Reliable Ventures India: Promoter Group Reclassified to Public

Reliable Ventures India Ltd has disclosed the reclassification of its Promoter/Promoter Group to the Public category under Regulation 31A of SEBI (LODR) Regulations, 2015. This follows a Share Purchase Agreement executed on June 02, 2026, where Incoming Promoters (Mr. Chennupati Sarath Kumar, Mr. Sivanag Vasireddy, and Ancla Technology Solutions India Private Limited) acquired 59,55,815 equity shares, representing 54.08% of the voting equity share capital, from the Outgoing Promoters. The transfer of 59,54,012 shares was completed via off-market transfers by September 7, 2026, with the remaining 1803 shares in process. Consequently, the Incoming Promoters have gained control and are now classified as promoters, while the Outgoing Promoters have ceased to be in control and are reclassified as public shareholders. This reclassification is effective from September 7, 2026.