Tulive Developers Limited has successfully obtained shareholder approval for its voluntary delisting from BSE Limited through postal ballot, with the scrutinizer's report confirming overwhelming support for the proposal.

Postal Ballot Results

The postal ballot conducted from December 2-31, 2025, resulted in decisive approval for the delisting proposal. The voting results demonstrate strong shareholder confidence in the company's strategic direction.

Regulatory Compliance Achievement

The postal ballot results satisfy the stringent requirements under SEBI (Delisting of Equity Shares) Regulations, 2021. According to Regulation 11(4), the special resolution requires votes cast by public shareholders in favor to be at least two times the number of votes cast against it.

Delisting Framework Details

The approved delisting proposal maintains the previously announced parameters, with the company set to acquire public shareholding through the established framework.

Scrutinizer Certification

Sri Vidhya Kumar, the appointed scrutinizer and Practicing Company Secretary, certified the postal ballot process conducted through Central Depository Services (India) Limited (CDSL) platform. The scrutinizer confirmed that the voting process was conducted in a fair and transparent manner, with proper reconciliation of votes cast through remote e-voting.

Next Steps in Delisting Process

With shareholder approval secured, Tulive Developers will proceed with the subsequent stages of the voluntary delisting process as per SEBI regulations. The company's promoter group entities - Altis Properties Private Limited and GKS Technology Park Private Limited - will facilitate the acquisition of public shareholding.

The successful postal ballot outcome represents a significant milestone in the company's strategic transition, providing the regulatory foundation for completing the voluntary delisting from BSE Limited.

Tulive Developers Limited, a prominent real estate company, announced significant changes to its board composition during its 63rd Annual General Meeting (AGM) held on September 25, 2025. The company made key appointments and saw the departure of a long-serving board member, signaling a strategic refresh of its leadership team.

New Independent Director Appointment

Mrs. Bhumika Jignesh Shah has been appointed as a non-executive independent director for a five-year term, spanning from the 63rd AGM to the 68th AGM. Shah brings a wealth of experience to the board, with 11 years of post-qualification expertise as a Company Secretary. Her areas of proficiency include:

• Legal affairs
• Secretarial matters
• Corporate governance
• Capital restructuring
• General business management
• SEBI regulations

The appointment of Shah was approved by the shareholders at the AGM, with 16,28,305 equity shares voting in favor of the resolution, representing a near-unanimous decision.

Outgoing Independent Director

Ms. Nirmal Cariappa completed her second term of five years as an Independent Director. Cariappa's tenure concluded on September 25, 2025, marking the end of a decade-long association with Tulive Developers Limited.

Additional Board Resolutions

The AGM also saw the approval of several other key resolutions:

1. Re-appointment of Mr. Ramana Shetty Venkata Krishna, who retired by rotation and was re-elected to the board.
2. Appointment of S.A.E. & Associates LLP as the company's Secretarial Auditors for a term of five years, covering financial years 2025-2026 to 2029-2030.
3. Re-appointment of Mr. Suresh Vaidyanathan as a whole-time director for a period of five years, effective from September 1, 2025.

Voting Results

All resolutions presented at the AGM received overwhelming support from the shareholders. Each resolution, including the financial statements adoption, director appointments, and auditor selection, was passed with 16,28,305 votes in favor, representing 100% of the votes cast.

AGM Proceedings

The AGM was conducted through video conferencing, in line with regulatory guidelines. Key board members participating in the meeting included:

• Mr. K V Ramana Shetty (Chairman)
• Mr. Atul Gupta (Director & Chairman of Stakeholder Relationship Committee)
• Mr. Pradeep Bhandari (Independent Director & Chairman of Audit Committee and Nomination and Remuneration Committee)

The changes in Tulive Developers' board composition reflect the company's commitment to maintaining strong corporate governance and bringing fresh perspectives to its leadership. These strategic appointments are likely aimed at positioning the company for future growth and regulatory compliance in the evolving real estate sector.