View document text
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$AmaE‘ Q>m°dg©, 7dm ‘Obm, h°[a¨½Q>Z amoS>, MoVnoV, MoÞB©-600031. (nydu H°${nQ>b ’$ñQ>© {b{‘Q>oS>, Am¶S>rE’$gr ~±H$ {b{‘Q>oSgh EH${ÌV>
(cid:66)(cid:97)(cid:110)(cid:107) Xÿ. … +91 44 4564 4000, ’°$³g … +91 44 4564 4022 Am{U AmVm Am¶S>rE’$gr ’$ñQ>© ~±H$ {b{‘Q>oS> Aer kmV)
OmoS>nÌ -IV-E ({Z¶‘ 8(6) d 9(1) Mr VaVwX nhm)
ñWmda {‘iH$VtÀ¶m {dH«$sH$arVm {dH«$s gyMZm
{g³¶w[aQ>m¶PoeZ A°ÊS> [aH$ÝñQ´>³eZ Am°’$ ’$m¶ZmpÝe¶¶b A°goQ>g ²A°ÊS> EÝ’$mog©‘|Q> Am°’$ {g³¶w[aQ>r B§Q>aoñQ> A°³Q>, 2002
ghdmMVm {g³¶w[aQ>r B§Q>aoñQ> (EÝ’$mog©‘|Q>) ê$ëg, 2002 À¶m {Z¶‘ 8(6) d 9(1) gmR>r na§VwH$m§Ýd¶o ñWmda ‘ÎmoÀ¶m {dH«$sH$[aVm B©-{bbmd {dH«$s gyMZm.
gd©gm‘mݶ OZVm Am{U {deofV… Vº$m H«$. (iii) Zwgma H$O©Xma, gh-H$O©Xma Am{U h‘rXma ¶m§Zm gyMZm ¶mÛmao XoʶmV ¶oVo H$s, Imbrb d{U©bobr Vº$m H«$. (iv) à‘mUo ñWmda {‘iH$V hr VmaU YZH$m|H$S>o
JhmU/à^m[aV Amho {OMm H$ãOm ¶mAmYr Am¶S>rE’$gr ~±H$ {b. Aer kmV À¶m àm{YH¥$V A{YH$mè¶m§Zr KoVbm Amho, Vr Vº$m H«$. (i) Zwgma H$O©Xma Am{U gh-H$O©Xma ¶m§À¶mH$Sy>Z Am¶S>rE’$gr ’$ñQ>©
Am°ZbmB©Z ‘mb‘Îmm
~±H$ {b{‘Q>oS> (¶mAmYr Am¶S>rE’$gr ~±H$ {b. Aer kmV) ¶m§Zm WH$sV a¸$‘oÀ¶m dgwbrH$arVm ""Oo Amho OoWo Amho'' ""Oo Amho Ogo Amho'' Am{U ""Oo H$m{h Amho VoWo Amho'' VËdmZo {dH$ʶmV ¶oUma Amho.
gìm}jU
{dH«$sÀ¶m AQ>r Am{U eVvH$arVm, H¥$n¶m Am¶S>rE’$gr ’$ñQ>© ~±H$ do~gmB©Q åhUOoM> www.idfcfirstbank.com ‘ܶo nwa{dboë¶m qbH$Mm g§X^© ¿¶mdm.
A. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x)
H«$. ‘mJUr gyMZm H$ama Am¶S>r H$O©Xma Am{U JhmU {‘iH$V nÎmm amIrd qH$‘V BAa a¸$‘ {bbmdmMr {bbmdmMr BAa {ZarjUmMr àm{YH¥$V A{YH$mè¶m§Mo
a¸$‘ gh-H$O©Xma Am{U a¸$‘ VmarI Am{U VmarI Am{U VmarI Am{U Zmd Am{U ‘mo~mB©b H«$.
