Reliable Ventures Appoints New MD, Additional Directors
Reliable Ventures India Ltd announced significant changes in its directorate following a board meeting on July 15, 2026. Mr. Sivanag Vasireddy has been appointed as an Additional Director and also as the Managing Director for a term of 3 years, subject to shareholder approval. The company also appointed Mr. Chennupati Sarath Kumar and Mr. Pradhip Kumar Gogula as Additional Non-Executive Directors, and Ms. Tirumalla Sai Navya as an Additional Independent Director. Concurrently, the board noted the resignations of Mr. Sikndar Hafiz Khan (Managing Director), Mr. Sanober Bano (Director), Mr. Guntupalli Siva Rama Krishna (Independent Director), and Mr. Gopinathan Panchena (Independent Director). The company affirmed that the newly appointed directors are not debarred by any regulatory authority.
Key Highlights
- Sivanag Vasireddy appointed as Managing Director for 3 years.
- Four new directors appointed to the board.
- Four existing directors have resigned from their positions.
- Appointments and resignations approved by the Nomination and Remuneration Committee.
- Newly appointed directors are compliant with SEBI regulations.
Price Impact
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