Dreamfolks Services Limited has approved the grant of 1,98,000 Employee Stock Options under its Dreamfolks ESOP 2021 scheme. The decision was taken by the company's Nomination and Remuneration Committee during a meeting held on May 23, 2026. These options are convertible into an equal number of fully paid-up equity shares, each with a face value of ₹2.

Key Details of the Grant

The options have been granted to eligible employees of the company. The exercise price for the options has been fixed at ₹96.46, subject to the conditions outlined in the Dreamfolks ESOP 2021. The scheme is compliant with the SEBI (SBE & SE) Regulations, 2021.

Exercise Timeline and Conditions

Following vesting, the options can be exercised either wholly or partly. The maximum period allowed for exercise is five years from the date of respective vesting. This right is contingent upon the employee's continued employment with the company at the time of vesting. To exercise the options, eligible employees must submit an application along with payment of the exercise price, applicable taxes, and any other charges.

Summary of ESOP Grant

Dreamfolks Services Limited has disclosed that an insolvency petition has been filed against it under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Travel Food Services Limited, an operational creditor of the company. The petition has been submitted before the National Company Law Tribunal – New Delhi Bench (NCLT, New Delhi), alleging default in payment and alleged interest amount towards services rendered by the operational creditor. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated May 16, 2026.

Petition Details

The petition seeks initiation of the Corporate Insolvency Resolution Process (CIRP) against Dreamfolks Services. The key details of the petition are outlined below:

Company's Response

Dreamfolks Services has strongly disputed the claims made in the petition. The company stated that the alleged amount of approximately Rs. 11.40 crore is contested, and that appropriate provisions, as considered necessary, have already been made in its books of accounts. The company further asserted that it continues to maintain a strong and healthy financial position, and that the matter is not indicative of any financial stress relating to the company.

The company has stated it will take all necessary and appropriate steps to protect its interests and object to the allegations in the matter. Key points from the company's position include:

• The claims are strongly disputed by the company.
• Appropriate provisions have been made in the books of accounts.
• The company maintains a strong and healthy financial position.
• The matter is not indicative of any financial stress.
• The company will take all necessary steps to protect its interests and contest the allegations.

Disclosure and Transparency

The disclosure was made in the interest of transparency, governance, and investor awareness, as stated by the company. Dreamfolks Services has indicated that further updates, if any, will be duly intimated to the stock exchanges. The intimation was signed by Harshit Gupta, Company Secretary and Compliance Officer of Dreamfolks Services Limited.