Overview
- The company disclosed in a BSE filing that domestic lounge access for its clients has been discontinued with immediate effect and called the impact material.
- Shares fell to about Rs 131 on the NSE and BSE, locking at a 5% lower circuit, with the stock down roughly 70% in 2025 and about 74% over the past year.
- DreamFolks said its other domestic offerings and its global lounge operations continue without change.
- Management said client contracts remain active and discussions are underway to offer alternate customer value propositions.
- The retreat follows Travel Food Services ending its extended contract on September 15 and earlier signals from Adani Digital, Semolina Kitchens and Encalm, as major airports push their own access platforms.