S.A.E. & Associates LLP, Company secretaries were appointed to carry out due diligence pursuant to Regulation 10(3) of the Securities and Exchange Board of India (Delisting of Equity Shares) ....
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Tulive Developers Ltd has informed BSE that S.A.E. & Associates LLP, the company's existing secretarial auditor, has been appointed to carry out due diligence under SEBI's Delisting Regulations. This follows the initial public announcement made on November 10, 2025, where promoters Altis Properties Pvt Ltd and GKS Technology Park Pvt Ltd, along with persons acting in concert (Atul Gupta and K V Ramana Shetty), expressed their intention to voluntarily delist the company's equity shares from BSE. The delisting proposal involves acquiring all equity shares held by public shareholders and then removing the stock from BSE. Saffron Capital Advisors is acting as the manager to the delisting offer. The due diligence process is a mandatory step before the acquirers can proceed with determining the delisting price.
Public shareholders of Tulive Developers Ltd should brace for an exit event as promoters move to take the company private through voluntary delisting. The stock may see reduced trading liquidity ahead of the formal offer, and shareholders will eventually be required to tender their shares at a price determined after the due diligence and reverse book-building process.