NSEGeneral Updates3d ago · 27 Aug 2026, 10:50 pm
General Updates
Dreamfolks Services Limited · DREAMFOLKS
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Dreamfolks Services Limited has announced its 18th Annual General Meeting (AGM) and Annual Report for FY 2025-26, including Business Responsibility and Sustainability Report. The company has undergone a significant transformation in FY 2025-26, shifting from a domestic lounge business to a broader travel and lifestyle ecosystem.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Notice and Business Responsibility and Sustainability Report forming part of Annual Report relating to 18th Annual General Meeting is attached herewith
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Dreamfolks Services Limited
Unit No. 301-307, Tower B, Good Earth Trade Tower,
Sector-62, Gurgaon-122001,
Haryana, India | Tel: 0124-4037306
www.dreamfolks.com | info@dreamfolks.com
CIN: L51909DL2008PLC177181
August 27, 2026
To, To,
The Secretary, Listing Department The Listing Manager, Listing Department
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Exchange Plaza, 5th Floor, Plot No. C-1,
Dalal Street Block G, Bandra Kurla Complex,
Mumbai – 400001 Bandra (E), Mumbai – 400051
Scrip Code: 543591 Symbol: DREAMFOLKS
Subject: Notice of 18th Annual General Meeting (“AGM”) of the Company and Annual
Report for the Financial Year 2025-26 inter-alia including Business Responsibility and
Sustainability Report
Dear Sir(s)/Madam(s),
This is to inform that the 18th AGM of the Company will be held on Monday, September 28, 2026
at 11:30 A.M. (IST) through Video Conferencing/Other Audio-Visual Means in accordance with
the relevant Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange
Board of India.
Pursuant to Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find attached herewith, Annual Report for FY 2025-26, inter-alia,
including Business Responsibility and Sustainability Report and the Notice convening the
18th AGM of the Company.
The aforesaid documents are also hosted on the website of the Company viz.
www.dreamfolks.com and are being dispatched to all eligible Members whose e-mail id is
registered with the Company/ Depository Participants/ Registrar and Transfer Agent etc.
You are hereby requested to take the above intimation on record.
Thanking You!
Yours Faithfully,
For Dreamfolks Services Limited
Harshit Gupta
Company Secretary and Compliance Officer
Encl: As above
Regd. Office: 26, DDA Flats, Shivalik Road, Panchsheel Park, South Delhi, New Delhi-110017
Technology Platform
Ten11 Hospitality
Contents
easy to travel (ETT)
Beyond Transition.
02 50
Towards Transformation People & Culture
04 52
Corporate Overview Community Engagement
06 54
Key Highlights Board of Directors
08 Other Key Managerial Personnel &
Milestones
Senior Management Personnel
Awards & Accolades
Corporate Information
Message from the
12 Management Discussion
Chairperson & Managing Director
and Analysis
Key Performance Indicators
Business Responsibility
and Sustainability Report
Operating Landscape
Board’s Report
Value Creation Model
Corporate Governance
Global Expansion
Notice
Client Ecosystem
Standalone
Lifestyle Services Portfolio 32 Financial Statements 196
DreamFolks Club 2.0: A New Chapter Consolidated
in Consumer Engagement 38 Financial Statements 263
Beyond Transition.
Every business has a year that reshapes it.
For DreamFolks, FY 2025–26 was that year.
The ecosystem that defined our first decade shifted beneath us. The domestic lounge
business that once defined us contracted. Familiar rules of access gave way to new ones.
For a while, growth had to be measured differently: not in revenues, but in resolve. It would
have been easy to call this a difficult year and leave it there. But we have never believed that
difficulty is the whole story. It is only the beginning of one.
A transition is not an ending. It is a hinge. The moment when what a company was, stops
being enough, and what it could be starts to matter more. We chose to stand at that hinge
and push forward. Beyond the transition, we could see something the numbers alone
could not yet show: a company no longer defined by a single service, a single market, or a
single model. A company ready to become something larger than what it had been.
