The Board of Directors of Tulive Developers Limited at their meeting held today, 26th November 2025 approved the proposal for voluntary delisting of shares subject to approval of the shareholders ....
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Tulive Developers Limited's Board, at its meeting on November 26, 2025, approved a proposal to voluntarily delist the company's equity shares from BSE, where it is currently the only listed exchange. The delisting is being pursued by promoter group entities Altis Properties Private Limited and GKS Technology Park Private Limited, along with persons acting in concert, who intend to acquire the 6,01,135 shares (27.90% of paid-up capital) held by public shareholders. The floor price for the delisting offer has been set at Rs. 719.30 per share, with an indicative offer price of Rs. 750 per share. The company has 21,54,375 total equity shares outstanding, with promoters holding 72.10% and the public holding the remaining 27.90%. The proposal is now subject to shareholder approval through a postal ballot, with the cut-off date fixed at November 28, 2025.
Public shareholders will have the opportunity to tender their shares at the floor price of Rs. 719.30 (or potentially higher via reverse book building) once the postal ballot approves the delisting. If approved, the stock will cease trading on BSE and shareholders who do not tender will be left with unlisted shares. Shareholders should watch for the postal ballot notice and evaluate the final discovered price versus current market levels.