Notice of EGM of the Company to be held on 19.01.2026.
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IDream Film Infrastructure Company Ltd (formerly Softbpo Global Services Ltd) has called an EGM on 19 January 2026 to seek shareholder approval for 7 major items. The company proposes to increase its authorised share capital sharply from Rs. 6.5 crore (65 lakh equity shares) to Rs. 275 crore (27.5 crore equity shares), a 42x jump. It also plans to acquire 100% of South Korea-based E-Tunnel Inc. for Rs. 266.4 crore, payable entirely through a share swap at a 1:121 ratio, making E-Tunnel a wholly-owned subsidiary. To fund and execute this, the company will issue up to 26.64 crore new shares on a swap basis to E-Tunnel shareholders, and a separate preferential allotment of 40 lakh shares (Rs. 4 crore) to Singapore-based Northvale Capital Partners. Northvale and its Persons Acting in Concert will become the new promoters after triggering a mandatory SEBI open offer. The EGM also seeks approval for Section 186 investment limits of up to Rs. 500 crore and appointment of two independent directors for 5-year terms.
This is a transformative event for existing shareholders: the share base will expand roughly 42x, leading to massive dilution, and control of the company will shift to a new promoter group (Northvale Capital Partners and PACs) via an open offer process. Shareholders should closely watch the open offer price and valuation of E-Tunnel, as the swap-based acquisition at Rs. 10 per share significantly impacts per-share value and future direction of the company.