Dreamfolks Services Limited has informed the Exchange about Copy of Newspaper Publication w.r.t. Notice of Postal Ballot seeking approval of Members for Material Related Party Transaction(s) between Dreamfolks Services Limited and ETT Solutions DMCC.
DREAMFOLKS · price
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Dreamfolks Services Limited has published a newspaper notice as required under SEBI rules, informing shareholders about a postal ballot. Through this postal ballot, the company is seeking approval from its members for a material related party transaction with ETT Solutions DMCC, a Dubai-based entity. A postal ballot allows shareholders to vote remotely without attending a meeting in person. Since this is a material related party transaction, SEBI regulations require the company to obtain shareholder approval before proceeding. Shareholders are advised to review the detailed notice and exercise their vote within the specified voting period.
This is primarily a procedural and compliance step, not a new business event. Shareholders should review the terms of the proposed transaction with ETT Solutions DMCC and cast their vote. Approval by members is mandatory for the company to proceed with the deal; rejection could delay or halt the transaction.