Dreamfolks Services Limited has successfully completed the first phase of its strategic acquisition of ETT Solutions DMCC, marking a significant milestone in the company's expansion plans. The completion was announced through a regulatory filing on April 23, 2026, updating stakeholders on the progress of the previously disclosed investment strategy.

Acquisition Progress and Current Shareholding

The company has completed the secondary purchase of shares in ETT Solutions DMCC, with the share transfer now officially registered with Dubai Multi Commodities Centre Authority. This development follows the board approval communicated on December 01, 2025, for the comprehensive investment plan in ETT.

Two-Phase Investment Strategy

The acquisition follows a structured two-phase approach designed to maximize strategic value. The first phase, now completed, involved the secondary purchase of existing shares, establishing Dreamfolks Services' initial stake in the Dubai-based entity. The company has outlined clear timelines for the subsequent phase, which will involve primary subscription to freshly issued shares.

Future Plans and Timeline

The second phase of the acquisition will proceed according to previously agreed timelines, involving primary subscription to new shares issued by ETT Solutions DMCC. Upon completion of this primary subscription phase, Dreamfolks Services' overall shareholding in ETT will reach 60.24%, representing a majority stake in the target company.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders. Company Secretary and Compliance Officer Harshit Gupta signed the regulatory filing, confirming the completion of necessary legal formalities and registration processes.

The strategic acquisition aligns with Dreamfolks Services' growth objectives and expansion into new markets, with ETT Solutions DMCC representing a valuable addition to the company's portfolio of investments and partnerships.

Dreamfolks services has issued a clarification to BSE Limited regarding recent price movement in its securities, stating that the volatility is purely market driven and not due to any undisclosed material information.

BSE Inquiry and Company Response

The clarification came in response to BSE's inquiry dated April 09, 2026, which sought explanation for significant movement in the company's share price across exchanges. The stock exchange had issued the inquiry under reference number L/SURV/ONL/PV/APJ/ 2026-2027 / 3665, requesting the company to provide reasons for the price volatility.

Compliance and Transparency Commitment

Dreamfolks Services emphasized its commitment to maintaining the highest standards of transparency and compliance in all disclosures. The company stated that it diligently disseminates all relevant information in accordance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that it has already updated stock exchanges with all material events and information as required under the SEBI LODR Regulations. This includes any information that may have a bearing on the company's operations or performance, including price-sensitive information.

Key Assurances

In its response, the company provided several key assurances:

• All material events have been disclosed to stock exchanges as required
• The company complies with SEBI LODR Regulations
• Continued commitment to keep exchanges informed of material events
• No undisclosed price-sensitive information exists

Official Authorization

The clarification was signed by Harshit Gupta, Company Secretary and Compliance Officer, with a digital signature timestamp of April 09, 2026, at 22:50:52 +05'30'. The document bears the official digital signature stamp of Dreamfolks Services Limited, confirming its authenticity and official nature.