Date: June 16, 2026
Board Meeting Outcomes
- The company is in the process of incorporating a subsidiary company named "TouchTown Ventures Private Limited"
- The company has agreed to subscribe to the share capital of the proposed subsidiary company
- Name approval was received from the Ministry of Corporate Affairs on June 16, 2026
Disinvestment / Strategic Actions
- Touchwood Entertainment Limited will subscribe to 70% of the paid-up equity share capital of TouchTown Ventures Private Limited
- Investment amount: ₹70,000 (Rupees Seventy Thousand only) for 7,000 equity shares of ₹10 each
- Consideration type: Cash payment at face value
- The acquisition is considered a related party transaction as the subsidiary will be a related party of the company
- The transaction is stated to be conducted at arm's length basis
KMP / Board Changes
- Mr. Vijay Arora, Promoter and Whole Time Director of Touchwood Entertainment Limited, is proposed to be appointed as a Director of the subsidiary company
Business Operations of Subsidiary
- Industry: Real Estate
- Business objects: To act as real estate developers, builders, contractors and property managers
- Activities: Acquisition and utilization of development rights, approvals and related assets for the development and commercial exploitation of real estate projects
Company Background
- Historical data not available as the subsidiary company is yet to be incorporated
- The subsidiary will have an initial authorized share capital of ₹1,00,000 (Rupees One Lakh only) comprising of 10,000 equity shares of ₹10 each
Additional Information
- The information has been placed on the company website at www.touchwood.in
- Signed by Rishabh Mishra, Company Secretary & Compliance Officer (M. No. A80568)
- Digital signature timestamp: June 16, 2026 at 14:51:03 +05:30