Touchwood-Led Consortium Wins DMRC Property Development Tender

Series: EQ

Reporting Period: Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Contract Award and Corporate Action

Received Letter of Acceptance (LOA) dated 02 June 2026 (received on 6th June 2026)
Awarded to Consortium comprising:
Touchwood Entertainment Limited (70% stake)
Hometown Properties Private Limited (30% stake)
Project: Property Development on 8,903.77 Sq. Mtr. Area Land Plot
Location: Mohan Estate Metro Station, Line-6 of Delhi Metro Network
Project execution governed by terms and conditions in Request for Proposal (RFP), LOA, and definitive agreements to be executed with DMRC
Domestic entity award
Nature: Award of Project/Development Rights
Time period for execution: As per terms specified in LOA, RFP and subsequent agreements
Financial consideration: Based on bid submitted by Consortium, governed by LOA and definitive agreements terms
No promoter/promoter group/group company interest in DMRC
Not a related party transaction

Board approved incorporation of Joint Venture Company with Hometown Properties Private Limited
Purpose: To undertake, implement, develop, operate and manage the DMRC project
Subject to applicable statutory and regulatory approvals
Name reservation application submitted to Ministry of Corporate Affairs with preferred names:
TOUCHTOWN VENTURES PRIVATE LIMITED
AB TOUCHTOWN VENTURES PRIVATE LIMITED
Board authorized Directors and Key Managerial Personnel to undertake all necessary actions for name reservation and company incorporation