Reliable Ventures open offer: July 31 date, ₹21 price

Identified date fixed for the proposed open offer

Reliable Ventures India Limited has set July 31, 2026 as the identified date for its proposed open offer, a procedural step under SEBI takeover rules that determines eligibility for dispatch of the Letter of Offer. The identified date matters because shareholders holding shares as of this cut-off are the ones considered eligible to receive the formal offer documentation. In the company’s disclosures around the offer process, the identified date is positioned as a key milestone before the tendering window opens. The open offer is being conducted following a change-of-control transaction that triggered mandatory open offer requirements. The update is part of the standard SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 compliance timeline.

What the identified date means for shareholders

In practical terms, the identified date is used to prepare the list of shareholders to whom the Letter of Offer will be dispatched. Based on the provided material, shareholders holding equity shares on July 31, 2026 will be treated as identified shareholders for this purpose. This does not by itself complete any transaction, but it sets the process in motion for the investor-facing steps that follow. After this, the Letter of Offer is expected to reach eligible shareholders, outlining the final tendering procedure and settlement mechanics.

Open offer terms: 26% stake at ₹21 per share

The open offer has been announced by a consortium of acquirers: Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. The offer proposes to acquire up to 28,63,354 fully paid-up equity shares of Reliable Ventures India Limited. This represents 26.00% of the target company’s voting share capital. The offer price is ₹21 per share.

The maximum disclosed cash outflow for the open offer, assuming full acceptance, is ₹6.01 crore. A separate disclosure also states the total consideration as ₹6,01,30,434 payable in cash, consistent with the maximum size based on the stated price and number of shares. The offer is described as not subject to any minimum level of acceptance in the provided material.

Trigger transaction: promoter stake purchase agreement

The mandatory open offer follows a Share Purchase Agreement (SPA) dated June 02, 2026, which is described as the trigger for the acquisition and associated open offer obligation. Under this SPA, the acquirers agreed to acquire 59,55,815 shares, representing 54.08% of the voting share capital, from promoter sellers. The consideration disclosed for this promoter acquisition is ₹12.50 crore.

This promoter-level acquisition is presented as leading to a change in ownership and control, which is why the subsequent open offer for public shareholders is being carried out under SEBI takeover rules.

Key milestones already completed in the offer process

The disclosures outline a standard chain of announcements leading up to the identified date. These include:

• Public Announcement: June 02, 2026
• Detailed Public Statement: June 09, 2026
• Draft Letter of Offer: June 16, 2026

With the identified date set at July 31, 2026, the process moves closer to the operational phase of tendering and settlement as per the published schedule.

Tendering and settlement schedule

The tentative schedule in the material states that the tendering period will:

• Open: July 31, 2026
• Close: August 13, 2026

The last date for payment of consideration (and return of rejected shares) has been disclosed as August 31, 2026. The last date for the post-offer public announcement has been stated as September 07, 2026.

This timeline provides shareholders a defined window to evaluate whether to tender shares at the offer price, and it gives the market visibility on when cash settlement is expected to occur under the stated schedule.

Offer execution: BSE mechanism and intermediaries

The offer is planned to be implemented through the stock exchange mechanism provided by BSE Limited. The target company is listed on BSE with scrip code 532124.

Rarever Financial Advisors Private Limited has been named as the Manager to the Offer in the provided material. Manager to the Offer appointments are a standard requirement in open offers, as the manager coordinates regulatory filings, timelines, and shareholder communication including the Letter of Offer.

Company and trading context cited in the material

Some of the provided market snapshots reference the company’s trading levels around the period of the disclosures. One data point states the share price was ₹24.85 as of 25 June 2026. Another update in the supplied material mentions the stock was ₹26.29, gaining 4.37% (timing described as “as of 14:59”).

The material also includes a business description stating Reliable Ventures India’s principal activity is to operate hotels and provide related services. Separately, another note within the supplied text characterises the company as having “no current operating business.” These statements appear in different parts of the provided material, and readers typically rely on the formal Letter of Offer and company filings for the most current operational status.

Key facts at a glance

Why this procedural update matters under SEBI rules

The identified date is not a pricing or valuation event, but it is central to how the open offer is administered. By setting the cut-off date, the process can move forward to dispatch of the Letter of Offer and the launch of the tendering window. For investors, the identified date clarifies who will be included in the shareholder list for communication and operational instructions.

The disclosures also reiterate the core structure of the transaction: a change-of-control acquisition of 54.08% from promoters, followed by a mandatory open offer for 26.00% of voting share capital at a fixed price of ₹21. The material mentions that funds for the open offer are secured in escrow, which is typically disclosed to support the funding certainty of the offer.

What to watch next

The next investor-facing milestone is the dispatch of the Letter of Offer to shareholders identified as of July 31, 2026. After the Letter of Offer, the key dates are the tendering window from July 31 to August 13, 2026, followed by settlement steps leading up to the stated payment date of August 31, 2026. The schedule also includes the post-offer public announcement date of September 07, 2026.

Conclusion

Reliable Ventures India’s open offer process has progressed to the identified-date stage, with the cut-off fixed at July 31, 2026 for shareholder eligibility. The consortium offer remains ₹21 per share for up to 28,63,354 shares (26.00%), with a maximum disclosed outflow of ₹6.01 crore. The next steps, as per the stated schedule, are Letter of Offer dispatch, the tendering period through August 13, and settlement-related timelines extending to early September.