Dreamfolks Approves ₹2.5 Cr Guarantee for Subsidiary's Overdraft Facility

Dreamfolks Services Ltd's Board of Directors approved providing a Security and Corporate Guarantee in favor of AU Small Finance Bank Ltd. This guarantee secures a Dropline Overdraft facility of ₹2.50 crore for Ten 11 Hospitality Private Limited, a subsidiary. The facility is backed by a Letter of Guarantee and a Fixed Deposit of ₹1 crore as collateral for an initial one-year period with auto-renewal. The company expects this to be a contingent liability with no immediate cash outflow and anticipates no material impact on its financial position or liquidity, barring the temporary restriction on the fixed deposit.