GKS Technology Park Private Limited has disclosed a substantial acquisition of equity shares in Tulive Developers Limited through a regulatory filing dated April 24, 2026. The acquisition was made pursuant to the delisting process of the target company's equity shares and represents a significant increase in the acquirer's shareholding.

Acquisition Details

The transaction involved the acquisition of 2,70,697 equity shares of Tulive Developers Limited on April 23, 2026. This acquisition represents 12.56% of the company's total voting capital and was executed as part of the delisting process of Tulive Developers' equity shares from BSE Limited.

Shareholding Pattern Changes

Prior to this acquisition, GKS Technology Park Private Limited along with its person acting in concert (PAC) Mr. K V Ramana Shetty held 7,45,367 shares, representing 34.60% of Tulive Developers' total voting capital. Following the completion of this transaction, their combined holding has increased substantially.

Company Structure and Compliance

GKS Technology Park Private Limited, incorporated with CIN U45209TN2006PTC058760, is based in Chennai and belongs to the promoter group of Tulive Developers Limited. The company operates from No. 3, Club Road, Chetpet, Chennai - 600 031, and is managed by K V Ramana Shetty as Managing Director.

The disclosure was made in compliance with Regulation 29(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing indicates that GKS Technology Park is working in concert with Altis Properties Private Limited and their respective PACs in this acquisition.

Target Company Capital Structure

Tulive Developers Limited maintains an equity share capital of Rs. 2,15,43,750 divided into 21,54,375 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited under scrip code 5050285. The capital structure remained unchanged following this acquisition, with the transaction representing an internal restructuring through the delisting process.

The acquisition strengthens GKS Technology Park's position as a significant stakeholder in Tulive Developers Limited, with the combined holding of acquirers and their PACs now approaching majority control of the target company.

Tulive developers Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to BSE Limited. The certificate, dated April 15, 2026, pertains to the quarter ended March 31, 2026 and was signed by Director Atul Gupta.

Regulatory Compliance Documentation

The company filed the mandatory certificate under Regulation 74(5) of SEBI regulations through its registrar and share transfer agent, Cameo Corporate Services Limited. This quarterly submission ensures compliance with depositories and participants regulations governing dematerialisation processes.

Dematerialisation Process Confirmation

Cameo Corporate Services Limited confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. The registrar verified that securities were confirmed to depositories and that these securities have been listed on stock exchanges where the company's earlier issued securities are traded.

The certificate specifically confirms several key compliance aspects:

• Securities received for dematerialisation were accepted or rejected as appropriate
• All security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes were completed within stipulated time limits under the regulations

Corporate Information

Tulive Developers Limited maintains its registered office at Loha Bhavan, PD Mello Road, Mumbai, with corporate office operations in Chennai. The company operates under CIN: L99999VH1962PLC012549 and trades on BSE under scrip code 505285. This quarterly filing demonstrates the company's ongoing commitment to regulatory compliance and transparent corporate governance practices.