Chennupati Sarath Kumar-Led Group's Reliable Ventures 26% Open Offer

Offer Type: Mandatory open offer under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011
Offer Size: 28,63,354 equity shares representing 26.00% of voting share capital
Offer Price: ₹21.00 per equity share
Total Consideration: ₹6,01,30,434.00 (assuming full acceptance)
Mode of Payment: Cash
Minimum Acceptance: Not subject to any minimum level of acceptance
Offer Shares: Fully paid-up equity shares of face value ₹10.00 each

Transaction Type: Share Purchase Agreement executed on June 02, 2026
Parties: Acquirers and Promoter Sellers
Shares Acquired: 59,55,815 equity shares representing 54.08% of voting share capital
Purchase Price: ₹21.00 per share
Total Consideration: ₹12,50,72,115.00 (Rupees Twelve crore fifty lakh seventy-two thousand one hundred fifteen only)
Payment Mode: Cash
Regulation Trigger: Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011

Acquirer 1: Mr. Chennupati Sarath Kumar

PAN: BEFPS6479P
Address: Rollin Archade Apartments, B Block 303, Street No. 1, Czech Colony, Hyderabad, Telangana, India, 500018
Pre-transaction holding: Nil
Acquisition through SPA: 32,00,000 shares (29.06%)
Post-offer holding (assuming full acceptance): 43,96,354 shares (39.92%)

Acquirer 2: Mr. Vasireddy Sivanag

PAN: AHKPV9205F
Address: Surya towers Block-A, Flat number - 608, Aditya Sun Shine Road, Shilpahills, Izzathnagar, Kothaguda, K.V. Rangareddy, Telangana, India, 500084
Pre-transaction holding: Nil
Acquisition through SPA: 6,00,000 shares (5.45%)
Post-offer holding (assuming full acceptance): 15,20,000 shares (13.80%)

Acquirer 3: Ancla Technology Solutions India Private Limited

PAN: AAOCA0684M
Address: Plot No. 1285/A, 4th Floor, Road No. 64 Near Jubilee Hills Checkpost, Jubilee Hills, Hyderabad, Shaikpet, Telangana, India, 500033
Persons in control: Mr. Chennupati Sarath Kumar (Acquirer 1) and Mr. Vasireddy Sivanag (Acquirer 2)
Pre-transaction holding: Nil
Acquisition through SPA: 21,55,815 shares (19.58%)
Post-offer holding (assuming full acceptance): 29,02,815 shares (26.36%)

Combined Acquirer Holdings:

Post-transaction and full offer acceptance: 88,19,169 shares (80.08% of voting share capital)
No other interest in Target Company except through SPA
No persons acting in concert with acquirers for this offer

Thirteen promoter entities selling their entire holdings:

1. Mr. Mohammed Hafiz Khan: 200 shares (0.00%)

2. Mr. Shahwar Hafiz Khan: 1,05,500 shares (0.96%)

3. Mrs. Sharifa Bano: 1,30,455 shares (1.18%)

4. Mr. Kaleemullah Khan: 1,65,200 shares (1.50%)

5. Mr. Farhan Sikandar Khan: 3,11,936 shares (2.83%)

6. Mr. Sikandar Hafiz Khan: 8,74,758 shares (7.94%)

7. M/s Reliable Cigarette and Tobacco Industries Private Limited: 4,200 shares (0.04%)

8. M/s Mandideep Engineering & Packaging Industries: 20,000 shares (0.18%)

9. M/s Reliable Industrial Ventures Limited: 27,177 shares (0.25%)

10. M/s Reliable Smartcity Limited: 1,45,692 shares (1.32%)

11. M/s Noor-Us-Sabah Housing Projects Private Limited: 2,00,000 shares (1.82%)

12. M/s Reliable Carriers Private Limited: 2,57,625 shares (2.34%)

13. M/s Reliable Global Venture Private Limited: 15,66,566 shares (14.22%)

14. M/s Elegance Infratech Private Limited: 21,46,506 shares (19.49%)

Total promoter shares sold: 59,55,815 shares (54.08%)

Post-transaction, all selling promoters will hold nil shares and will apply for re-classification from 'Promoter and Promoter Group' categories.

Name: Reliable Ventures India Limited
Listed on: BSE Limited
Paid-up Equity Share Capital: ₹11,01,29,000 divided into 1,10,12,900 equity shares of ₹10 each
Contact: 0755-4266601/02/03

Public Announcement Date: June 02, 2026
Manager to Offer: Rarever Financial Advisors Private Limited (SEBI Reg. No. INM000013217)
Detailed Public Statement: To be published by June 09, 2026 in English, Hindi, and regional newspapers
Delisting Intention: Acquirers do not intend to delist the Target Company
Financial Resources: Acquirers have undertaken they have adequate financial resources to meet offer obligations
Public Shareholding Risk: Post-offer acquirer holding of 80.08% may breach minimum 25% public shareholding requirement under Regulation 38 of SEBI (LODR) Regulations, 2015 read with Rule 19A of SCRR, 1957
Acquirer Undertaking: Acquirers accept full responsibility for information in this announcement and will ensure compliance with SEBI (SAST) Regulations

Name: Rarever Financial Advisors Private Limited
Address: 807, Iconic Shyamal, Shyamal Cross Road, 132 Ring Road, Satellite, Manekbag, Ahmedabad, Gujarat, 380015 India
Contact: +91-99981 23745
Contact Persons: Ms. Kruti Vyas / Mr. Jiten Patel
Investor Grievance: IG@rarever.in