BSE has announced the live activities schedule for the Offer to Buy (OTB) – Acquisition Window (Takeover) for TULIVE DEVELOPERS LIMITED (Symbol: TULIVE, Scrip Code: 505285, ISIN: INE637D01015). The offer is open from Wednesday, 15th April 2026 to Tuesday, 21st April 2026 at an offer price of Rs. 719.30 per share for up to 6,01,135 equity shares with a face value of Rs. 10.00. Trading Members and Custodian Members of BSE are required to follow the specified session timings and operational procedures.

Key Points

• Security: TULIVE DEVELOPERS LIMITED | Symbol: TULIVE | ISIN: INE637D01015 | Scrip Code: 505285
• Offer Size: Up to 6,01,135 equity shares (Market Lot: 1)
• Face Value: Rs. 10.00 | Offer Price: Rs. 719.30
• Offer Period: 15th April 2026 (Wednesday) to 21st April 2026 (Tuesday)
• Bid Offering, Modification, and Upper Cancellation are available from 9:15 a.m. to 3:30 p.m. throughout the issue period
• Give-up and Take-up of the last offer are available only on 21st April 2026, from 9:15 a.m. to 4:00 p.m.
• Bidding categories include: FII, FI, MF, IC, OTH (Other QIBs), NOH (Other NIB), CO (Company), IND (Individual)
• OTB platform accessible via iBBS (internet and leased line) and RTRMS

Regulatory Changes

No new regulatory changes are introduced. This notice operationalizes an existing takeover acquisition window framework under BSE’s OTB mechanism. Members are directed to refer to Exchange Notices 20150930-1 (dated 30 September 2015) and 20170203-29 (dated 3 February 2017) for operational instructions.

Compliance Requirements

• Trading Members must ensure the UCC (Unique Client Code) of each investor is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
• Members can only bid for investors holding shares in demat form.
• Members and Custodians should note that if no securities are accepted, no End of Issue files will be generated on the Extranet.
• Extranet files for acceptance of bids will only be available after confirmation of acceptance is received by the Exchange from the Merchant Banker/RTA post issue closure.
• For leased line URL access settings, refer to Exchange Circular No. 20170503-12.

Important Dates

Impact Assessment

This circular has high impact on shareholders and trading members dealing in TULIVE DEVELOPERS LIMITED. The takeover offer at Rs. 719.30 per share for up to 6,01,135 shares is a significant liquidity event for existing shareholders who may tender their shares. Trading members must operationally prepare their systems, verify client UCC registrations, and ensure compliance with session timings. Failure to act within the prescribed window (especially the final Give-up/Take-up deadline on 21st April 2026 at 4:00 p.m.) will result in forfeiture of participation rights. Custodian members must coordinate closely with foreign and institutional investors to facilitate timely bid submissions across all eligible investor categories.

BSE, through ICCL (Indian Clearing Corporation Limited), has issued Notice No. 20260413-18 dated 13 April 2026 detailing the settlement schedule for the Offer to Buy under the Acquisition Window related to the delisting of Tulive Developers Limited. This notice is directed at Settlement and RMS segment participants.

Key Points

• Notice issued by ICCL under the Settlement/RMS category on 13 April 2026
• Covers the Offer to Buy – Acquisition Window mechanism specific to the delisting of Tulive Developers Limited
• Applicable to the General segment
• No attachments accompanying this notice

Regulatory Changes

No new regulatory changes introduced. This notice operationalizes the existing delisting framework under SEBI’s delisting regulations by providing the specific settlement schedule for the Tulive Developers Limited acquisition window.

Compliance Requirements

• Trading members and clearing members participating in the Offer to Buy for Tulive Developers Limited must adhere to the settlement schedule as specified by ICCL
• Participants should review the full notice on the BSE website for specific settlement dates, pay-in/pay-out obligations, and any margin requirements applicable to the acquisition window

Important Dates

• Notice Date: 13 April 2026
• Specific settlement window dates for the Offer to Buy are referenced in the notice; participants should refer to the BSE notice portal (Notice No. 20260413-18) for the detailed schedule

Impact Assessment

This notice has a targeted impact on market participants holding or transacting in Tulive Developers Limited shares. Brokers facilitating client participation in the delisting acquisition window must align their back-office and settlement operations with the prescribed schedule. The broader market impact is low, as this pertains solely to the delisting of one specific company.

BSE has announced the opening of the Offer to Buy (Acquisition Window) for the voluntary delisting of equity shares of Tulive Developers Limited. The acquirers — Altis Properties Private Limited and GKS Technology Park Private Limited, along with other Persons Acting in Concert (PACs) — seek to acquire 6,01,135 equity shares representing 27.90% of the company’s equity share capital from public shareholders through the Reverse Book-Building Process (RBBP). The offer window opens on April 15, 2026, and closes on April 21, 2026.

Key Points

• Target Company: Tulive Developers Limited
• Acquirers: Altis Properties Private Limited (Acquirer 1) and GKS Technology Park Private Limited (Acquirer 2), along with other PACs
• Shares Targeted: 6,01,135 fully paid-up equity shares (face value Rs. 10/- each), representing 27.90% of total equity share capital
• Floor Price: Rs. 719.30/- per equity share
• Indicative Price: Rs. 750/- per equity share
• Total Offer Size: Up to Rs. 45.08 Crores
• Process: Reverse Book-Building Process (RBBP)
• Offer Period: Wednesday, April 15, 2026 to Tuesday, April 21, 2026
• Offer details are available on the BSE website (www.bseindia.com)
• Letter of Offer is attached to the circular for reference

Regulatory Changes

No new regulatory changes introduced. The mechanism follows existing SEBI frameworks:

• SEBI circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015
• SEBI circular CFD/DCR2/CIR/P/2016/131 dated December 09, 2016
• BSE revised guidelines issued via notice nos. 20170210-16, 20190207-23, 20200528-32, and 20201102-43 governing acquisition of shares through stock exchange pursuant to Tender-Offers under Takeovers, Buy Back, and Delisting

The process is conducted under the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

Compliance Requirements

• Trading Members and Custodians must take note of the Offer to Buy window and facilitate participation by eligible public shareholders
• Public Shareholders of Tulive Developers Limited must submit their bids through the RBBP mechanism via their respective trading members during the offer window
• All market participants must comply with the SEBI Delisting Regulations, 2021, and the BSE revised guidelines for acquisition through the stock exchange
• Participants should review the attached Letter of Offer for detailed terms and conditions

Important Dates

Impact Assessment

This circular has high impact on public shareholders of Tulive Developers Limited. The delisting, if successful, will result in the company’s shares being removed from BSE trading, leaving public shareholders with no exchange-based liquidity post-delisting. Public shareholders must decide within the 7-day window (April 15–21, 2026) whether to tender their shares at or above the floor price of Rs. 719.30 or the indicative price of Rs. 750/-. The success of the delisting depends on the RBBP outcome and whether the discovered price meets the acquirers’ acceptance criteria under the Delisting Regulations, 2021. Trading members and custodians need to be operationally ready to process client orders during this window.