IDream Film Infrastructure Company Limited has approved a significant restructuring of its Board of Directors and Key Managerial Personnel following a change in control. The decision was taken during a board meeting held on June 24, 2026, pursuant to a Share Purchase Agreement executed on December 22, 2025, between Northvale Capital Partners Private Limited, the company, and Aha Holdings Private Limited.

The Board approved the transfer of equity shares from the promoters to the purchaser, Aha Holdings Private Limited, as per the agreement. This transfer has been effected in accordance with the Companies Act, 2013, and SEBI regulations. Consequently, the company witnessed a complete overhaul of its leadership, with the outgoing Managing Director and several independent directors resigning due to the change in management.

Board Appointments and Cessations

The Board appointed five new directors to steer the company forward. Mr. Baljit Singh, Ms. Honey Singh, and Ms. Upveen Harpal were appointed as Additional Directors (Non-Executive, Non-Independent). Additionally, Mr. Ross William Brierty and Ms. Prerana S. Bokil were appointed as Non-Executive, Independent Directors, subject to shareholder approval within three months.

Simultaneously, the Board accepted the resignations of Ms. Kalpana Shripal Morakhia, Managing Director, and independent directors Mr. Milan Vinod Chitalia, Ms. Suchita Prashant Shah, and Mr. Paresh Shrikrishna Kadam. All cessations were effective from the close of business hours on June 24, 2026.

Key Managerial Personnel Changes

The restructuring extended to the company's executive management. Mr. Yung Kug Kim was appointed Chief Executive Officer and Mr. Jaswinder Singh was appointed Chief Financial Officer, both effective July 1, 2026. Ms. Santosee Narayan Majhi was appointed Company Secretary & Compliance Officer effective June 24, 2026.

The previous incumbents, Ms. Nirali Pankaj Mehta (Company Secretary & Compliance Officer) and Mr. Umesh Keshav Bhise (Chief Financial Officer), ceased their duties on June 24, 2026. Furthermore, M/s. Prateek Maheshwari & Associates, Company Secretaries, resigned as Secretarial Auditor effective June 24, 2026.

Summary of Appointments

In addition to the management changes, the Board approved the shifting of the registered office within local limits from Mahalaxmi to Andheri (West) in Mumbai, subject to necessary filings with the Registrar of Companies.

BSE Limited has granted listing approval for 27,04,03,280 equity shares allotted on preferential basis by IDream Film Infrastructure Company Limited . The approval covers two distinct tranches of shares issued at a face value of Rs. 10 each, addressing both cash infusion and share swap arrangements.

The exchange issued Letter No. LOD/PREF/AP/FIP/415/2026-27 dated June 19, 2026, for the listing of 40,00,000 equity shares. These shares, bearing distinctive numbers 150001 to 4150000, were allotted to the promoter on a preferential basis for cash.

Additionally, BSE issued Letter No. LOD/PREF/AP/FIP/416/2026-27 dated June 19, 2026, for the listing of 26,64,03,280 equity shares. These shares, bearing distinctive numbers 4150001 to 270553280, were allotted to promoters and non-promoters on a preferential basis pursuant to a share swap agreement.

The following table details the breakdown of the approved listings:

The intimation was submitted to the Corporate Relations Department of BSE Limited on June 20, 2026, by Managing Director Kalpana Morakhia. The shares are now approved for trading on the exchange following the completion of these allotment procedures.