Dreamfolks Services Limited has informed the Exchange 'regarding closure of certain programs of certain clients'.

Major Contract CancelledBusiness Updates View source PDF Explain this filing

DREAMFOLKS · price

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Price reactionminutes from the announcement price · days from the prior close

-5.9%Reaction day

₹237.50

prior close

₹227.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-5.7% vs market

Transport Infrastructure peers, median of 13sector · industry level-0.8%-5.1% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250 and 5.1 pts less than its Transport Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.9-0.2-5.7-0.8-5.1

Next day

-8.6-0.1-8.5-1.1-7.5

-20.1+0.3-20.4-1.3-18.9

-24.5-0.2-24.3-2.6-21.9

-26.5-0.3-26.2-0.7-25.8

-30.5+0.2-30.7-0.1-30.4

-33.1+0.1-33.1-0.3-32.8

15d

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-45.3-2.2-43.1-3.4-42.0

-41.4-3.0-38.4-4.5-36.9

-54.8-2.9-51.9+3.1-57.9

UpDownMarket · Nifty Microcap 250Sector · Transport Infrastructure peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dreamfolks Services has informed exchanges that certain programs run for two of its key clients, Axis Bank and ICICI Bank, have been closed effective July 1, 2025. The company clarified that its overall contracts with both banks remain valid, and the closure applies only to specific programs. The company stated that the impact is 'likely to be material in nature' and is currently being evaluated. Management noted that activation and deactivation of programs is part of regular business operations and committed to mitigating the impact.

Likely market impact

This is a negative development for shareholders as the closure involves two major banking clients, with the company itself acknowledging the impact could be material. However, since the underlying contracts remain intact and only specific programs are affected, the long-term business relationship is not necessarily severed. Investors should watch for further clarity on the financial impact in upcoming disclosures.