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Tulive Developers Limited Delisting Announcement 2026

Apr 21, 2026

63768_rns_2026-04-21_a4f9d9c9-f5fb-4dd7-9d93-16c3a8fd8fc4.pdf

Delisting Announcement

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Date: April 21, 2026

To Listing Department BSE Limited Phiroz Jeejeebhoy Towers, Dalal Street Mumbai – 400001

Scrip Code: 505285

Dear Sir/Madam,

Sub: Outcome of Reverse Book Building Process under Regulation 17(3) of the SEBI (Delisting of Equity Shares) Regulations, 2021.

- “ ” Ref: Voluntary Delisting of Equity Shares of face value of Rs. 10/ each ( Equity Shares ) of Tulive Developers Limited (“Target Company”) from BSE Limited in accordance with the provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulation, 2021, as amended from time to time (“SEBI Delisting Regulation”) (“Delisting Offer”)

Dear Sir/Madam,

In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, we are attaching herewith a copy communication dated April 21, 2026, received from Saffron Capital Advisors Private Limited, Manager to the Delisting Offer, on the above subject, which is self-explanatory.

The same will also be available on the website of the Company at www.tulivedevelopers.com.

We request you to kindly take the above submission on record.

Thanking you, Yours Faithfully, For Tulive Developers Limited

ATUL Digitally signed by ATUL GUPTA GUPTA Date: 2026.04.21 19:42:05 +05'30'

Name: Atul Gupta Designation: Director DIN: 01608328 Encl: a/a

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Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai - 400059 Tel.: +91-22-49730394 Email: [email protected] Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711

April 21, 2026

To,

Tulive Developers Limited

21/22, Loha Bhavan P. D. Mello Road, 400009, Mumbai, Maharashtra, India Scrip Code: 505285

Dear Sir/Madam,

Sub: Outcome of Reverse Book Building Process under Regulation 17(3) of the SEBI (Delisting of Equity Shares) Regulations, 2021.

Ref: Voluntary Delisting of Equity Shares of face value of Rs. 10/- each (“Equity Shares”) of Tulive Developers Limited (“Target Company”) from BSE Limited in accordance with the provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulation, 2021, as amended from time to time (“SEBI Delisting Regulation”) (“Delisting Offer”)

The Delisting Offer opened on Wednesday, April 15, 2026, and closed today i.e., Tuesday, April 21, 2026 , at the end of market hours on BSE Limited (“BSE” ). Cameo Corporate Services Limited (“Registrar to the Delisting Offer” ) and Saffron Capital Advisors Private Limited ( “Manager to the Delisting Offer” ) have analyzed the bids data received from BSE and in consultation with the Acquirers and Registrar to the Delisting Offer, the outcome of the Reverse Book Building Process (“RBBP”) is hereby disclosed and announced in terms of Regulation 17 (3) of the SEBI Delisting Regulations.

Scrip Name Tulive Developers Limited Tulive Developers Limited
Symbol ScripCode: 505285
lssue Period Wednesday,April 15,2026 to Tuesday,April 21,2026
Floor Price(Rs.) Rs. 719.30/- Per EquityShare
Indicative Price(Rs.) Rs. 750/- Per EquityShare
Delisting Offer size 6,01,135 EquityShares
Discovered Price (Rs.) Rs. 750/- Per Equity Share
Number of equity shares and bids Total 4,79,058 Equity Shares with 19 successful bids received
between price range from Rs. 719.30/- Per Equity Share to Rs.
900/-Per Equity Share
Number of equity shares and bids
above the discovered price
No. of Equity Shares: 171
No. of Bids: 2
Whether
delisting offer is
successful in terms of Regulation
21 of SEBI (Delisting of equity
shares) Regulations 2021
Total issued equity shares 21,54,375
Shares held by custodian(s) against which
depository receipts have been issued
overseas
Nil
Shares
transferred
to
the
Investor
Education and Protection Fund’s account
in terms of Regulation 21(a) of SEBI
DelistingRegulations
Nil
Shares
held
by
trust
set
up
for
implementing
an
Employee
Benefit
scheme under the Securities and Exchange
Board of India (ShareBasedEmployee
Nil

SEBI Registration No: INM000011211

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Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai - 400059 Tel.: +91-22-49730394 Email: [email protected] Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711

Benefits) Regulations, 2014 or Securities
and Exchange Board of India (Share Based
Employee Benefits and Sweat Equity)
Regulations, 2021
Benefits) Regulations, 2014 or Securities
and Exchange Board of India (Share Based
Employee Benefits and Sweat Equity)
Regulations, 2021
Benefits) Regulations, 2014 or Securities
and Exchange Board of India (Share Based
Employee Benefits and Sweat Equity)
Regulations, 2021
Shares held by inactive shareholders such
as vanishing companies and struck off
companies in terms of Regulation 21(a) of
SEBI DelistingRegulations
Nil
Shares held in terms of sub-regulation (4)
of regulation 39 read with Schedule VI of
the Securities and Exchange Board of India
(Listing
Obligations
and
Disclosure
Requirements) Regulations 2015.
Nil
Remaining shares 21,54,375
Minimum number of shareholding to be
achieved i.e., 90% of the Remaining shares
as per Regulation 21 of SEBI Delisting
Regulations.
19,38,938
Particulars No.
of
Equity
Shares
%
of
total
issued
equity
shares
%
of
remainin
g shares$
Pre-
Delisting
Offer
Promoter and Members of
Promoter
Group
Shareholding
15,53,240 72.10% 72.10%
No. of Equity Shares
successfully Bid at or
below Discovered Price
4,78,887 22.22% 22.22%
Post
Delisting
Offer
Promoter and Members of
Promoter
Group
Shareholding (Also refer
to the outcome below)
20,32,127 94.32% 94.32%
$Since no shares are required to be excluded in terms of
Regulation 21(a) of the SEBI Delisting Regulations, the remaining
shares shall be equivalent to the total issued capital.
No equity shares held in physical form have been tendered in the
delisting offer.
As the post Delisting Offer shareholding of the Acquirers, along
with the other promoter and promoter group, has exceeded 90%
(94.32%) of total number of issued Equity Shares (excluding
Shares as provided under Regulation 21(a) SEBI Delisting
Regulations), the Delisting Offer is successful in terms of
Regulation 21 of the SEBI Delisting Regulations,Discovered
Price/Exit Price of Rs. 750/- per Equity Share is accepted by
the Acquirers.

SEBI Registration No: INM000011211

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Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai - 400059 Tel.: +91-22-49730394 Email: [email protected] Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711

Discovered Price/Exit Price is accepted by the Acquirers , the payment will be made to all the successful bidders in accordance with Regulation 24 and other provisions of the SEBI Delisting Regulations, SEBI Circulars and the settlement calendar of Indian Clearing Corporation Limited. Lien on unaccepted / rejected shares will be released on the Equity Shares in their respective Demat accounts of the Public Shareholders in accordance with Regulation 23 of the SEBI Delisting Regulations.

In terms of Regulation 17(4) and Regulation 22(4A) of the SEBI Delisting Regulations, a post offer public announcement disclosing the success or failure of the reverse book building process and / or counter offer and acceptance or rejection of the Discovered Price will be made in the same newspapers in which the Detailed Public Announcement was made.

For Saffron Capital Advisors Private Limited

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Pooja Jain Senior Manager and Compliance Officer Equity Capital Markets

SEBI Registration No: INM000011211