The Board of Directors of Tulive Developers Limited at their meeting held on May 30, 2026, approved the audited standalone financial results of the Company for the quarter and year ended ....
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Tulive Developers Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company recorded ZERO revenue from operations for both current and previous year, with only other income of Rs 29.92 lakhs (up from Rs 18.32 lakhs). The company reported a net loss of Rs 115.07 lakhs for FY2026, compared to a loss of Rs 127.33 lakhs in FY2025 - an improvement but still deeply unprofitable. Depreciation expenses of Rs 98.62 lakhs are more than 3x total revenue. Cash flow from operations turned negative at Rs 54.34 lakhs. The company is engaged in project management consultancy and agricultural activities. Statutory auditors Dagliya & Co issued an unmodified (clean) opinion on the financial statements.
The company has no operating revenue and continues to burn cash with persistent losses. Shareholders should be cautious as the auditors' report raises going concern doubts given the negative operating cashflows and accumulated losses.