BSECompany Update22 Jun 2026 · 22 Jun 2026, 12:48 pm

Saffron Capital Advisors Pvt. Ltd. (Manager to the Delisting Offer") has submitted to BSE a copy of Exit Offer Public Announcement for the attention of the Public Shareholders of Tulive ....

Tulive Developers Ltd · 505285

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Tulive Developers Ltd's delisting process is nearing completion. Saffron Capital Advisors, Manager to the Delisting Offer, has submitted an Exit Offer Public Announcement. Acquirers Altis Properties Private Limited and GKS Technology Park Private Limited, along with Persons Acting in Concert, intend to voluntarily delist the company by acquiring all public shareholder equity shares. BSE has approved the delisting, with trading discontinuing from June 25, 2026, and the shares officially delisted from July 03, 2026. This announcement, dated June 22, 2026, marks a final procedural step in the delisting offer.

Analysis Scores

Earnings Impact5/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact1/10
Market Sentiment4/10

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Full Announcement

Tulive Developers Ltd - 505285 - Exit Offer Public Announcement

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Saffron Capital Advisors Private Limited 304, A Wing, 215 Atrium, M V Road, Chakala, Andheri East, Mumbai-400093 Tel.: +91-22-49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 June 22, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001 Scrip Code: 505285 Dear Sir/Madam, Sub: Submission of Exit Offer Public Announcement for delisting offer of Tulive Developers Limited (“Target Company”), in terms of SEBI (Delisting of Equity Shares) Regulations, 2021 ("SEBI Delisting Regulations") Altis Properties Private Limited (“Acquirer 1”) and GKS Technology Park Private Limited (“Acquirer 2”) (Collectively referred to as “Acquirers”), along with Atul Gupta (“PAC 1”) and K V Ramana Shetty (“PAC 2”) (Collectively referred to as “Persons Acting in Concert” or “PACs”), had expressed their intention to voluntarily delist the equity shares of Tulive Developers Limited (the “Target Company”). The Acquirers proposes to (a) acquire all the Equity shares that are held by Public Shareholders, either individually or together with other members of the Promoter Group, as the case may be; and (b) consequently voluntarily delist the Equity Shares from the Stock Exchange where the Equity Shares are presently listed namely, BSE Limited, by making a delisting offer in accordance with the Delisting Regulations ("Delisting Proposal"). With regards to the Delisting Proposal, Saffron Capital Advisors Private Limited is acting as the “Manager to the Delisting Offer” pursuant to and in accordance with Regulation 9 of the SEBI Delisting Regulations. Saffron Capital Advisors Private Limited, as the Manager to the Delisting Offer, had issued an Initial Public Announcement on November 10, 2025, (“IPA”) and published the Detailed Public Announcement on April 06, 2026 (“DPA”). A copy of the Letter of Offer (including Bid Forms) (“LOF”) was dispatched to the Public Shareholders on or before April 08, 2026. The bidding period for reverse book building started on Wednesday, April 15, 2026, and ended on Tuesday, April 21, 2026. The outcome of the reverse book building was announced in terms of Regulation 17(3) of the SEBI Delisting Regulations on Tuesday, April 21, 2026. Further, BSE vide its notice number 20260618-19 dated June 18, 2026 (“BSE Final Delisting Approval”) has communicated that Equity Shares of the Target Company (BSE Scrip Code:- 505285) shall be discontinued from trading w.e.f. Thursday, June 25, 2026 (“BSE Date of Discontinuance of Trading”) and the above referred Scrip Code will be delisted from BSE with effect from Friday, July 03, 2026 (“BSE Date of Delisting”). We are enclosing herewith the copy of the Exit Offer Public Announcement (“Exit Offer PA”) dated June 20, 2026, for the Delisting Offer published today i.e. June 22, 2026, in following newspapers. Newspapers Languages Editions Financial Express English All Editions Jansatta Hindi All Editions Navshakti Marathi Mumbai Edition We request you to kindly disseminate the Exit Offer PA on your website at the earliest. Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/ SEBI Registration No: INM000011211 Saffron Capital Advisors Private Limited 304, A Wing, 215 Atrium, M V Road, Chakala, Andheri East, Mumbai-400093 Tel.: +91-22-49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 Capitalised terms used in this letter unless defined herein shall have the same meanings as ascribed to them in the enclosed Post Offer PA. In case you require any information or clarification the under-signed may be contacted: Contact Person Telephone Email Pooja Jain +91 22 4973 0394 delistings@saffronadvisor.com Thanking you, Yours sincerely, For Saffron Capital Advisors Private Limited Pooja Jain Senior Manager Equity Capital Markets Encl:a/a Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/ SEBI Registration No: INM000011211 marathi.freepressjournal.in grAm¶EZ…- Eb65110Q>rEZ2014nrEbgr097792 Am¶S>rE’$gr ’$ñQ>© ~±H$ {b{‘Q>oS (cid:73)(cid:68)(cid:70)(cid:67)(cid:32)(cid:70)(cid:73)(cid:82)(cid:83)(cid:84) Zm|XUrH¥$V H$m¶m©b¶ : Ho$AmaE‘ Q>m°dg©, 7dm ‘Obm, h°[a¨½Q>Z amoS>, MoVnoV, MoÞB©-600031. 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