Tulive Developers Limited

Tulive Developers Ltd is undergoing a delisting process from BSE. Saffron Capital Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted an Exit Letter of Offer dated July 02, 2026. The offer is made by Altis Properties Private Limited and GKS Technology Park Private Limited, along with promoters Mr. Atul Gupta and Mr. K V Ramana Shetty. Residual public shareholders are invited to tender their equity shares at an Exit Price of ₹750 per share. The delisting is set to be effective from July 03, 2026, with the exit window closing on July 02, 2027. This action is in accordance with SEBI (Delisting of Equity Shares) Regulations, 2021.

Tulive Developers Ltd has issued an Exit Letter of Offer for the delisting of its equity shares from BSE Limited. The offer is extended to Residual Public Shareholders by the Acquirers (Altis Properties Private Limited and GKS Technology Park Private Limited) and Promoters (Mr. Atul Gupta and Mr. K V Ramana Shetty). The exit price is set at ₹750 per equity share. The delisting is scheduled to be effective from July 03, 2026, with the exit window closing on July 02, 2027. Shareholders are instructed to submit their exit application forms and share certificates to the Registrar to the Delisting Offer.

Tulive Developers Ltd is set to be delisted from BSE. The delisting offer, managed by Saffron Capital Advisors Pvt. Ltd., was initiated by Altis Properties Private Limited and GKS Technology Park Private Limited. The reverse book building period concluded on April 21, 2026. BSE has approved the discontinuation of trading effective June 25, 2026, with the official delisting date set for July 03, 2026. An Exit Offer Public Announcement was published on June 22, 2026.

Tulive Developers Ltd's board approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported total revenue of ₹29.92 lakhs and a loss of ₹115.07 lakhs for the year ended March 31, 2026. The results, along with the auditor's report, have been uploaded to the BSE and company websites.

Tulive Developers Ltd's board approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a loss of ₹115.07 Lacs for the year ended March 31, 2026, compared to a loss of ₹127.33 Lacs in the previous year. Revenue from operations was not specified, while other income stood at ₹29.92 Lacs for FY26. The board meeting was held on May 30, 2026.

Tulive Developers Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026.

GKS Technology Park Pvt Ltd and PACs, including Altis Properties Private Limited, Mr. K V Ramana Shetty, and Mr. Atul Gupta, have acquired 12.56% of Tulive Developers Limited's shares, totaling 2,70,697 shares, on April 23, 2026. This acquisition occurred following the delisting of the company's equity shares. Post-acquisition, the acquirer's holding along with PACs stands at 10,16,064 shares, representing 47.16% of the total share/voting capital. The acquisition was made pursuant to the delisting of Equity Shares of the Company.

Tulive Developers Ltd has received a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure pertains to Altis Properties Pvt Ltd & PACs.

Saffron Capital Advisors Pvt. Ltd., Manager to the Delisting Offer for Tulive Developers Limited, has announced the successful completion of the delisting offer. The Reverse Book Building Process (RBBP) saw the tendering of the minimum required number of shares as per SEBI Delisting Regulations. Consequently, the combined shareholding of the Acquirers (Altis Properties Private Limited and GKS Technology Park Private Limited) and the Promoter Group now exceeds 90% of the total issued equity shares. The initial public announcement was made on November 10, 2025, with the bidding period concluding on April 21, 2026. A Post-Offer Public Announcement was published on April 23, 2026, confirming the success of the delisting proposal.

Tulive Developers Ltd's voluntary delisting offer from BSE has been declared successful following the Reverse Book Building Process (RBBP). The offer, managed by Saffron Capital Advisors Pvt. Ltd., opened on April 15, 2026, and closed on April 21, 2026. The discovered price, which is also the exit price, was determined to be ₹750 per equity share. A total of 4,79,058 equity shares were successfully bid, with 19 successful bids received between ₹719.30 and ₹900. Post-delisting, the promoter and promoter group shareholding will increase to 94.32% of the total issued equity shares, exceeding the 90% threshold required by SEBI Delisting Regulations. The Acquirers have accepted the discovered price, and payment will be made to successful bidders.