Tulive Developers Limited, a real estate company, has released its unaudited financial results for the half-year ended September 30, 2025, revealing a net loss and a substantial decrease in cash reserves.

Financial Performance

The company's board of directors approved the unaudited financial results in a meeting held on November 14, 2025. The key financial highlights for the half-year period are as follows:

The financial results show a reduction in net loss compared to the same period in the previous year. However, the company experienced a significant decline in its cash and cash equivalents, dropping by 97.52% from ₹307.88 lakhs to ₹7.64 lakhs. Total assets also saw a marginal decrease of 1.00%.

Corporate Developments

In addition to the financial results, Tulive Developers Limited disclosed information about a potential delisting of its equity shares. The company has appointed S.A.E. & Associates LLP to carry out due diligence in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

This appointment follows an initial public announcement made on November 10, 2025, where Altis Properties Private Limited and GKS Technology Park Private Limited, along with certain persons acting in concert, expressed their intention to voluntarily delist the equity shares of Tulive Developers Limited.

The company stated that the appointed firm, S.A.E. & Associates LLP, holds a peer-reviewed certificate valid until November 30, 2027, and is currently serving as the Secretarial Auditor of the company.

Conclusion

While Tulive Developers Limited has managed to reduce its net loss compared to the previous year, the substantial decrease in cash reserves and the ongoing delisting process may raise concerns among investors. Stakeholders should closely follow the company's future announcements and the outcome of the due diligence process related to the potential delisting.

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.