Tulive Developers Announces Exit Offer Ahead of BSE Delisting, Sets Share Price at ₹ 750/-

Tulive Developers Announces Exit Offer Ahead of BSE Delisting, Sets Share Price at ₹ 750/-​

Tulive Developers Ltd has launched an Exit Offer inviting Residual Public Shareholders to tender their Equity Shares in response to the company's delisting from BSE. The Acquirers have set the final Exit Price for the shares at ₹ 750/- per Equity Share, signaling a definitive move towards delisting from the stock exchange.

The company is facilitating this exit opportunity after the successful completion of a Delisting Offer initiated earlier in the year through a reverse bookbuilding process. The Acquirers, which include Altis Properties Private Limited and GKS Technology Park Private Limited, have accepted the Discovered Price as the final Exit Price. As of the date of the Exit Letter of Offer, the shareholding belonging to the promoter group stands at 20,32,127 Equity Shares, representing 94.32% of the total outstanding Equity Shares.

The company received final approval from BSE regarding the delisting and is set to discontinue trading on the stock exchange. The shares are scheduled to be suspended from trading effective June 25, 2026, with full delisting effect expected on July 03, 2026.

Exit Offer Details and Timeline​

The Exit Offer provides a one-year window for Residual Public Shareholders—those who either failed to participate in the earlier Reverse Bookbuilding Process or those who were unsuccessful in their bid—to tender their shares at the specified Exit Price.

The key details of the Exit Offer are summarized below:

Invitation to Tender​

The Acquirers have invited all Residual Public Shareholders to submit their bids for the Equity Shares at the stated Exit Price. The process is managed by Saffron Capital Advisors Private Limited, who serve as the Manager to the Delisting Offer. Cameo Corporate Services Limited has been appointed as the Registrar to the Delisting Offer.

Residual Public Shareholders must complete and submit the required documents through the designated channels within the set Exit Window (July 03, 2026, to July 02, 2027).

Payment Mechanism and Procedure​

The Acquirers are committed to acquiring the shares from Residual Public Shareholders within a period of one year from the date of delisting. The acquisition will be conducted through an off-market transaction, meaning that these shares are not subject to securities transaction tax (STT).

Payment of the applicable consideration, after deducting any withholding tax, will be made by the Acquirers via electronic credit transfer to the Residual Public Shareholders who have validly tendered their Equity Shares. The payment is intended to follow a Monthly Payment Cycle, with the first cycle commencing within 10 working days from July 02, 2027.

The process for tendering shares varies depending on whether the shareholder holds the Equity Shares in dematerialized or physical form. Shareholders are required to adhere strictly to the procedures outlined in the Exit Letter of Offer and related documents.

Key details regarding the submission include:

• Physical Shareholder: Must submit the Exit Application Form along with original share certificate(s), a duly signed transfer deed, copy of PAN card, and bank passbook/statement attested by the bank.
• Demat Shareholder: Must submit the Exit Application Form along with a counterfoil or photocopy of the delivery instruction slip evidencing the transfer of dematerialized Equity Shares to the Special Depository Account established for the offer.

The Special Depository Account details, managed through Stock Holding Corporation of India Limited and NSDL, have been provided for demat shareholders.

Stock Price Movement​

Tulive Developers Ltd settled at ₹1170.00 on Wednesday, marking zero percentage change in its stock value after market close. The shares traded completely flat for the entire session, as the security failed to move outside the intraday range of ₹1170.00.