Dreamfolks Services Limited has informed the Exchange that the Company has received favourable Order dated October 14, 2026 from the Office of the Commissioner of CGST & Central Excise (Appeals-II), Mumbai, 3rd Floor, CGST Bhavan, Plot No. C-24, Bandra Kurla Complex, Mumbai-400051 (Appellate Authority) setting aside the GST Demand Order from the Office of the Assistant Commissioner, Division -VI CGST & Central Excise, Mumbai East Commissionerate dated August 31, 2024 imposing the demand of Rs. 1,35,09,720 /- plus applicable interest plus penalty of Rs. 13,50,972/- under provisions of applicable GST Law(s).
According to primary filings and dispatches highlighted by NSE India, the latest move impacts key counters including relevant market segments. Market analysts note that volume activity and corporate disclosures indicate significant retail and domestic institutional engagement with the development.
Traders are proceeding with cautious positioning as downside risks and profit-booking pressures are closely monitored across market segments. Risk management parameters suggest awaiting clear base-building signals before taking fresh directional exposure.
Investors and intraday participants are advised to monitor official exchange disclosures on BSE and NSE, alongside subsequent management commentary. ZeroLive will continue monitoring real-time order book developments, price action triggers, and regulatory updates as they unfold.