Summary of Key Information:
Series: EQ
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting regarding investment in subsidiary
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board approved an investment of ₹49,30,000 (Rupees Forty-Nine Lakhs Thirty Thousand only) in 4,93,000 unlisted, unsecured, compulsorily convertible debentures (CCDs) of face value ₹10 each of TouchTown Ventures Private Limited, a subsidiary of the Company.
The investment was made pursuant to a Debenture Subscription Agreement dated 29th September 2026 entered into among TouchTown, the Company and Reash Realtors Developers LLP.
The CCDs will be compulsorily converted into equity shares of TouchTown at a ratio of 1:1 on expiry of 60 months from the date of allotment, subject to adjustments for corporate actions.
Total CCD issue size: 9,90,000 CCDs (₹99,00,000) across all subscribers.
Upon conversion, the Company's shareholding in TouchTown Ventures Private Limited will be 50% of the expanded equity share capital.
Other Significant Information:
TouchTown Ventures Private Limited is incorporated at Greater Kailash Enclave-II, New Delhi – 110048.
Authorised Capital: ₹10,00,000
Paid-up capital: ₹1,00,000
Industry: Real Estate
The investment objective is to support the capital expenditure, working capital requirements and general corporate purposes of TouchTown Ventures Private Limited, enabling it to meet its funding requirements and pursue its business growth plans.
Consideration: Cash payment of ₹49,30,000
Completion timeline: As per Debenture Subscription Agreement dated 29th September, 2026