Tulive Developers Limited has been delisted from BSE effective July 03, 2026, following a voluntary delisting proposal initiated by the acquirers. The exit offer public announcement was published on June 22, 2026, to inform public shareholders about the completion of the process. Trading in the equity shares was discontinued on June 25, 2026, prior to the final delisting date.

The delisting proposal was led by Altis Properties Private Limited and GKS Technology Park Private Limited, acting as acquirers, along with Persons Acting in Concert (PACs) Atul Gupta and K V Ramana Shetty. Saffron Capital Advisors Private Limited acted as the Manager to the Delisting Offer. The process involved a reverse book building period from April 15, 2026, to April 21, 2026.

BSE granted final approval for the delisting via notice number 20260618-19 dated June 18, 2026. The exit offer announcement was published in Financial Express, Jansatta, and Navshakti to ensure wide dissemination among shareholders. The scrip code for the company was 505285.

Key Delisting Timeline

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.