Dreamfolks Services

March 10 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• GETS TAX DEMAND AGGREGATING TO 70 MILLION RUPEES

Source text: ID:nBSE1Knt1c

Further company coverage: DREM.NS

(([email protected];))

Feb 24 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• RECEIVES GST SHOW CAUSE NOTICE

• TAX DEMAND FOR 69.9 MILLION RUPEES AND PENALTY OF 7 MILLION RUPEES

Source text: ID:nBSE3kNVkx

Further company coverage: DREM.NS

(([email protected];))

Oct 8 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES - CARD COMPANY COLLABORATES WITH CO TO LAUNCH PREMIUM WALLET

Source text: ID:nBSE2fKgDH

Further company coverage: DREM.NS

(([email protected];))

** Shares of Dreamfolks Services DREM.NS fall 5% to 131 rupees

** Co discontinued airport lounge services in India which would have a material impact

** Other domestic services and global lounge business will continue

** DREM's contracts with clients are active and discussions are ongoing to explore alternative services for customers

** Stock down ~66% YTD

(Reporting by Urvi Dugar)

(([email protected]))

Sept 16 (Reuters) - India's Dreamfolks Services DREM.NS on Tuesday said that the company had discontinued domestic airport lounge services.

(Reporting by Nishit Navin; Editing by Sahal Muhammed)

(([email protected];))

Adds details, background from paragraph 3

Aug 29 (Reuters) - India's Dreamfolks DREM.NS said on Friday that three of its customers, including the country's third-largest lounge operator, Encalm Hospitality, would end their contracts with the airport lounge access provider.

Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing.

The discontinuation of the contracts would have a material impact on Dreamfolks' financial operations, it said, without giving further details.

Dreamfolks is an aggregator that connects lounge operators with card networks and passengers, while its troubles began with airport operators looking to directly provide lounge access.

The company in July said it was closing certain programmes for clients Axis Bank AXBK.NS and ICICI Bank ICBK.NS.

Dreamfolks CEO Liberatha Kallat told news broadcaster CNBC-TV18 that the move came after "pressure tactics by two large airport operators, who have entered the same line of business." Kallat did not name the operators.

Shortly after, Arun Bansal, CEO of India's top private airport operator Adani Airport Holdings, said in a post on LinkedIn that India's "fintech revolution" eliminated the need for middlemen across sectors.

Dreamfolks has expanded to international markets in response to the recent developments, it said in the filing.

Its shares are down 64% so far this year.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Eileen Soreng)

(([email protected]; Mobile: +91 9591011727;))

** Airport services aggregator Dreamfolks Services DREM.NS falls 3.6% to 228 rupees

** Co says certain programmes it runs for clients Axis Bank AXBK.NS and ICICI Bank ICBK.NS have been closed

** Adds that while potential impact of closure is being evaluated, likely to be material in nature

** Stock down 41.7%, YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Airports services aggregator DreamFolks Services DREM.NS down 3.2% to 254.75 rupees

** Major Indian banks Axis Bank AXBK.NS and ICICI Bank ICBK.NS and card network Mastercard MA.N are looking to move away from DREM and establish direct partnerships with airport lounges, according to ET and PTI

** Reports add that others may follow suit

** Reuters could not independently confirm the development and DreamFolks, Axis Bank, ICICI Bank and Mastercard did not immediately respond to Reuters' request for comment

** In Sept, DREM services were temporarily disrupted, impacting thousands of bank and card customers

** DREM shares down 34.6% YTD

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Feb 7 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DEC-QUARTER CONSOL NET PROFIT 172 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.4 BILLION RUPEES

Source text: [ID:]

Further company coverage: DREM.NS

(([email protected];;))

Sept 23 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES LTD - RESOLVED INTEGRATION ISSUE AT ADANI AIRPORTS

Source text for Eikon: ID:nBSE4hcJD2

Further company coverage: DREM.NS

(([email protected];))

Aug 8 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• JUNE-QUARTER CONSOL NET PAT 171.9 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.21 BILLION RUPEES

Further company coverage: DREM.NS

(([email protected];))

April 18 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS AND REDBERYL FORGE A STRATEGIC PARTNERSHIP

Source text for Eikon: ID:nBSE1XKtl4

Further company coverage: DREM.NS

(([email protected];;))

April 8 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• GETS TAX ORDER FOR TOTAL AMOUNT AT 25.1 MILLION RUPEES

Source text for Eikon: ID:nNSE34CfjD

Further company coverage: DREM.NS

(([email protected];))

March 29 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES LTD - FILED APPEAL AGAINST ORDER SEEKING TAX OF 10.9 MILLION RUPEES

