BSE Limited has granted listing approval for 27,04,03,280 equity shares allotted on preferential basis by IDream Film Infrastructure Company Limited . The approval covers two distinct tranches of shares issued at a face value of Rs. 10 each, addressing both cash infusion and share swap arrangements.

The exchange issued Letter No. LOD/PREF/AP/FIP/415/2026-27 dated June 19, 2026, for the listing of 40,00,000 equity shares. These shares, bearing distinctive numbers 150001 to 4150000, were allotted to the promoter on a preferential basis for cash.

Additionally, BSE issued Letter No. LOD/PREF/AP/FIP/416/2026-27 dated June 19, 2026, for the listing of 26,64,03,280 equity shares. These shares, bearing distinctive numbers 4150001 to 270553280, were allotted to promoters and non-promoters on a preferential basis pursuant to a share swap agreement.

The following table details the breakdown of the approved listings:

The intimation was submitted to the Corporate Relations Department of BSE Limited on June 20, 2026, by Managing Director Kalpana Morakhia. The shares are now approved for trading on the exchange following the completion of these allotment procedures.

IDream Film Infrastructure Company Limited reported a standalone net loss of ₹282.13 lakh for the financial year ended March 31, 2026, widening from a loss of ₹21.10 lakh in the previous year. The company's total income from operations stood at ₹1.70 lakh for the year, while total expenses increased to ₹288.83 lakh. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 26, 2026.

Financial Performance

The company reported a consolidated net loss of ₹23.12 lakh for FY26. Statutory auditors issued an unmodified opinion on the financial results. The auditor's report highlighted that the company has been continuously incurring operating losses and has negative net worth, with accounts prepared on a going concern basis considering the change in management and exploration of new business opportunities.

Strategic Developments

The company completed the acquisition of a 100% stake in E-Tunnel Inc., a South Korea-based entity specializing in biometric authentication hardware. The transaction was finalized through a preferential allotment of 26,64,03,280 equity shares of ₹10 each at an issue price of ₹10 per share, amounting to a total consideration of ₹266.40 crore. This issuance was for consideration other than cash, specifically towards the acquisition of 22,01,680 shares of face value 500 KRW each in E-Tunnel Inc.

Additionally, the company allotted 40,00,000 equity shares aggregating ₹4 crore to Northvale Capital Partners Private Limited on a preferential basis. These transactions, approved by shareholders on January 27, 2026, and receiving regulatory approvals on May 8, 2026, resulted in a change of control of the company.

Operational Details

E-Tunnel Inc., incorporated on December 14, 2021, operates in the biometric authentication hardware development and manufacturing sector. The target entity reported a turnover of ₹21.14 crore for the calendar year 2024. The acquisition enables IDream Film to enter the global biometric security market by integrating E-Tunnel’s proprietary finger-vein authentication technology, which is protected by patents across Korea, the U.S., Europe, and Japan.