Touchwood Entertainment gets MCA approval for TouchTown Ventures

Touchwood Entertainment Limited received approval from the Ministry of Corporate Affairs (MCA) on June 16, 2026, for the name of its proposed subsidiary, TouchTown Ventures Private Limited. The company will subscribe to 70% of the equity share capital of the new entity, which will operate in the real estate sector. The subscription cost is ₹70,000, and the transaction will be conducted at face value on an arm's length basis.

The proposed subsidiary, TouchTown Ventures Private Limited, will have an authorized capital of ₹100,000, comprising 10,000 equity shares of ₹10 each. The entity will function as real estate developers, builders, contractors, and property managers. Its business objectives include acquiring and utilizing development rights, approvals, and related assets for the development and commercial exploitation of real estate projects.

TouchTown Ventures Private Limited will become a related party of Touchwood Entertainment Limited upon incorporation. Mr. Vijay Arora, Promoter and Whole-Time Director of Touchwood Entertainment Limited, is proposed to be appointed as a Director of the subsidiary. The company informed the National Stock Exchange of India regarding the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Proposed Subsidiary

Particulars	Details
Name	TouchTown Ventures Private Limited
Proposed Authorized Capital	₹100,000 (10,000 equity shares of ₹10 each)
Industry	Real Estate
Cost of Acquisition	₹70,000
Shareholding Acquired	70% of Equity Share Capital
Nature of Consideration	Cash

The information was submitted by Rishabh Mishra, Company Secretary & Compliance Officer of Touchwood Entertainment Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.87%	+9.68%	+4.70%	-26.18%	-37.59%	-14.20%

Touchwood Entertainment Limited has received a Letter of Acceptance (LOA) from Delhi Metro Rail Corporation Limited (DMRC) to develop a property at Mohan Estate Metro Station. The project involves the development of a land plot admeasuring 8,903.77 Sq. Mtr. on Line-6 of the Delhi Metro Network. This strategic move allows the company to expand its footprint in the infrastructure and property development sector through a consortium model.

Joint Venture Structure

The Board of Directors approved the formation of a joint venture with Hometown Properties Private Limited to implement the project. The consortium agreement stipulates that Touchwood Entertainment Limited will hold a 70% stake, while Hometown Properties Private Limited will hold the remaining 30%. The joint venture company will undertake the development, operation, and management of the property subject to statutory and regulatory approvals.

Project Details

The project is a domestic contract awarded by DMRC. The execution timeline and financial consideration will be governed by the terms outlined in the LOA, the Request for Proposal (RFP), and definitive agreements to be signed with DMRC. The Board has authorized the directors and key managerial personnel to complete all necessary filings and documentation for the incorporation of the new entity.

Proposed Company Names

The Board has approved an application with the Ministry of Corporate Affairs to reserve the name of the new entity. The preferred names are:

TOUCHTOWN VENTURES PRIVATE LIMITED
AB TOUCHTOWN VENTURES PRIVATE LIMITED

The disclosure was made in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.