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 company listed on the BSE, has announced a significant corporate action that could potentially alter its public trading status. The company's board is set to convene on November 26, 2025, to deliberate on a voluntary delisting proposal put forth by its promoter group entities.

Key Details of the Delisting Proposal

Objectives of the Delisting Proposal

The promoter group has expressed its intention to:

1. Acquire all equity shares held by public shareholders
2. Voluntarily delist the company's equity shares from the BSE

Board Meeting Agenda

The upcoming board meeting is expected to address several crucial points:

• Evaluation of the due diligence report
• Consideration of the floor price for the delisting offer
• Review and discussion of the overall delisting proposal

Regulatory Compliance

The company has emphasized that this move is in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended. Furthermore, the announcement adheres to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Shareholders

While the board's decision is pending, this development signals a potential significant change for Tulive Developers' shareholders. If approved and successfully executed, the delisting would result in the company's shares no longer being publicly traded on the BSE.

Investors and stakeholders are advised to closely monitor further announcements from the company regarding the outcome of the November 26 board meeting and any subsequent steps in the delisting process.