IDream Film Infrastructure Company Limited has received a crucial regulatory milestone in the form of an observation letter from the Securities and Exchange Board of India (SEBI) regarding a significant open offer. The observation letter, numbered I/5888/2026 and dated February 26, 2026, pertains to the open offer made by Northvale Capital Partners PTE Limited for acquiring a substantial stake in the company.

Open Offer Details

The open offer involves a comprehensive acquisition structure with multiple parties. Northvale Capital Partners PTE Limited, acting as the primary acquirer, is working alongside six persons acting in concert (PAC-1 through PAC-6) to execute this transaction. The scope of the acquisition is substantial, targeting up to 7,03,43,853 fully paid-up equity shares.

Regulatory Framework and Next Steps

The open offer is being conducted under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly known as SAST Regulations. The receipt of SEBI's observation letter represents a critical step in the regulatory approval process, indicating that the draft letter of offer has been reviewed by the market regulator.

The offer manager, representing the acquirer, will now initiate subsequent actions in accordance with the provisions outlined in the SAST Regulations. These actions will also align with the specific directions contained within SEBI's observation letter, ensuring compliance with all regulatory requirements.

Corporate Structure and Communication

IDream Film Infrastructure Company Limited , formerly known as Softbpo Global Services Limited, operates under CIN L51900MH1981PLC025354. The company maintains its registered office at B-4501 & 4601, Lodha Bellissimo, Lodha Pavilion, Apollo Mills Compound, Mahalaxmi, Mumbai-400011, Maharashtra.

The regulatory intimation was signed by Kalpana Morakhia, Managing Director with DIN 00336451, on February 27, 2026. The company has committed to keeping the stock exchange informed of all further developments in this matter as per applicable regulatory requirements, ensuring transparency throughout the takeover process.

IDream Film Infrastructure Company Limited has secured shareholder approval for a substantial increase in its authorized share capital, marking a significant milestone in the company's capital restructuring initiative. The approval was obtained during an Adjourned Extraordinary General Meeting held on January 27, 2026.

Capital Structure Enhancement

The shareholders have approved a major expansion of the company's authorized share capital, representing a strategic move to strengthen the financial foundation. The capital increase demonstrates the company's growth ambitions and potential future funding requirements.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing BSE Limited about the alteration in its Memorandum of Association. This notification complies with Regulation 30 of SEBI (Listing Obligation and Disclosure Regulations), 2015, and follows the guidelines specified in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Details

IDream Film Infrastructure Company Limited, formerly known as Softbpo Global Services Limited, operates under CIN L51900MH1981PLC025354. The company is listed on BSE with scrip code 504375 and maintains its registered office in Mumbai, Maharashtra. The formal communication was signed by Managing Director Kalpana Morakhia (DIN: 00336451) on January 27, 2026.

Amendment Implementation

The capital clause amendment in the Memorandum of Association has been formally approved and documented. The revised clause V now reflects the enhanced capital structure, providing the company with increased financial flexibility for future business operations and expansion plans.