Tulive Developers Limited reported a net loss of ₹115.07 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹127.33 lakh in the previous year. The company's board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. Revenue from operations remained nil for both the quarter and the fiscal year, while other income stood at ₹2.97 lakh for the quarter and ₹29.92 lakh for the year. The operations of the company relate to project management consultancy services and agricultural activities.

Financial Performance

The company's total expenses for the year ended March 31, 2026, amounted to ₹146.36 lakh, compared to ₹142.76 lakh in the previous year. Key expense components included depreciation and amortization at ₹98.62 lakh and employee benefit expenses at ₹5.81 lakh. Profit before tax for the year was reported as a loss of ₹116.44 lakh. The basic and diluted earnings per share (EPS) for the year stood at (₹5.34), compared to (₹5.91) in the prior year.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹4,576.64 lakh, a decrease from ₹4,692.43 lakh in the previous year. Property, plant, and equipment accounted for ₹3,491.45 lakh of the total assets. Cash and cash equivalents increased to ₹334.90 lakh from ₹307.88 lakh in the prior year. The cash flow statement indicated a net increase in cash and cash equivalents of ₹27.02 lakh for the year, driven primarily by net cash inflows from investing activities amounting to ₹81.36 lakh.

Regulatory and Auditor Details

The audited financial results were reviewed by the Audit Committee and approved by the Board pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dagliya & Co., Chartered Accountants, the statutory auditors of the company, issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026.

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.