Reliable Ventures: Promoter buys 29.05% stake in 2026

What Reliable Ventures disclosed to the exchange

Reliable Ventures India Limited has reported a set of share acquisition disclosures that together point to a change in control process under SEBI’s takeover regulations. The company informed the Bombay Stock Exchange (BSE) about an off-market acquisition by promoter Chennupati Sarath Kumar, alongside a separate acquisition by Ancla Technology Solutions India Private Limited. These transactions sit alongside a mandatory open offer announced for 26% of the company’s equity at a fixed cash price.

The disclosures provide a clear numerical trail: share quantities acquired, percentage of voting capital, acquisition dates, and the company’s total equity base. They also state that the total equity share capital remained unchanged after the transfers, and that the transactions did not involve warrants, convertible instruments, or any encumbrance.

Promoter Chennupati Sarath Kumar’s 32 lakh share acquisition

Chennupati Sarath Kumar, identified as a promoter, acquired 32,00,000 equity shares of Reliable Ventures India Ltd. Post-acquisition, his holding stands at 29.05% of the company’s total voting capital. The acquisition was executed through off-market transactions on September 1, 2026 and September 2, 2026.

The disclosure also states that prior to this transaction he held no equity shares or voting rights in the company. After the transfer, his holding of 32,00,000 shares is stated to constitute 29.05% of the total share capital and the diluted share capital or voting capital.

Importantly, the company’s total equity capital is reported as 1,10,12,900 equity shares and is stated to have remained unchanged following this transfer.

Regulatory filing and the compliance reference

The company disclosed the promoter transaction to the BSE on September 11, 2026. The filing is stated to be in compliance with Regulation 29(1) and Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Such disclosures typically provide the market with clarity on who has acquired shares, how many shares were acquired, the mode of acquisition, and how the holding changes before and after the transaction. In this case, the filing explicitly captures a move from zero holding to a 29.05% stake for the promoter-acquirer.

Ancla Technology Solutions’ 19.56% stake via off-market deals

Separately, Ancla Technology Solutions India Private Limited acquired 21,54,012 equity shares of Reliable Ventures India Limited. The stake is disclosed as 19.56% of the target company’s total voting capital. The acquisitions were executed through off-market transactions completed between September 1 and September 7, 2026.

The company disclosure notes that the buying was spread across four dates: September 1, September 2, September 4, and September 7. Following the acquisition, the total diluted share capital of Reliable Ventures is again stated as 1,10,12,900 equity shares.

These details place Ancla among the significant shareholders based on the percentage disclosed, and link its position to the broader takeover-related process described in subsequent open offer documents.

Mandatory open offer: 26% at ₹21 per share

Reliable Ventures India Limited has moved into the offer-opening stage of a mandatory open offer under the SEBI (SAST) Regulations, 2011. Disclosures describe an open offer to acquire 28,63,354 fully paid-up equity shares at a fixed price of ₹21.00 per share, payable in cash. The offer size is stated as 26.00% of the company’s fully paid-up equity share capital and voting capital.

The open offer is made by three acquirers: Mr. Chennupati Sarath Kumar (Acquirer 1), Mr. Vasireddy Sivanag (Acquirer 2), and Ancla Technology Solutions India Private Limited (Acquirer 3). The documentation also states there is no revision to the offer price.

The open offer is described as being made under Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011.

Offer timeline and key dates on record

The Offer Opening Advertisement is stated to have been published on August 13, 2026. The Letter of Offer was dispatched on August 5, 2026. The open offer is stated to open on August 14, 2026 and close on August 28, 2026.

The payment of consideration for accepted tenders is scheduled for September 11, 2026. These dates matter operationally for shareholders evaluating tender decisions, because they define the tender window and the expected settlement timeline as presented in the disclosures.

Post-offer shareholding scenario stated in the filings

Assuming full acceptance of the open offer, the acquirers are stated to collectively hold 88,19,169 equity shares, representing 80.08% of the voting share capital of the target company. Public shareholding would reduce to 21,93,731 equity shares, representing 19.92%.

This is presented as a conditional outcome tied to full acceptance. It is not described as a forecast, but as the mechanical result if the open offer receives tenders up to the full size described.

Board and governance update mentioned in the disclosure

The disclosures also state that the acquirers, namely Chennupati Sarath Kumar, Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited, have joined the board of Reliable Ventures India Limited. This is presented alongside the open offer opening announcement, linking the board-level change to the broader takeover process.

Shareholding pattern context cited for June 2026

A shareholding pattern snapshot included in the provided information states that promoter holding remained unchanged at 54.08% in the June 2026 quarter. The same table indicates investors at 45.92% over the listed quarters shown.

While the snapshot does not, by itself, explain the later September transactions, it provides a stated reference point for promoter holding in the immediate prior quarter mentioned.

Key figures at a glance

Why these disclosures matter for investors

For shareholders, the disclosures consolidate three important elements: sizeable off-market acquisitions, a mandatory open offer for 26% at a fixed price, and an explicit post-offer holding scenario assuming full acceptance. The numerical disclosures also establish that the company’s equity base is unchanged at 1,10,12,900 shares, which helps in interpreting stake percentages.

The filings further clarify that the promoter acquisition began from a zero holding position and moved to 29.05%, and that no convertible securities, warrants, or encumbrances were involved in the transaction described. Together with the stated open offer timetable, the information provides shareholders a defined window (August 14 to August 28, 2026) and a stated settlement date (September 11, 2026) for tendered shares.

Conclusion

Reliable Ventures’ September 2026 disclosures outline a promoter’s 32,00,000-share off-market acquisition to 29.05%, a separate 19.56% stake build-up by Ancla Technology Solutions, and a mandatory open offer for 26% at ₹21 per share. The next procedural milestone already on the record is the offer closing date of August 28, 2026 and the scheduled payment date of September 11, 2026, as stated in the offer documents.