StockWatch
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Airport & Airport services
Subsidiary3 Nov 2026, 05:50 pm

Dreamfolks Subsidiary Gets ₹5.5 Cr Security from Parent

AI Summary

Dreamfolks Services Ltd's Board of Directors has approved a proposal to provide security by way of fixed deposits to secure the obligations of its subsidiary, Ten 11 Hospitality Private Limited. The company will provide fixed deposits of INR 5.5 crore each for this purpose. This decision was made during the Board meeting held on November 3, 2026, which also saw the approval of unaudited financial results for the quarter and half-year ended September 30, 2026, along with the appointment of Ms. Meena Lall as an Independent Director and Mr. Sanyam Nagpal as an Executive Director, both effective January 1, 2027. The company also appointed TRC Corporate Consulting Private Limited as its Internal Auditor for FY 2026-27.

Key Highlights

  • Board approved providing security for subsidiary's obligations.
  • Fixed deposits of ₹5.5 crore each will be used as security.
  • Unaudited financial results for Q2 FY27 approved.
  • New Independent and Executive Directors appointed.
  • Internal Auditor appointed for FY 2026-27.