Dreamfolks Services Limited has issued a postal ballot notice dated February 09, 2026, seeking shareholder approval for a special resolution regarding the reappointment of its Executive Director and Chief Technology Officer. The notice, communicated to stock exchanges on February 23, 2026, outlines the company's proposal for leadership continuity in its technology division.

Special Resolution Details

The postal ballot seeks approval for the reappointment of Mr. Balaji Srinivasan (DIN: 03512187) as Executive Director and Chief Technology Officer. The proposed terms include:

E-Voting Schedule and Process

The company has implemented a remote e-voting system through National Securities Depository Limited (NSDL) for this postal ballot. The voting timeline is structured as follows:

The Board has appointed Mr. Deepak Kukreja (FCS No. 4140) or Ms. Monika Kohli (FCS 5480) of M/s. DMK Associates as scrutinizers for the postal ballot process.

Executive Profile and Contributions

Mr. Balaji Srinivasan has been associated with the company since March 01, 2019, and was appointed as Director on September 02, 2021. He holds a Diploma in Software and Systems Management from NIIT, New Delhi, and brings extensive experience in the technology sector.

Under his leadership, the company has developed an in-house proprietary technology platform enabling clients such as banks, card networks, and enterprises to create customized offerings. His previous roles include Vice President at Genpact India Private Limited, Chief Customer Officer at FarEye, and Chief Technology Officer at Stylofie.com.

Company Performance Overview

The company's financial performance over the past three years demonstrates growth in revenue from operations:

Recognition and Awards

Mr. Srinivasan has received several industry recognitions, including Top 20 India Tech Leaders at the 4th Annual Digital Transformation Summit (Dec-2023), Innovator Award by the Big CIO Show & Awards (May-2022), and Global FinTech Excellence in Leadership by Elets Banking and Finance (2022).

The company has also received multiple awards under his technology leadership, including FinTech Award 2022 by Financial Express, Most Trusted Service Provider for BFSI Sector award in India CX Summit & Awards 2023, and Deloitte India Technology Fast 50 Award in the Travel & Hospitality Tech category (Dec-24).

Compliance and Regulatory Framework

The postal ballot is conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The notice is being sent electronically to members whose email addresses are registered with the company, depositories, or registrar and transfer agent as of the cut-off date.

Dreamfolks Services Limited has scheduled an investor presentation for February 09, 2026 at 18:30 IST to discuss its unaudited financial results for the quarter and nine months ended December 31, 2025. The presentation will be accessible on the company's website at www.dreamfolks.com and follows the board meeting outcome intimated earlier the same day.

Financial Performance Highlights

For the nine months ended December 31, 2025, DreamFolks reported comprehensive financial metrics reflecting its ongoing business transformation:

The company maintains a strong balance sheet with Rs. 1,295 million in cash and cash equivalents as of December 31, 2025.

Strategic Acquisitions Drive Transformation

During Q3 FY26, DreamFolks executed two pivotal acquisitions to strengthen its competitive position. The company acquired Ten11 Hospitality, gaining ownership and operational control of premium railway lounge infrastructure at three strategic locations - Chennai and Mumbai are operational, with Vadodara launching shortly. This acquisition positions DreamFolks to capitalize on India's railway modernization under the government's Amrit Bharat Scheme, which plans to redevelop over 1,300 stations.

The Easy To Travel (ETT) acquisition accelerates international expansion by adding an established global footprint spanning 100+ countries, 500+ airports, and 1200+ locations. This acquisition enhances DreamFolks' ability to serve multinational clients through technology-enabled distribution networks.

Business Performance and Growth Metrics

DreamFolks demonstrated strong operational momentum across key business segments:

Platform Enhancement and Service Expansion

The company launched DreamFolks Club 2.0, an enhanced B2C membership platform that evolved from airport-centric services to a comprehensive lifestyle ecosystem. The platform integrates global lounge access, private social clubs, golf, wellness, and curated experiences, significantly broadening the addressable market.

DreamFolks' Machine Learning-driven intelligent orchestration platform enables enterprise clients to offer personalized, cohort-based benefits programs with over 20 service combinations. The company added 100+ global airport lounges during Q3 FY26 and went live with major clients for lifestyle services.

Market Position and Industry Outlook

The global airport lounge market is forecasted to grow at 14.1% CAGR from 2026-35, driven by premium travel demand and frequent travelers seeking enhanced amenities. India's credit card circulation reached 115.8 million in Q3 FY26, growing 7.2% year-on-year, while average spend per credit card stood at Rs. 53,000 with 1.8% year-on-year growth.

DreamFolks operates across a diversified client ecosystem including 5 card networks, 20+ card issuers, and 50+ enterprises. The company continues expanding its presence across Asia Pacific and Middle East regions while building dedicated teams for enterprise client management.

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