Major Leadership Shakeup at IDream Film Infrastructure Company as Board Restructuring Takes Effect
IDream Film Infrastructure Company Limited has announced significant changes in its leadership and directorial composition following a corporate takeover and subsequent management restructuring. The company confirmed multiple appointments of new directors and key managerial personnel, alongside the cessation of several senior positions, effective June 24, 2026.The adjustments were made as part of the restructuring that followed the Share Purchase Agreement executed between Northvale Capital Partners Private Limited, IDream Film Infrastructure Company Limited, and Aha Holdings Private Limited on December 22, 2025.
Key Director Changes and Departures
The Board unanimously approved the cessation of several senior directors, effective June 24, 2026. Ms. Kalpana Shripal Morakhia stepped down as Managing Director. Mr. Milan Vinod Chitalia, Ms. Suchita Prashant Shah, and Mr. Paresh Shrikrishna Kadam resigned from their roles as Independent Directors. The resignations were attributed to the change in management stemming from the takeover agreement executed on December 22, 2025.New Appointments in Board and Management
IDream Film Infrastructure Company appointed five new directors. These additions include Mr. Baljit Singh, Ms. Honey Singh, and Ms. Upveen Harpal as Additional Directors (Non-Executive, Non-Independent). Furthermore, the company welcomed Mr. Ross William Brierty and Ms. Prerana S. Bokil, who were appointed as Non-Executive Independent Directors.The board also saw changes in key managerial personnel. The appointments of Mr. Jaswinder Singh as Chief Financial Officer (effective July 1, 2026), Mr. Yung Kug Kim as CEO (effective July 1, 2026), and Ms. Santosee Narayan Majhi as Company Secretary & Compliance Officer (effective June 24, 2026) were announced following the restructuring.
Two Key Managerial Personnel also ceased their roles due to the change in management: Ms. Nirali Pankaj Mehta, previously a Company Secretary & Compliance Officer, and Mr. Umesh Keshav Bhise, who was the Chief Financial Officer.
Details of Appointed Directors
A summary of the newly appointed directors and their backgrounds is provided below:| Director Name | Designation/Category | Effective Date | Brief Profile Summary |
|---|---|---|---|
| Mr. Baljit Singh | Additional Director (Non-Executive) | June 24, 2026 | An experienced entrepreneur with extensive knowledge of managing and operating businesses across multiple international markets for over 26 years. |
| Ms. Honey Singh | Additional Director (Non-Executive) | June 24, 2026 | Has a background in digital marketing and sales, focusing on communication between the company, regulatory authorities, and government agencies. |
| Ms. Upveen Harpal | Additional Director (Non-Executive) | June 24, 2026 | Possesses over 10 years of experience in Senior Management, specializing in formulating policies and risk management. |
| Mr. Ross William Brierty | Non-Executive, Independent Director | June 24, 2026 | A business leader with over twenty five years of professional experience spanning corporate management, strategic leadership, and financial governance. |
| Ms. Prerana S. Bokil | Non-Executive, Independent Director | June 24, 2026 | A qualified Company Secretary with over a decade of experience in corporate and legal compliances. |
Profile Highlights for Newly Appointed Key Managerial Personnel (KMP)
The profiles of the appointed KMPs include:| KMP Name | Role | Effective Date | Professional Background |
|---|---|---|---|
| Mr. Jaswinder Singh | Chief Financial Officer | July 1, 2026 | A finance professional with over 14 years of experience in strategic finance, financial planning, and corporate finance. |
| Mr. Yung Kug Kim | CEO | July 1, 2026 | A seasoned technology entrepreneur with over 15 years of experience scaling technology-driven enterprises across Asia. |
| Ms. Santosee Narayan Majhi | Company Secretary & Compliance Officer | June 24, 2026 | An Associate Member of the Institute of Company Secretaries of India (ICSI) with over 8 years of expertise in corporate secretarial and regulatory compliance. |
Stock Price Movement
IDream Film Infrastructure Company Ltd settled at the close today, with shares ticking up 5.00% to ₹531.40. The stock remained completely flat throughout the trading day, locked into that single price point from open to close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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