Source text for Eikon: ID:nNSEbwL0Q4

Further company coverage: DREM.NS

(([email protected];))

** Shares of airport services aggregator Dreamfolks Services DREM.NS rise 3% to 498.15 rupees

** Motilal Oswal Financial Services sees 34% upside in next 12 months for co, which connects lounges and premium airport facilities with debit and credit card users

** Expects DREM to benefit from rapid growth in Indian airline industry, international expansion

** Motilal initiates coverage with "buy", second brokerage to assume coverage

** Says growing adoption of bank cards (with lounge access as a key benefit) will boost DREM's pay-per-use revenue model

** Estimates 20% revenue CAGR for DREM over fiscal 2024-2026

** Including today's gains, stock down 6.5% YTD, after gaining 48% in 2022 - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Feb 26 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES - DREAMFOLKS, LOOKS SALON PARTNER TO OFFER EXCLUSIVE BEAUTY, GROOMING SERVICES

• DREAMFOLKS SERVICES - COLLABORATION STRENGTHENS DREAMFOLKS' FORAY INTO LIFESTYLE SERVICES SEGMENT

Source text for Eikon: [ID:]

Further company coverage: DREM.NS

(([email protected];))

Feb 7 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DEC-QUARTER CONSOL NET PROFIT 201.3 MILLION RUPEES VERSUS 189.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES VERSUS 2.04 BILLION RUPEES

Further company coverage: DREM.NS

(([email protected];))

Nov 30 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• ENTERS INTO PARTNERSHIP WITH GREY WALL

Source text for Eikon: ID:nBSE9JxJDc

Further company coverage: DREM.NS

(([email protected];))

** Shares of Dreamfolks Services DREM.NS up as much as 3.3% to 521.6, reversing losses incurred before results

** Stock on track for a fourth consecutive session of gains, if trends hold

** Co posts 20.5% Y/Y rise in September quarter consol net PAT; revenue from operations up nearly 65%

** More than 1.1 mln shares change hands as of 2:24 p.m. IST, vs 3.1x the 30-day average

** Including day's gains, stock up 41.7% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Dreamfolks Services DREM.NS rise 5.3% to 528.45 rupees

** More than 1.2 mln shares of the airport services aggregator changed hands at 10:02 a.m. IST in a block deal at 509.5 rupees apiece - LSEG data

** Stock posts biggest intraday pct gain since Aug. 2; touches highest level since Aug. 18

** As of last close, stock up 37.8% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of airport service aggregator Dreamfolks Services DREM.NS rise as much as 4.11% to 521.50 rupees

** Co said on Wednesday it has entered into a strategic partnership with a Visa service provider to offer premium lounges at visa centers and doorstep visa services

** DREM didn't disclose the name of the visa service provider

** Share price above 200-day simple moving averages, but below 50-day and 100-day SMAs

** More than 474,000 shares change hands, 0.6x 30-day avg

** Two of the three analysts covering the stock have a "strong buy" rating while one has "sell"; median PT is 635 rupees - Refinitiv data

** Dreamfolks stock up 40% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Aug 9 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• INDIA'S DREAMFOLKS SERVICES LTD JUNE-QUARTER CONSOL NET PAT 130 MILLION RUPEES VERSUS PROFIT 134.4 MILLION RUPEES

• DREAMFOLKS SERVICES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES VERSUS 1.6 BILLION RUPEES

Source text for Eikon: ID:nBSE11JBVs

Further company coverage: DREM.NS

(([email protected];))

** Shares of airport service aggregator Dreamfolks Services DREM.NS rise as much as 9.9% to record high of 717.85 rupees

** Co partners with airport hospitality provider Plaza Premium Group to include over 340 lounges in its network

** Trading vol as of 10:05 a.m. IST is 1.3X the 30-day daily avg

** Stock last up 5.6%, taking YTD gains to 89%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

July 12 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• ANNOUNCE STRATEGIC COLLABORATION WITH PLAZA PREMIUM GROUP

• COLLABORATION TO EXPAND GLOBAL LOUNGE NETWORK, ENHANCE TRAVEL EXPERIENCE FOR INDIAN PASSENGERS

Source text for Eikon: ID:nBSE8C0d7v

Further company coverage: DREM.NS

(([email protected];;))

May 23 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• INDIA'S DREAMFOLKS SERVICES LTD MARCH-QUARTER CONSOL NET PAT 253.1 MILLION RUPEES VERSUS 89.8 MILLION RUPEES

• DREAMFOLKS SERVICES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.38 BILLION RUPEES VERSUS 991.7 MILLION RUPEES

Source text for Eikon: ID:nBSE7tC4R4

Further company coverage: DREM.NS

(([email protected];))