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.

Tulive Developers Limited has received unanimous approval from its Committee of Independent Directors (IDC) for the voluntary delisting offer, with the recommendation published in newspapers following the submission of comprehensive delisting documentation to BSE Limited.

IDC Recommendation and Publication

The Committee of Independent Directors, comprising Chairman Mr. Jacob George Kandathil, Mr. Pradeep Bhandari, and Mrs. Bhumika Jignesh Shah, unanimously approved the delisting offer on April 08, 2026. The recommendation has been published in Financial Express (English), Janasatta (Hindi), and Navshakti (Marathi) newspapers as required under Regulation 30 of SEBI Listing Regulations.

Letter of Offer Submission

Saffron Capital Advisors Private Limited submitted the comprehensive Letter of Offer to BSE Limited on April 07, 2026, containing detailed terms and conditions for the delisting process. The document is available on the company website at www.tulivedevelopers.com and the Manager's website at www.saffronadvisor.com .

Bidding Schedule and Pricing

The reverse book-building process will commence with specific timelines for public shareholders to tender their equity shares. The acquirers have established pricing parameters based on independent valuation and regulatory requirements.

IDC Assessment and Recommendations

The Independent Directors Committee reviewed the Initial Public Announcement dated November 10, 2025, Detailed Public Announcement dated April 04, 2026, and Letter of Offer dated April 04, 2026. Based on valuation report by Mr. Kalyanam Bhaskar (IBBI Registered Valuer Reg. No. IBBI/RV/06/2020/12559), the IDC concluded that the floor price has been calculated in accordance with Delisting Regulations and is fair and reasonable.

Acquirer Information and Financial Capacity

Altis Properties Private Limited serves as the first acquirer with a net worth of ₹3,922.00 lakhs as of October 31, 2025. The company was incorporated on June 23, 2022, and operates in property development with authorized share capital of ₹15.00 lakhs.

GKS Technology Park Private Limited acts as the second acquirer with substantially higher net worth of ₹24,773.04 lakhs as of November 26, 2025. Incorporated on February 06, 2006, this entity focuses on technology parks and real estate development with authorized share capital of ₹1.00 crore.

Shareholding Structure and Target

Currently, promoters Atul Gupta and K V Ramana Shetty hold 15,53,240 equity shares representing 72.10% of paid-up share capital. Public shareholders hold 6,01,135 equity shares representing 27.90% of the total issued shares.

Escrow Arrangements and Process Requirements

The acquirers have established an escrow account titled "GKS TECHNOLOGY PARK PRIVATE LIMITED-ALTIS ESCROW ACCOUNT" with ICICI Bank Limited. The estimated consideration of ₹45,08,51,250 has been deposited, calculated at the indicative price for all public shareholding.

Public shareholders can participate through BSE's Acquisition Window Facility during the specified bid period. For dematerialized shares, shareholders must approach their respective seller members, while physical shareholders need to submit original share certificates along with duly executed transfer forms to the registrar.

The delisting will be deemed successful if the combined shareholding of acquirers and promoters reaches 90% of total issued shares through the reverse book-building process.