The outcome of the postal ballot conducted through electronic means on December 31, 2025 along with scrutiniser report is attached
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Tulive Developers Ltd (Scrip Code: 505285) conducted a postal ballot (e-voting) from December 2 to December 31, 2025, seeking shareholder approval to voluntarily delist its equity shares from BSE Limited. Out of 22 shareholders holding 20,24,441 equity shares, 99.81% voted in favour of the delisting while just 0.19% voted against it. Public shareholders backed the move strongly too, with 99.20% voting in favour and only 0.80% against. The special resolution was passed with the requisite majority under SEBI's Delisting Regulations, 2021. Promoters, holding 72.10% of paid-up capital, voted entirely in favour. This is an important early step, but the actual delisting will still need to go through SEBI's floor-price discovery and reverse book-building process.
Shareholders have greenlit the delisting process, meaning the stock will eventually stop trading on BSE once the formal SEBI delisting procedure is completed. Minority shareholders should brace for an exit opportunity through reverse book building, and liquidity on BSE will gradually dry up as the company moves toward going private.