BSECompany Update14 Oct 2026 · 14 Oct 2026, 03:58 pm
We are hereby attaching the disclosure under Regulation 31A of SEBI (LODR) Regulations, 2015 for reclassification of Promoter/Promoter Group to Public Category.
Reliable Ventures India Ltd · 532124
✦ AI SummaryPromoter Reclassif.
Reliable Ventures India Ltd has announced the reclassification of its promoters from the 'promoter' category to the 'public' category, following the acquisition of 54.08% of its voting equity share capital by new promoters.
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Growth Catalyst3/10
Governance Concern6/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10
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Full Announcement
Reliable Ventures India Ltd - 532124 - Disclosure Under Regulation 31A Of SEBI (LODR) Regulations, Relating To Reclassification Of Promoter/Promoter Group To Public Category Pursuant To Open Offer.
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RELIABEE=
VENTURES TNGia LT5
Date: October 14, 2026
BSE Limited,
Department of Corporate Services,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai — 400 001
Stock Code: BSE: 532124
Scrip ID: RELIABVEN
ISIN: INE419H01019
Dear Sir/ Ma'am,
Sub: Disclosure under Regulation 31A(10)(ii) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”).
1. A Share Purchase Agreement dated June 02, 2026 (“SPA”) was executed between Mr. Chennupati
Sarath Kumar (“Acquirer 1”), Mr. Sivanag Vasireddy (“Acquirer 2”) and Ancla Technology Solutions
India Private Limited (“Acquirer 3” and, together with Acquirer 1 and Acquirer 2, collectively, the
“Incoming Promoters”) and Mr. Shahid Hafiz Khan, Mr. Shahwar Hafiz Khan, Mrs. Sharifa Bano, Mr.
Kaleemullah Khan, Mr. Farhan Sikandar Khan, Mr. Sikandar Hafiz Khan, M/s Reliable Cigarette And
Tobacco Industries Private Limited, M/s Mandideep Engineering & Packaging Industries Private
Limited, M/s Reliable Industrial Ventures Limited, M/s Reliable Smartcity Limited, M/s Noor-Us-
Sabah Housing Projects Private Limited, M/s Reliable Carriers Private Limited, M/s Reliable Global
Venture Private Limited (Formerly known as M/s Rehbar Holdings and Finance Private Limited) and
M/s Elegance Infratech Private Limited (collectively, the “Outgoing Promoters”), whereby the
Incoming Promoters agreed to acquire an aggregate of 59,55,815 (Fifty Nine Lakh Fifty Five Thousand
Eight Hundred and Fifteen only) equity shares of Reliable Ventures India Limited (“Company”),
representing 54.08% of the voting equity share capital of the Company (“Sale Shares”), from the
Outgoing Promoters.
2. On September 1, September 2, September 4, and September 7, 2026, the Incoming Promoters
acquired the 59,54,012 (Fifty-Nine Lakh Fifty-Four Thousand and Twelve only) out of the Sale Shares
from the Outgoing Promoters, through off-market transfer(s) through respective dates, in
accordance with the SPA and other applicable laws and 1803 Sale Shares are in the process of
transfer with the depository participant. Pursuant to the above, the Incoming Promoters have
acquired control over the Company and are classified as “promoters” of the Company in accordance
with the SEBI Listing Regulations.
RELIABLE HOUSE, A-8, KOH-E-FIZA, INDORE ROAD, BHOPAL - 462 001 (M.P.) INDIA CIN L22354MP1992PLC007295
Phone : (+91-755) 4266601, 02, 03 Fax : (+91-755) 2640442, E-mail : reliable_house@rediffmail.com
RELI
VENTURES TNDiA LT D
Consequently, the Outgoing Promoters along with their respective members of the promoter group,
have ceased to be in control of the Company, and therefore stand reclassified from the “promoter”
category of the Company to the “public” category in accordance with Regulation 31A(10) and other
applicable provisions of the SEBI Listing Regulations.
