Dreamfolks Services Limited has successfully completed its postal ballot process for the reappointment of Mr. Balaji Srinivasan (DIN: 03512187) as Executive Director and Chief Technology Officer. The remote e-voting process concluded on March 25, 2026, with shareholders demonstrating overwhelming support for the special resolution.

Voting Process and Timeline

The postal ballot notice was dispatched electronically to shareholders on February 20, 2026, with the same date serving as the cut-off date for determining eligible voters. The remote e-voting period commenced on February 24, 2026 at 09:00 A.M. IST and concluded on March 25, 2026 at 05:00 P.M. IST.

Overwhelming Shareholder Support

The voting results demonstrated strong confidence in the reappointment decision. Out of 53,269,862 total shares, 35,274,288 votes were polled, representing a participation rate of 66.22%. The resolution received exceptional support with 99.95% of valid votes cast in favour.

Category-wise Voting Breakdown

The voting pattern across different shareholder categories showed consistent support for the resolution. Promoter and promoter group shareholders, holding 35,007,532 shares, voted unanimously in favour with 35,007,232 votes polled (99.9991% participation). Public institutions with 58,722 shares showed 100% support with 388 votes polled. Public non-institutions, representing 18,203,608 shares, had 266,668 votes polled with 94.03% voting in favour.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI LODR Regulations. The company utilized NSDL's e-voting platform and followed MCA circulars including General Circular No. 03/2025 dated September 22, 2025. Mr. Deepak Kukreja of DMK Associates served as the scrutinizer, submitting his report on March 25, 2026.

The successful completion of this postal ballot process enables Mr. Balaji Srinivasan to continue in his role as Executive Director and Chief Technology Officer, with the approved remuneration structure as detailed in the resolution.

Dreamfolks services Limited has received a GST demand order worth ₹7.00 crore from the Revenue Bureau of Investigation, the company disclosed in a regulatory filing dated March 10, 2026. The order was issued by the Office of the Special Commissioner of Revenue, Bureau of Investigation (South Bengal) and received by the company on March 09, 2026.

GST Demand Breakdown

The demand order imposes both tax and penalty components across Central GST (CGST) and State GST (SGST) categories:

Nature of Alleged Violation

The GST demand pertains to alleged violations of provisions relating to 'place of supply' under Section 12(3) of the Integrated Goods and Services Tax Act, 2017. The violations are specifically related to the financial year 2022-23, indicating the demand covers transactions from that period.

Company's Response and Impact Assessment

Dreamfolks Services has stated that it does not presently envisage any immediate material impact on its financials, operations or other activities arising from this matter. The company is currently evaluating appropriate recourse of action to challenge the aforesaid order.

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory requirements for material events that could impact stakeholder interests.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the GST demand order. The information has also been made available on the company's official website at www.dreamfolks.com , ensuring transparency for all stakeholders.