Dreamfolks Services Limited has informed the Exchange regarding Business Updates under 'Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Dreamfolks has informed the exchange that three of its key suppliers — Adani Digital, Semolina Kitchens (effective September 15, 2025), and Encalm Hospitality (effective November 1, 2025) — have communicated their intention to discontinue certain services. The company has formally asked them to reconsider and is in active discussions. Against Encalm Hospitality, Dreamfolks has filed a Section 9 arbitration petition at the Delhi High Court seeking an interim injunction. Services are currently continuing uninterrupted and client contracts remain active, but the company has warned that any actual discontinuation of airport lounge services could have a material impact on its operations and financial performance. In response, Dreamfolks plans to accelerate its focus on the global lounge business and reposition towards more diversified offerings.
This is a material negative development — the loss of these suppliers could disrupt core airport lounge operations and hurt revenue, which may weigh on the stock. However, ongoing legal action, continued service availability, and the pivot to global lounges provide some offset, so the situation warrants close monitoring over the coming months.