All the requirements for undertaking such reclassification, as applicable, in accordance with
Regulation 31A (10) of the SEBI Listing Regulations are satisfied, including as set out below:
a) The intent of the Outgoing Promoters to be reclassified from the “promoter” category of the
Company to the “public” category in accordance with Regulation 31A of the SEBI Listing
Regulations pursuant to the completion of the SPA was inter alia specifically disclosed in the
following documents issued/published in connection with the open offer made by the Incoming
Promoters, in their capacity as the acquirers (“Open Offer”):
i) the publicannouncement dated June 02, 2026;
i) the detailed public statement published on June 09, 2026;
iii) the draft letter of offer dated June 16, 2026; and
iv) the letter of offer dated August 04, 2026, issued/dispatched to the public shareholders of
the Company in connection with the Open Offer, which also disclosed the intent of the
Outgoing Promoters to be reclassified.
b) The Outgoing Promoters vide their letter dated September 26, 2026 have confirmed compliance
with Regulation 31A(3)(b) of the SEBI Listing Regulations and have also undertaken to comply
with the requirements under Regulation 31A(4) of the SEBI Listing Regulations. A copy of the
said letter is enclosed as “Annexure A”.
c) The Company complies with sub-clauses (c)(ii) and (c)(iii) of sub-regulation (3) of Regulation 31A
of the SEBI Listing Regulations.
The above-mentioned reclassification shall be effective from September 7, 2026, being the date of
actual transfer of the Sale Shares from the Outgoing Promoters to the Incoming Promoters, which is
later than the date on which the Incoming Promoters acquired control of the Company (i.e., 15th
July, 2026, being the date of appointment of the Incoming Promoters' nominees to the Board of
Directors of the Company), in accordance with Explanation | to Regulation 31A(10) of the SEBI Listing
Regulations.
RELIABLE HOUSE, A-8, KOH-E-FIZA, INDORE ROAD, BHOPAL - 462 001 (M.P.) INDIA CIN L22354MP1992PLC007295
Phone : (+91-755) 4266601, 02, 03 Fax : (+91-755) 2640442, E-mail : reliable_house@rediffmail.com
VENTURES INDTALTD .
Please take the above information on record.
Thanking you.
Yours sincerely,
FOR RELIABLE VENTURES INDIA LIMITED
SIVANAG VASIREDDY
MANAGING DIRECTOR
07852851
Encl.: Annexure A — Letter from the Outgoing Promoters
RELIABLE HOUSE, A-8, KOH-E-FIZA, INDORE ROAD, BHOPAL - 462 001 (M.P.) INDIA CIN L22354MP1992PLC007295
Phone : (+91-755) 4266601, 02, 03 Fax : (+91-756) 2540442, E-mail : reliable_house@rediffmail.com
ANNEXURE - A
Date: 26.09.2026
The Board of Dircctors
Reliable Ventures India Limited
A-6, Indore Road, Koh-e-Fiza, Bhopal, Madhya Pradesh — 462001
Dear Sir/ Madam
Sub: Re-classification from “promoter” category of Reliable Ventures India Limited
(“Company”) to “public” category in accordance with Regulation 31A (10) of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended (“SEBI (LODR) Regulations™).
Ref: Share Purchase Agreement dated 2nd June, 2026 executed between Mr. Chennupati Sarath
Kumar, Mr. Vasireddy Sivanag and Ancla Technology Solutions India Private Limited
(collectively, the “Purchasers”) and the undersigned Outgoing Promoters (“SPA”).
Pursuant to the consummation of the transaction under the SPA on June 02, 2026, we, the
undersigned (collectively, the “Outgoing Promoters”), have collectively transferred 59,55,815
(Fifty Nine Lakh Fifty Five Thousand Eight Hundred and Fifteen) equity shares of the Company
(representing 54.08% of the voting equity share capital of the Company) to the Purchasers. As a
result of this, the Purchasers have acquired control over the Company, and the Outgoing
Promoters, who do not hold any equity shares of the Company, are no longer in control of the
Company.
As you are aware, the Purchasers have made an open offer to the public shareholders of the
Company in accordance with the Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (“Open Offer™). In this regard, please note that our
intention to reclassify to “public” category has been disclosed in the following documents
issued/published in connection with the Open Offer: (a) the public announcement dated June 02,
2026; (b) the detailed public statement published on June, 09 2026; and (c) the draft letter ofo ffer
dated June, 16 2026. Further, the said reclassification has also been disclosed in the letter of offer
dated August, 04 2026 issued in connection with the Open Offer.
Accordingly, we, the Outgoing Promoters, request you to re-classify us from “promoter” category
of the Company to “public” category in accordance with Regulation 31A (10) and other applicable
provisions of the SEBI (LODR) Regulations and undertake all necessary actions.
In this regard, we, the Outgoing Promoters, hereby confirm that the Outgoing Promoters and the
persons related to the Outgoing Promoters:
i) together, do not hold more than 10% oft he total voting rights in the Company;
ii) do no
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