Limbaugh Capital LLC has acquired a 0.31% stake in Idream Film Infrastructure Company Limited through a preferential allotment of shares executed on July 1, 2026. The acquisition involved 8,43,007 equity shares, increasing the acquirer's holding from nil to 0.31% of the total voting capital. The transaction was disclosed to the stock exchange in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer does not belong to the promoter or promoter group of the target company, and there were no persons acting in concert (PAC) involved in the transaction. Prior to this acquisition, Limbaugh Capital LLC held no shares or voting rights in Idream Film Infrastructure Company Limited. The shares of the target company are listed on the Bombay Stock Exchange.

The preferential allotment significantly altered the capital structure of Idream Film Infrastructure Company Limited. Before the disposal, the equity share capital stood at 1,50,000 shares of ₹10 each. Following the allotment, the total equity share capital expanded to 27,05,53,280 shares of ₹10 each. The total diluted share capital post-transaction remains unchanged at 27,05,53,280 shares of ₹10 each.

The following table details the shareholding changes before and after the acquisition:

The disclosure regarding the acquisition was submitted to the Corporate Relations Department of BSE Limited on July 6, 2026. The filing confirmed that the acquirer does not hold any shares in the nature of encumbrance such as pledge or lien, nor does the acquirer hold any warrants or convertible securities that could entitle them to additional voting rights.

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.