Touchwood Entertainment Limited Announces Financial Results, Rescinds Vanam Wellness Acquisition

Touchwood Entertainment Limited Announces Financial Results, Rescinds Vanam Wellness Acquisition​

Touchwood Entertainment Limited announced significant business updates and approved its financial results for the quarter and financial year ended March 31, 2026, following a board meeting held on May 25, 2026.

The Board of Directors reviewed and approved the audited standalone and consolidated financial results for the period.

Governance and Audit Appointments​

During the meeting, the Board made decisions regarding professional services for the current financial year.

The company approved the re-appointment of the following firms for the Financial Year 2026-2027:

• Internal Auditors: M/s. AAVN & Associates, Chartered Accountants.
• Tax Auditors: M/s Agarwal Sudesh & Associates, Chartered Accountants (Firm Registration Number: 019504N).

Rescission of Proposed Acquisition​

In a major operational development, the Board of Directors decided not to proceed with the proposed acquisition of a 51% equity stake in Vanam Wellness & Celebration Private Limited. The original proposal, which concerned a company engaged in hotels, motels, inns, resorts, and short-term lodging facilities, was discontinued. The Board cited commercial considerations, strategic business assessment, and a post-evaluation of the opportunity as the reasons for rescinding the proposal, effective immediately.

Financial Performance Summary​

The company released audited standalone and consolidated financial data for the period ended March 31, 2026.

Standalone Financial Results (Amounts in INR Lakhs)​

The standalone results show the following key figures for the period ended March 31, 2026:


The Segmentwise Revenue for the standalone entity highlighted the Event Management Services segment, which contributed 2,794.41 INR lakhs in Revenue from Operations for the quarter ended March 31, 2026.

Consolidated Financial Results (Amounts in INR Lakhs)​

The consolidated financials included the results of the Holding Company and its subsidiaries, MakeMeUp Private Limited and WedAdvisor Solutions Private Limited.

Auditor's Emphasis of Matter​

The Independent Auditor's Report on both the standalone and consolidated financial results included two key emphasis points for the year under review:

1. Tax Search and Seizure: The Income Tax department conducted a Search & seizure operation at the company's corporate office from January 28, 2026, to January 31, 2026. During the search, officials seized an amount of Rs. 21 lacs in cash. The company stated that this matter is still under investigation and it is awaited any order regarding unforeseen liability or tax demand.
2. Bad Debts Write-Off: The company wrote off a balance under Sundry Debtor amounting to Rs. 99.20 lacs. This debt had been outstanding for more than five years and significantly affected the company's profit for the quarter and the year as a whole.

TOUCHWOOD Stock Price Movement​

Today, Touchwood Entertainment Limited shares edged higher, finishing the session up 1.98% to settle at ₹72.50. The stock traded on a volume of 2,519 shares, contributing to its solid post-market close.