Date: 22.06.2026
Disinvestment / Strategic Actions
Touchwood Entertainment Limited has incorporated a new wholly-owned subsidiary named "TouchTown Ventures Private Limited" (CIN: U68100DL2026PTC467674). The subsidiary was incorporated on June 20, 2026, and Touchwood Entertainment holds a 70% stake in its paid-up equity share capital. The acquisition was completed through a cash consideration of ₹70,000 (Rupees Seventy Thousand only), paid via banking channels at face value on an arm's length basis.
Subsidiary Details
- Name: TouchTown Ventures Private Limited
- Date of Incorporation: 20.06.2026
- Authorized Capital: ₹10,00,000 (Rupees Ten Lakh)
- Paid-up Capital: ₹1,00,000 (Rupees One Lakh), comprising 10,000 equity shares of ₹10 each
- Business Objective: To act as real estate developers, builders, contractors, and property managers. The subsidiary will acquire and utilize development rights, approvals, and related assets for the development and commercial exploitation of real estate projects.
- Turnover: Not applicable (newly incorporated company, yet to commence business)
- Geographic Presence: India
Related Party Transaction
The acquisition falls within related party transactions as TouchTown Ventures Private Limited is a subsidiary of Touchwood Entertainment Limited. The transaction is conducted at arm's length, with no governmental or regulatory approvals required.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified
Auditor’s Report
Not Specified
Other Operational / Legal / Strategic Disclosures
No other material disclosures.