Dreamfolks Services Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
DREAMFOLKS · price
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Dreamfolks Services has received a GST show cause notice dated February 23, 2026, from the Office of the Special Commissioner of Revenue, Bureau of Investigation (South Bengal), Kolkata. The notice alleges a violation of Section 12(3) of the IGST Act, 2017, concerning the 'place of supply' rules for FY 2023–24. The total demand is ₹6.99 crore in GST plus a penalty of ₹69.95 lakh, taking the combined exposure to roughly ₹7.69 crore. The company plans to file a response within the prescribed timelines. Management has stated that it does not currently foresee any immediate material impact on its financials, operations, or other activities from this matter.
The show cause notice is a preliminary tax demand and not a final order; investors should monitor the company's response and any subsequent ruling, as a worst-case liability of around ₹7.7 crore could affect earnings if the demand is upheld. For now, the company believes the impact is not material, so the near-term effect on the stock is likely limited.