Historically, the Sribagh Agreement has been an important subject matter to the people of the Rayalaseema region regarding developmental issues due to the attitude of the then-Andhra leaders.
At this stage, the People of Rayalaseema, who were educationally more backward than the Circar districts, wanted the headquarters of the University to be situated in their region.
The government not only shifted headquarters from Bezawada to Vizag but also re-affiliated all existing colleges in Rayalaseema to the Madras University jurisdiction.
The conference opposed the attempts made by the coastal districts' congress legislators to extend the Andhra University's jurisdiction over Rayalaseema.
Important Congress leaders of Rayalaseema, like K. Koti Reddi, G. Harisarvothama Rao, and P. Ramachari, did not attend any sessions.
The leaders of the Rayalaseema Mahasabha, like C. L. Narasimha Reddy and Subrahmanyam, were defeated by Congress candidates in the 1937 Madras legislative assembly and council elections.
The organisation failed to make a political impact but continued to oppose the formation of Andhra province till the end.
The leaders of the Circars realized the need to enlist Rayalaseema's cooperation to satisfy the demand for a separate Andhra province.
On 16 November 1937, the leaders of both regions sat for an agreement in Sribagh, the house of Kashinathuni Nageshwara Rao, a well-known media owner and founder of Andhra Patrika and Amrutanjan.
The committee discussed the conditions to be fulfilled if Rayalaseema should co-operate with the Coastal districts in the demand for an Andhra Province.
A memorandum was submitted to the Assembly of Madras regarding the separate Andhra province and was forwarded to the Government of India on 21 April 1938.
After the formation of the Andhra Pradesh State in 1956, both the capital city and high court moved to Hyderabad, Telangana.