Touchwood Entertainment Limited reported a 21.2% decline in net profit to ₹424.56 crore for the financial year ended March 31, 2026, compared to ₹538.74 crore in the previous year, primarily due to a significant bad debt write-off. Revenue from operations for FY26 rose 8.3% to ₹7,458 crore from ₹6,885.42 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹70.31 crore, a decrease from ₹139.98 crore in the corresponding quarter of the previous year, while revenue stood at ₹2,794.41 crore.

The board of directors, in its meeting held on May 25, 2026, approved the audited standalone and consolidated financial results. The company did not recommend any dividend for the financial year. The independent auditor, VSD & Associates, issued an unmodified opinion on the financial results but drew attention to two emphasis of matter paragraphs.

The auditors highlighted that the Income Tax department conducted a search and seizure operation at the company's corporate office from January 28, 2026, to January 31, 2026. The company cooperated with the authorities and is yet to receive any order regarding liability or tax demand, as the matter remains under investigation. During the search, officials seized ₹21 lakh in cash, which was recorded in the books of accounts.

Furthermore, the auditors noted that the company wrote off a balance under sundry debtors amounting to ₹99.20 crore during the year, which was outstanding for more than five years. This write-off significantly affected the profit for the quarter ended March 2026 and the financial year as a whole. The company operated solely in the event management services segment during the quarter and financial year under review, with no business activity in trading or construction services.

The board also re-appointed M/s. AAVN & Associates as the Internal Auditors and M/s. Agarwal Sudesh & Associates as the Tax Auditors for the financial year 2026-2027. Additionally, the board decided to rescind the proposed acquisition of 51% equity shares of Vanam Wellness & Celebration Private Limited due to commercial considerations and strategic business assessment.

Financial Performance

The following table summarizes the standalone financial results for Touchwood Entertainment Limited for the quarter and year ended March 31, 2026:

Segment Reporting

Touchwood Entertainment Limited reported that it evaluated its operating segments in accordance with Ind AS 108. While the company has multiple operating segments including event management services, trading, and construction services, it operated exclusively in the event management services segment during the quarter and financial year ended March 31, 2026. Consequently, there was no revenue generated from trading or construction services during this period. The entire revenue of ₹7,458 crore for the year was derived from event management services.

touchwood entertainment has announced the appointment of Mr. Rishabh Mishra as its Company Secretary and Compliance Officer. The appointment, effective May 21, 2026, was approved by the Board of Directors during a meeting held on the same day. This decision follows the recommendation of the company's Nomination and Remuneration Committee and is in accordance with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Mishra will assume the role of a Key Managerial Personnel (KMP) for the company. Additionally, he has been designated as an authorised official responsible for determining the materiality of events or information and for making necessary disclosures to the stock exchanges. The other officials authorised for these purposes will remain unchanged.

Profile of the Appointee

Mr. Rishabh Mishra is an Associate Member of the Institute of Company Secretaries of India (ICSI), holding Membership Number ACS 80568. He holds a Bachelor of Commerce degree from the University of Delhi and is currently pursuing a Bachelor of Laws (LL.B.) to further enhance his legal expertise.

Prior to joining Touchwood Entertainment, Mr. Mishra gained experience working with DLF Family Office and Pro CLB Global Limited. His professional background includes extensive work in corporate secretarial practice, compliance, stock exchange filings, and corporate governance.

Board Meeting Details

The Board Meeting to consider this appointment commenced at 1:30 PM IST and concluded at 2:00 PM IST on May 21, 2026. The information regarding the appointment has been uploaded to the company's official website.