EGM outcome: 10 resolutions passed, including MD and independent director appointments
Reliable Ventures India Ltd held its 1st EGM for FY 2026-27 on 14 October 2026, from 11:07 AM to 11:14 AM, through video conferencing.
By ScoutQuest · · 3 min read
- Resolutions Passed
- 10 resolutions were passed
- Votes Polled
- 4801006 votes (43.5944% of outstanding shares) were polled
- Voting Outcome
- 100% in favour and 0 against
What happened
The 1st Extraordinary General Meeting of FY 2026-27 was held on Wednesday, 14 October 2026. It started at 11:07 AM IST and concluded at 11:14 AM IST, excluding the 15-minute e-voting period. It was held through video conferencing and other audio-visual means.
The Board of Directors had appointed M/s Aakanksha Dubey & Co, Practicing Company Secretaries, as the Scrutinizer for the remote e-voting and e-voting at the EGM.
Directors and KMP present
- Mr. Sivanag Vasireddy, Managing Director
- Mr. Pradhip Kumar Gogula, Non-Executive Director
- Mr. Chennupati Sarath Kumar, Non-Executive Director
- Ms. Tirumalla Sai Navya, Independent Director
- Mr. Kaladharan Panchena, Independent Director
- Mrs. Sharvari Swapnil Shinde, Company Secretary and Compliance Officer
A total of 33 members attended the meeting.
What was voted on
The Special Business put before members covered appointment of Mr. Sivanag Vasireddy as Director and Managing Director; appointment of Ms. Tirumalla Sai Navya as Director and Independent Director; appointment of Mr. Chennupati Sarath Kumar and Mr. Pradhip Kumar Gogula as Non-Executive Directors; shifting of the registered office from the state of Madhya Pradesh to the state of Telangana; increasing the borrowing limits of the Board under section 180(1)(c); approval under section 180(1)(a) for creation of mortgage or charge on the assets, properties or undertakings; increasing the limits for making investments, extending loans and giving guarantees or providing securities; providing loan, guarantee or security for a loan to entities in which directors are interested under section 185; and alteration of the Object Clause of the Memorandum of Association.
The number of resolutions passed in the meeting was 10.
How members voted
The record date was 07-10-2026, with 4541 shareholders on record. No shareholders were present in the meeting in person or through proxy. Through video conferencing, 2 shareholders from the Promoter and Promoter group and 31 from the Public category attended.
Resolution 1 - Managing Director appointment
- This was a Special resolution. The promoter/promoter group was interested in this resolution.
- Total shares held: 11012900
- Total votes polled: 4801006, being 43.5944% of votes polled on outstanding shares
- Votes in favour: 4801006, that is 100% of votes polled
- Votes against: 0
- Promoter and Promoter group e-voting: 3800000 votes, 63.8032%; all in favour
- Public - Non Institutions e-voting: 1001006 votes, 19.7941%; all in favour
- Public Institutions: 0 votes polled
- The resolution was passed.
Resolution 2 - Independent Director appointment
- This was a Special resolution. The promoter/promoter group was not interested in this resolution.
- Total shares held: 11012900
- Total votes polled: 4801006, being 43.5944% of votes polled on outstanding shares
- Votes in favour: 4801006, that is 100% of votes polled
- Votes against: 0
- Promoter and Promoter group e-voting: 3800000 votes, 63.8032%; all in favour
- Public - Non Institutions e-voting: 1001006 votes, 19.7941%; all in favour
- Public Institutions: 0 votes polled
- The resolution was passed.
Invalid votes
For the Promoter and Promoter Group, Public Institutions and Public - Non Institutions categories, the number of invalid votes was 0.
The Company Secretary informed members that no shareholders had registered themselves as speaker shareholders for the meeting, and no questions or queries were raised by shareholders during the Question-and-Answer session.
Also from Reliable Ventures India
Outgoing promoters reclassified to public category after incoming promoters acquired 54.08% stake
14 Oct 2026
More numbers
- Shareholders on record date4541
- No. of resolutions passed in the meeting10
- Total shares held (Resolution 1 and 2)11012900
- Total votes polled (Resolution 1 and 2)4801006
- % of votes polled on outstanding shares43.5944
- Promoter and Promoter Group shares held5955815
- Promoter group votes polled via e-voting3800000
- Public - Non Institutions votes polled via e-voting1001006
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