BSECompany Update30 Jul 2026 · 30 Jul 2026, 02:59 pm
Rarever Financial Advisors Pvt Ltd ("Manager to the Offer') has informed BSE that the identified date for the purpose of determining the names of the shareholders to whom the Letter of ....
Reliable Ventures India Ltd · 532124
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Reliable Ventures India Ltd has announced that the identified date for determining the names of shareholders to whom the Letter of Offer would be sent is fixed as July 31, 2026, for a proposed open offer by the Acquirers to acquire up to 28,63,354 equity shares of the company at ₹21/- per share.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment5/10
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Reliable Ventures India Ltd - 532124 - Identified Date
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Date: July 30, 2026
The General Manager
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai – 400001,
SUB: PROPOSED OPEN OFFER FOR ACQUISITION OF UPTO 28,63,354 FULLY PAID-UP
EQUITY SHARES OF FACE VALUE OF ₹ 10/- EACH (“OFFER SHARES”) REPRESENTING
26.00% OF THE VOTING SHARE CAPITAL OF RELIABLE VENTURES INDIA LIMITED
(“TARGET COMPANY”) AT A PRICE OF ₹21/- PER EQUITY SHARE FROM THE PUBLIC
SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY, BY MR. CHENNUPATI
SARATH KUMAR (ACQUIRER 1), MR. VASIREDDY SIVANAG (ACQUIRER 2) AND ANCLA
TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED (ACQUIRER 3), (COLLECTIVELY
REFERRED TO AS THE “ACQUIRERS”).
Dear Sir/Madam,
With reference to the captioned subject, Public Announcement dated June 02, 2026, Detailed
Public Statement published in the newspaper on June 09, 2026, and Draft Letter of Offer dated
June 16, 2026, for the proposed open offer to the public Shareholders of Target Company by the
Acquirers.
We, Rarever Financial Advisors Private Limited, in the category of Manager to the Offer, do hereby
inform that the identified date for the purpose of determining the names of the shareholders to
whom the Letter of Offer would be sent is fixed as July 31, 2026.
In compliance with regulation 18(2) of Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeover) Regulations, 2011, the Identified Date is for the purpose of
determining the names of the shareholders as on such date to whom the Letter of Offer would be
sent.
Kindly take the same on your record and disseminate the same to the public.
Yours Faithfully,
For Rarever Financial Advisors Private Limited
Kruti Vyas
Authorised Signatory
SEBI Reg. No: INM000013217
Place: Ahmedabad