Pro CLB Global Limited has announced the execution of a strategic Memorandum of Understanding with Dream Media Network Private Limited, marking a significant step toward expanding its media and digital presence. The agreement, signed on 23rd February, 2026, outlines a comprehensive partnership structure designed to leverage the strengths of both organizations.

Transaction Structure and Equity Arrangement

The strategic association will be implemented through a share swap arrangement based on independent valuation of both parties. The transaction structure includes several key components:

The agreement provides Pro CLB Global with significant governance influence despite potentially holding a minority stake. The company will enjoy affirmative rights covering reserved matters including capital structure alterations, related party transactions, business line changes, and key managerial personnel appointments.

Dream Media Network Business Profile

Dream Media Network Private Limited operates VK News, positioned as India's premium online entertainment and news network. The company has established a comprehensive digital presence across multiple platforms:

Digital Platform Portfolio

• Regional YouTube Channels: VK News MP, Bihar, Uttar Pradesh, Rajasthan, Delhi-Haryana, Himachal, Marathi, and Jammu & Kashmir
• Entertainment Channel: Bollywood Kida
• Spiritual Content: Sanatan TV
• Operational Base: Property G-165, First Floor, Sector 63, Noida, Uttar Pradesh

The media company has outlined ambitious expansion plans including satellite channel launch, educational academy establishment, and diversification into web series, music platforms, and spiritual content. Dream Media Network's valuation stands at Rs. 5,163.33 per share based on Discounted Cash Flow methodology under Income Tax Rules 11U and 11UA.

Performance Milestones and Future Growth

The MOU establishes clear performance benchmarks for stake expansion beyond the initial 35% threshold. Key milestone categories include:

• Financial performance benchmarks
• Operational growth metrics
• Regulatory and statutory compliance track record

Dream Media Network has projected significant revenue potential from upcoming election cycles, digital advertising, and new venture launches. The company anticipates minimum fund generation of Rs. 5.00 crore to maximum Rs. 10.00 crore from election-related activities, with additional income streams from digital ads and regional channels.

Regulatory Compliance and Approvals

The transaction requires comprehensive regulatory compliance across multiple frameworks including SEBI LODR Regulations 2015, SEBI SAST Regulations 2011, and Companies Act 2013. Required approvals encompass audit committee clearance, board approvals from both parties, shareholder approvals where necessary, and stock exchange in-principle approval.

The MOU remains non-binding except for confidentiality, exclusivity, governing law, and dispute resolution clauses. The agreement maintains validity for three months from execution date, with potential extension through mutual written consent. Both parties will proceed to negotiate definitive agreements including Share Swap Agreement, Shareholders' Agreement, and ancillary implementation documents upon MOU execution.

Source: None/Company/INE438C01010/05e796e3-68be-49a8-a200-7c70750c78bd.pdf

Pro CLB Global Limited (formerly Provestment Services Limited) has announced a key board appointment following its meeting held on February 18, 2026. The company's board of directors approved the appointment of Mr. Kalpesh Hasmukhbhai Vadodariya as Additional Independent Director, marking a strategic addition to its leadership team.

Board Appointment Details

The appointment was formally approved during the board meeting and is subject to shareholder approval as per regulatory requirements. The company has confirmed that Mr. Vadodariya is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Professional Background and Expertise

Mr. Kalpesh Vadodariya brings substantial professional credentials to Pro CLB Global Limited. He is a qualified management professional with extensive experience in managing large-scale listed entities and significant exposure to multinational trade operations, including export-import transactions and international business dealings.

His leadership capabilities include experience in handling multi-level teams and implementing leadership development initiatives. His professional experience spans diverse industries, particularly the automobile and ceramics sectors, providing valuable cross-industry insights.

Educational Qualifications and Core Competencies

Mr. Vadodariya's educational background includes:

• MBA (Sales)
• Bachelor of Commerce (B.Com) degree
• ITI certification in Infotech and Electronic Systems

His core areas of expertise encompass:

• Business Administration
• Strategic Business Unit (SBU) Development
• Management Accounting
• IT Systems and Electronic Systems
• Team Building

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, concerning the appointment of directors. The company has provided all required disclosures as mandated by the listing regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

Mr. Vadodariya has no interest in other entities and holds no existing shareholding in Pro CLB Global Limited, ensuring independence in his directorial role. The appointment strengthens the company's board composition with his comprehensive managerial, operational, and strategic experience.