Towards Transformation.
Transformation does not announce itself. It could be a deal signed in a new geography, in a
service that did not exist few years ago, or in a team that chose conviction over caution when
both were available.
This year, it showed up in all three.
We entered markets we had only planned for. We built services our clients were yet to ask for.
We acquired the infrastructure of our next chapter — railway lounges, a global distribution
platform, a consumer membership ecosystem, and began the work of making them earn their
place. Transformation, done well, does not erase the difficulty that preceded it. It justifies it.
Every disruption forced a decision. Every decision moved us further from where we started and
closer to where we intend to go: new geographies, and new services, and new ways of reaching
the people we serve. That is the story this report tells: not of a company that merely endured a
hard year, but of one that used it.
The transition is behind us. The transformation has begun.
Dreamfolks Services Limited 03
Corporate
Overview
Statutory
Reports
Financial
Statements
02 Annual Report 2025-26
Corporate Overview
From Access Platform
Our Mission
to Lifestyle Ecosystem
To empower seamless travel and lifestyle
experiences through innovation and
technology, and be the first choice for
In our journey of transformation, we will continue to evolve as a
our clients and partners.
travel and lifestyle ecosystem that brings together travel, access,
and curated experiences on a unified platform.
Dreamfolks Services Limited is India’s leading travel and Our Vision
lifestyle experiences company, providing access to services
Make premium travel and lifestyle
such as private club membership, global airport lounges,
experiences accessible to everyone.
railway lounges, golf lessons and games, meet & assist,
airport transfers, spa & wellness, F&B, travel SIMs, beauty
and grooming, and highway dining, among others.
We provide these services using our in-house proprietary
technology platform that allows our clients, such as banks,
Our Values
card networks, airlines, OTAs, and enterprises — to create
custom offerings for their end consumers.
◆ Customer Centricity
◆ Innovation
◆ Trust
Dreamfolks Services Limited 05
Corporate
Overview
Statutory
Reports
Financial
Statements
04 Annual Report 2025-26
Key Highlights
A Year of Bold Moves and
Financial Highlights (Consolidated)
Rebuilding Foundations
6,606 250 3,138 1,509
INR Mn INR Mn INR Mn INR Mn
Revenue from Adj. EBITDA Net Worth Bank Balance &
FY 2025–26 was a year of decisive action, strengthening the Operations Liquid Investments
foundations of the business while making bold strategic moves that
are reshaping us for the future.
Operational Highlights
6,000+ 1,000+ ~140 3,300+
% Y-O-Y
Global Touchpoints Global Airport Global Lounge Private Club
Lounges Transaction Growth Membership
Premium Travel &
Lifestyle Services
Strategic Highlights
Ten11 Hospitality: DreamFolks Club 2.0:
Acquired in November, 2025, giving direct ownership Marks DreamFolks’ entry into B2C, evolving from an
and operational control of premium railway lounges. This airport-centric proposition into a full-fledged travel-and-
vertical integration is expected to result in better economic lifestyle membership (Black/Orange/White tiers).
and operational efficiency.
Pivot from a Travel to a
easy to travel (ETT) Travel-and-Lifestyle Enabler:
An ongoing acquisition that brings an established Reflected in the customer value proposition (CVP) revamp
international distribution network and technology undertaken with banking partners during FY 2025–26,
platform, extending reach across the Middle East and including the recent launch of a boarding-pass-based
South-East Asia. benefits program with a leading Indian bank.
Dreamfolks Services Limited 07
Corporate
Overview
Statutory
Reports
Financial
Statements
06 Annual Report 2025-26
Milestones
13 Years of
2019 2024–25
Purposeful Reinvention
◆ Launched the proprietary DreamFolks ◆ Expanded international presence with entry
technology platform into South-East Asia
◆ Enabled real-time voucher issuance through ◆ Launched DreamFolks Club, its exclusive
For 13 years, we have continually reinvented ourselves, anticipating
API integration with a leading telecom partner lifestyle membership
change, embracing new opportunities, and
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