Intimation regarding reappointment of Statutory Auditor is attached herewith.
DREAMFOLKS · price
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Dreamfolks Services reported a steep decline in FY2026 standalone revenue to ₹6,580.96 million from ₹12,918.82 million in FY2025, a near 49% drop. Standalone PAT fell sharply to ₹142.91 million from ₹696.83 million, down ~80% YoY. Q4 FY26 standalone loss stood at ₹(132.62) million versus a profit of ₹158.01 million in Q4 FY25. Consolidated PAT for FY26 was ₹116.23 million vs ₹650.50 million in the prior year. The Board reappointed M/s S S Kothari Mehta & Co. LLP as Statutory Auditor for a second consecutive 5-year term, subject to shareholder approval. The auditors issued an unmodified report with an Emphasis of Matter regarding a ₹114 million insolvency petition filed under Section 9 of IBC by Travel Food Services Limited on May 15, 2026. Management disputes the claim and states appropriate provisions have been made.
The sharp revenue and profit decline, combined with an IBC petition for ₹114 million, signals significant financial stress for Dreamfolks. Investors should closely monitor the outcome of the NCLT hearing and the company's ability to defend its financial position.