h‘rXmam§Mo Zmd doi doi doi
1. é. 72594169 AmË‘mam‘ gmoZmOr Ka {‘iH$V YmaH$ Or.nr. ^mê$ ^mê$ . 28-Owb¡- 27-Owb¡- 21-Owb¡- Zmd - d¡^d qeXo
484202.45/- nmR>aH$a, gwZrVm AmË‘mam‘ hmD$g H«$. 670 (ZdrZ), 105765.00/- 105765.30/- 2026 2026 2026 g§nH©$ H«$. - 8446893189
nmR>aH$a, AmË‘mam‘ 520 (OwZm), ‘moO‘mn g. 10.00 g. 10.00 Vo g. 10.00 Vo
‘mJUr gMy Zm gmoZmOr nmR>aH$a Ûmam gmB© 40*17, EHy$U joÌ\$i Vo gm¶§. 5.00 gm¶§. 4.00
{XZmH§$ : Bbo³Q´>m°{ZH$ Xþ. 1.00
73.168 Mm¡. ‘rQ>a,
17-Am³°Q>m.o-
Q>mH$adU ¶oWo pñWV, Vm. {‘iH$VrMo ³¶wAma
2023
: ‘mObJmd, {Oëhm : ~rS>, ‘hmamï´>-431129 Mo gd© H$moS {R>H$mU
Vo ^mJ Am{U {d^mJ. gr‘m~Õ : nyd}g : añVm, npíM‘og Am{U ’$moQ>mo
: añVm, CÎmaog : gXmZ OmYd d X{jUog : dÀN>b~mB©
2. ^mê$ 5033296, g˶_ Ep³P_Q>o³g 107 Am{U 108, bodb 1, ^mê$ ^mê$ . 10-Owb¡- 09-Owb¡- 02-Owb¡- Zmd - ‘mohrV {‘lm
63514017.56/- 7498234 B§Q>aZ°eZb àm¶ìhoQ> X g_rQ> {~PZog ~o, g_W© 39208536.00/- 3920853.60/- 2026 2026 2026 g§nH©$ H«$‘m§H$ - 7045066414
Am{U {b{_Q>oS>, gabm Ama d_m© ZJa, hZw_mZ amoS>, S>ãë¶w.B©. g. 10.00 g. 10.00 Vo g. 10.00 Vo Zmd - {à¶§H$m amoMram‘mZr
‘mJUr gMy Zm 5076610 g˶_ Ep³P_Q>o³g hm¶do, {dbo nmb} (ny), _w§~B© Vo gm¶§. 5.00 gm¶§. 4.00 g§nH©$ H«$‘m§H$ - 7400429287
{XZmH§$: B§Q>aZ°eZb àm¶ìhoQ> - 400 057 Xþ. 1.00
13-Zmìoh-| 2017 {b{_Q>oS>, gabm amOHw$_ma
E§Q>aàmB©O, AaqdX Amo_àH$me d_m©, _Zrfm E§Q>aàmB©O, {‘iH$VrMo ³¶wAma
_Zrfm E§Q>aàmB©O, AaqdX Amo_àH$me d_m© g˶_ H$moS {R>H$mU
Ep³P_Q>o³g B§Q>aZ°eZb àm¶ìhoQ> {b{_Q>oS Am{U AaqdX Am{U ’$moQ>mo
Amo‘àH$me d‘m©>
3. ^mê$ 6983613 YZ§O¶ Eg. qbJm¶V Zm|XUrH¥$V {Oëhm R>mUo Am{U ^mê$ ^mê$ . 10-Owb¡- 09-Owb¡- 02-Owb¡- Zmd - ‘mohrV {‘lm
1487962.37/- Am{U Am{U Cfm e§H$a qbJm¶V Cn-{Oëhm H$ë¶mU, VmbwH$m: 3217500.00/- 321750.00/- 2026 2026 2026 g§nH©$ H«$‘m§H$ - 7045066414
20517154 H$ë¶mU, {Oëhm: R>mUo, ‘hmamï´> g. 10.00 g. 10.00 Vo g. 10.00 Vo Zmd - {à¶§H$m amoMram‘mZr
‘mJUr gyMZm - 421201 À¶m hÔt‘Yrb Vo Xþ. 1.00 gm¶§. 5.00 gm¶§. 4.00 g§nH©$ H«$‘m§H$ - 7400429287
{XZm§H$: Am{U Zm§{Xdbr n§MmZ§X
25-OyZ-2025 J«m‘n§Mm¶VrÀ¶m hÔt‘Yrb Jmd: Zm§{Xdbr ¶oWo Agboë¶m Am{U pñWV gìh} H«$. 85 ^mJ 7/2 Am{U gìh} H«$. 85 {‘iH$VrMo ³¶wAma
^mJ 15 YmaH$ O{‘Zrda ~m§YH$m{‘V ¶moJ‘ ao{gS>oÝgr Aem kmV B‘maVr‘Yrb B‘maV
[Showing first 8,000 characters — download PDF for full document]