Reliable Ventures India Announces Major Board and Strategic Overhaul

• EGM Scheduled for October 14, 2026, to vote on key board and business changes.
• Borrowing limits proposed to rise up to Rs 200 crore to fund expanded operational scope.

Reader Takeaway: Management changes and business pivot toward AI and infrastructure signal a major strategic shift post-acquisition.

What just happened

Reliable Ventures India Ltd has issued a formal notice for an Extra-Ordinary General Meeting (EGM) to be held via video conference on October 14, 2026. The meeting seeks shareholder mandates for several transformative corporate actions following the company's acquisition by Ancla Technology Solutions India Private Limited.

Board Appointments

The company is formalizing the appointment of four directors initially brought on as Additional Directors in July 2026. This includes naming Mr. Sivanag Vasireddy as Managing Director at a monthly remuneration of Rs 1.75 lakh, alongside the appointment of one Independent Director and two Non-Executive Directors.

Strategic Relocation and Business Pivot

Reliable Ventures is shifting its registered office from Bhopal to Hyderabad, aiming to align its operations more closely with its acquirer. Simultaneously, the company is seeking to amend its Memorandum of Association to enter diverse new sectors. The proposed expansion covers infrastructure development, real estate, contract manufacturing, and high-tech services such as AI, cloud computing, and cybersecurity.

Financial Authorizations

To support these new business lines, the Board has proposed significantly increasing the company’s financial capacity. Shareholders will vote on:

• Increasing borrowing limits to an aggregate of Rs 200 crore (including subsidiaries/associates).
• Authorizing the creation of charges or mortgages on company assets.
• Setting a Rs 200 crore limit for inter-corporate loans, investments, and guarantees under Section 186 of the Companies Act.

What to track next

Investors should monitor the outcome of the e-voting process, which concludes on October 13, 2026. The approval of these resolutions will effectively launch the company’s transition into a broader infrastructure and technology-focused entity.