent Director appointments for a more comprehensive view of the company's performance and future direction.