Dreamfolks Services has disclosed, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has successfully completed the first phase of its proposed acquisition of ETT Solutions DMCC. This transaction involves a combination of secondary purchase of shares and primary subscription to freshly issued shares, with prior disclosures having been made on December 01, 2025 and April 23, 2026.

Acquisition Details

The first phase of the transaction, pertaining to the secondary acquisition of shares, has been completed and duly registered with the Dubai Multi Commodities Centre Authority. As a result, Dreamfolks Services' shareholding in ETT Solutions DMCC presently stands at 34%. The following table summarises the key parameters of the transaction:

Primary Subscription Phase

The subsequent phase relating to primary subscription to freshly issued shares is presently under process and is expected to be completed upon conclusion of the remaining procedural and regulatory formalities. While the company had initially indicated an estimated timeline of 120 business days for completion of the overall transaction, Dreamfolks Services has informed the stock exchanges that the primary subscription phase may extend beyond this indicative timeline. The company has stated that it remains committed to completing the transaction in accordance with applicable laws and will continue to keep the stock exchanges informed of material developments.

Key Highlights

• Dreamfolks Services has completed the first phase of the acquisition of ETT Solutions DMCC via secondary share purchase.
• The transaction has been duly registered with the Dubai Multi Commodities Centre Authority.
• The company currently holds a 34% stake in ETT Solutions DMCC.
• The primary subscription phase is ongoing and may extend beyond the initially indicated 120 business days.

This disclosure was signed by Harshit Gupta, Company Secretary and Compliance Officer of Dreamfolks Services, and the information is also available on the company's website at www.dreamfolks.com .

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.