Announced Tue, 13 Jan · 19:36 IST

Corrigendum to the Notice of Extra Ordinary General Meeting of the Company.

Board & Shareholder Meetings View source PDF

Price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IDream Film Infrastructure Company (formerly Softbpo Global Services) has issued a corrigendum to the EGM notice originally sent on 27 December 2025. The EGM will be held on 19 January 2026 at 11:30 AM in Mumbai to consider preferential allotments under Resolutions 4 and 5. The corrigendum provides additional details on ultimate beneficial owners, share allocations, and changes in promoter status of the proposed allottees. Under Resolution 5, a total of 26,64,03,280 equity shares will be allotted through a share swap, and under Resolution 4, 40,00,000 shares will be allotted in cash, plus 90,000 shares acquired via a Share Purchase Agreement. Northvale Capital Partners and five PACs will collectively hold over 15% post-issue and will be reclassified as Promoters, triggering a change of control and an open offer under SEBI Takeover Regulations.

Likely market impact

This corrigendum confirms a significant change of control event — new promoters will take over via preferential issue and share swap, and a mandatory open offer will be triggered. Shareholders should brace for dilution and potential open offer exit opportunity, though the share swap nature suggests the new group will dominate post-EGM.