iDream Film Infrastructure Company Limited appointed M/s. D.C. Parikh & Co., Chartered Accountants, as its new statutory auditors for a term of five years, commencing from FY27 through FY31.

The appointment was approved by shareholders at the Annual General Meeting held on September 29, 2026. This decision fills the casual vacancy created by the resignation of the previous auditors, M/s. Kanu Doshi Associates LLP.

Auditor Transition Details

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on October 1, 2026. The scrutinizer report confirming the shareholder approval was received on the same date.

Profile of New Auditors

M/s. D.C. Parikh & Co. is a firm of Chartered Accountants with a firm registration number of 107537W. The firm provides professional services including statutory audit, internal audit, taxation, accounting, and other related advisory services. It has experience in providing audit and assurance services to various entities.

The company disclosed that there are no relationships between the directors of iDream Film and the incoming audit firm. The appointment aligns with SEBI Master Circular guidelines regarding auditor disclosures.

iDream Film Infrastructure Company Limited shareholders unanimously approved all 15 resolutions at its 45th Annual General Meeting held on September 29, 2026. The scrutinizer's report, submitted on October 1, 2026, confirmed 100% votes in favour across all items, including financial results, director appointments, and corporate governance changes.

The meeting, conducted via video conferencing, was chaired by Ross William Brierty. Key strategic initiatives discussed included the integration of eTunnel with listed group governance standards, the introduction of technology products in India, expansion of institutional deployments, and entry into new international markets. The company also emphasized continued investment in the P2N2 platform while maintaining its heritage media business as a stable, cash-generative unit.

Voting Results Overview

The scrutinizer, Ruchita Patel & Associates, reported that 263 shareholders were on record as of the cut-off date (September 23, 2026). Voting participation included 26 attendees during the meeting and 19 remote e-voters. The total number of votes cast across both modes was 124,412,914, with zero votes against or abstentions.

Director Appointments and Regularizations

Shareholders approved the re-appointment of Upveen Harpal as a director liable to retire by rotation. Additionally, the meeting regularized the positions of Baljit Singh, Honey Baljit Singh, and Upveen Harpal as additional non-executive directors. Two independent directors were appointed for a five-year term: Ross William Brierty and Prerana S Bokil. The company also appointed M/s. D.C. Parikh & Co., Chartered Accountants, as statutory auditors for the upcoming term.

Detailed disclosures under SEBI Listing Regulations clarify the nature of these appointments. Baljit Singh (DIN: 00711152) and Honey Singh (DIN: 02589597) were regularized as Non-Executive, Non-Independent Directors. Honey Singh is the daughter of Baljit Singh. Upveen Harpal (DIN: 06800217) was also regularized as a Non-Executive, Non-Independent Director.

Ross William Brierty (DIN: 10911462) and Prerana S. Bokil (DIN: 10272554) were appointed as Non-Executive Independent Directors for a term of five consecutive years, effective from June 24, 2026, to June 23, 2031. Brierty brings over 25 years of experience in corporate management and international business development, while Bokil is a qualified Company Secretary with over a decade of experience in corporate governance and legal compliances.

Corporate Actions and Governance

The AGM transacted several critical governance items, including approvals under Sections 180(1)(a), 180(1)(c), and 185 of the Companies Act, 2013. These sections typically relate to borrowing powers, investment limits, and loans to related parties, respectively. The shareholders also approved the alteration of the main object clause in the Memorandum of Association (MOA) and the adoption of a new set of MOA and Articles of Association (AOA).

Approval was also granted for the appointment of secretarial auditors for five consecutive years starting FY27. Pursuant to this resolution, members approved the appointment of M/s. Ruchita Patel & Associates, Practising Company Secretaries, as the Secretarial Auditor of the Company. The appointment covers a term of five consecutive financial years commencing from Financial Year 2026-27 up to Financial Year 2030-31.

Ruchita Patel & Associates is a peer-reviewed PCS firm based in Vadodara, specializing in corporate and allied laws. The firm provides comprehensive professional services in corporate law, SEBI regulations, FEMA compliance, and allied fields. The company stated that there are no relationships between the appointed firm and the directors.

The alteration of the Object Clause has been undertaken to incorporate revised objects of the company. The amendment aims to rationalize the existing MOA and AOA in conformity with the Companies Act, 2013. The contents of the old MOA and AOA, which were based on the Companies Act, 1956, have been diligently considered for incorporation into the new set of documents.

What the Numbers Show

While specific financial figures such as revenue or net profit were not disclosed in the meeting summary, the procedural focus highlights a period of structural transition. The simultaneous regularization of three additional directors and the appointment of two independent directors suggests a concerted effort to strengthen board composition. Furthermore, the approval to alter the MOA and adopt new Articles indicates a potential shift in the company’s operational scope or corporate structure, aligning with the Chairman’s remarks on integrating eTunnel and expanding into new markets. The unanimous voting result underscores strong promoter support for these strategic changes.