Travel Food Services Ltd issues termination notice to Dreamfolks Services Ltd

Travel Food Services Limited has issued a notice to terminate the extended arrangement for providing lounge access services for lounges operated by the Company, to customers of Dreamfolks Services Limited, effective from 15th September 2025.

TFSL was entitled to provide access to its operated lounges for eligible customers of Dreamfolks, in accordance with the terms and conditions as set forth in the said agreement.

Dreamfolks was acting as one of the aggregators for banks and networks in relation to lounge access services for various lounges operated by TFSL. Despite efforts to re-negotiate the commercial terms of the agreement in good faith, we have been unable to reach a closure.

TFSL, through its wholly owned subsidiary, Eliteassist Technology and Services Private Limited, has already initiated direct engagements with banks and networks. As a result, the termination of the arrangement with Dreamfolks, will not have an impact on the business operations of the Company.

This strategy will enable TFSL to embark upon a new phase in the fintech evolution so as to enhance the efficiency of the services provided to its customers.

Shares of Travel Food Services Limited was last trading in BSE at Rs. 1317.40 as compared to the previous close of Rs. 1284.35. The total number of shares traded during the day was 31475 in over 3126 trades.

The stock hit an intraday high of Rs. 1340.00 and intraday low of 1262.15. The net turnover during the day was Rs. 41258299.00.

Source : Equity Bulls

Keywords

TravelFoodServices INE103V01028 Restaurants TerminationNotice DreamfolksServices