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.

Tulive Developers Limited , a prominent player in the real estate sector, has announced significant changes to its board composition, reinforcing its leadership structure for the coming years.

Board Approves Strategic Appointments

The Board of Directors of Tulive Developers Limited, in a meeting held on August 28, 2025, approved several key appointments and re-appointments, subject to shareholder approval at the upcoming 63rd Annual General Meeting (AGM) scheduled for September 25, 2025.

Re-appointment of Whole-time Director

Mr. Suresh Vaidyanathan, a seasoned professional in the real estate industry, has been re-appointed as the Whole-time Director of Tulive Developers for a term of five years, effective from September 1, 2025, to August 31, 2030. Mr. Vaidyanathan, who has been associated with the company since September 2007 as CEO, brings a wealth of experience in residential and commercial development.

New Independent Director Joins the Board

In a move to enhance its corporate governance, the board has approved the appointment of Mrs. Bhumika Jignesh Shah as a non-executive independent director. Mrs. Shah's appointment is for a five-year term, spanning from the 63rd AGM to the 68th AGM of the company.

Strengthening Compliance Measures

The board also approved the appointment of S.A.E. & Associates LLP as the company's secretarial auditors for a term of five years, covering the financial years 2025-2026 to 2029-2030. This appointment aims to ensure robust compliance with regulatory requirements.

Leadership Experience

Mr. Vaidyanathan's extensive background includes roles at Best & Crompton Engineering Ltd. and Ramaniyam Real Estates Pvt. Ltd. His re-appointment is expected to provide continuity in leadership and strategic direction for Tulive Developers.

Upcoming Annual General Meeting

The 63rd AGM of Tulive Developers Limited is set to take place on September 25, 2025, at 4:00 PM IST through video conferencing. Shareholders will have the opportunity to vote on these key appointments and re-appointments during the meeting.

These board-level changes reflect Tulive Developers' commitment to maintaining a strong leadership team and adhering to best practices in corporate governance as it navigates the dynamic real estate market.