Reliable Ventures India Ltd Appoints New Directors and Notes Multiple Resignations on Board
Reliable Ventures India Ltd has announced significant changes in its board structure following a meeting held on July 15, 2026. The company appointed several new directors, including Mr. Sivanag Vasireddy as Managing Director, while simultaneously noting the resignations of four existing board members.The Board reviewed and approved the appointment of new professionals across various director categories, all based on recommendations from the Nomination and Remuneration Committee. These appointments were effective as of July 15, 2026.
New Appointments to the Board
Mr. Sivanag Vasireddy was appointed by the company as an Additional Director and subsequently as a Managing Director, with terms set for a period of three years, subject to shareholder approval. Mr. Vasireddy is described as a seasoned Technology Leader with over 14 years of experience in Government IT Solutions and digital transformation initiatives. His expertise covers Artificial Intelligence, Cloud Computing, Cybersecurity, and Enterprise Application Development.The company also welcomed two new Additional Non-Executive Directors:
- Mr. Chennupati Sarath Kumar: An experienced professional with a background in financial markets, equity investments, and estate ventures.
- Mr. Pradhip Kumar Gogula: A seasoned professional with over 22 years of experience in depository operations, capital markets, and compliance management across various exchanges (NSE, BSE, MCX, CDSL).
Furthermore, Ms. Tirumalla Sai Navya was appointed as an Additional Independent Director for a period of five years. Ms. Navya possesses over eight years of experience as an education professional in academic leadership and curriculum planning, bringing strong analytical and governance skills to the role.
Directors Noted for Resignation
The Board Meeting also addressed several resignations from key positions within the company, effective July 15, 2026. These departures include:- Mr. Sikndar Hafiz Khan, who resigned as a Managing Director.
- Ms. Sanober Bano, who resigned as a Director.
- Mr. Guntupalli Siva Rama Krishna, an Independent Director.
- Mr. Gopinathan Panchena, also resigning from the role of Independent Director.
Key details regarding the appointments and resignations are summarized below:
| Particulars | Sivanag Vasireddy | Chennupati Sarath Kumar | Pradhip Kumar Gogula | Tirumalla Sai Navya |
|---|---|---|---|---|
| Role | Additional / Managing Director | Additional Non-Executive Director | Additional Non-Executive Director | Additional Independent Director |
| Date of Appointment | July 15, 2026 | July 15, 2026 | July 15, 2026 | July 15, 2026 |
| Term | Three years (subject to shareholders) | N/A | N/A | Five years (subject to shareholders) |
The Board meeting commenced at 5:00 P.M. (IST) and concluded at 5:45 P.M. (IST).
Stock Price Movement
Reliable Ventures India Ltd settled on Wednesday at ₹24.06, falling 2.00% in after-hours trading. The shares traded within an intraday range between a low of ₹24.06 and a high of ₹24.43.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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