Touchwood Entertainment Wins Property Development Project from DMRC in Delhi Metro Network
Touchwood Entertainment Limited has secured a Letter of Acceptance (LOA) from the Delhi Metro Rail Corporation Limited (DMRC) for a major property development project within the Delhi Metro Network. The Board of Directors announced the outcome of this business award, which involves a collaboration with Hometown Properties Private Limited.The LOA, dated June 2, 2026 and received by the company on June 6, 2026, confirms the appointment of a consortium to handle the property development on a specific land parcel in Delhi.
Key Details of the DMRC Project Award
The project involves developing a land plot located at Mohan Estate Metro Station, Line-6 of the Delhi Metro Network. Touchwood Entertainment Limited will participate as the majority stakeholder in this venture.Details regarding the awarded contract and the consortium are provided below:
| Particular | Detail |
|---|---|
| Awarding Entity | Delhi Metro Rail Corporation Limited (DMRC) |
| Nature of Contract | Award of Project / Development Rights for Property Development |
| Land Area | 8,903.77 Sq. Mtrs. |
| Location | Mohan Estate Metro Station, Line-6 of Delhi Metro Network |
| Consortium Stake | Touchwood Entertainment Limited (70%) and Hometown Properties Private Limited (30%) |
| Contract Status | Domestic Entity |
Strategic Move to Incorporate Joint Venture Company
To manage and execute the scope of work required by DMRC, the company's Board approved a strategic proposal for incorporating a dedicated Joint Venture Company. This entity will be responsible for undertaking, developing, operating, and managing the DMRC project in partnership with Hometown Properties Private Limited.The Board also sanctioned making an application to the Ministry of Corporate Affairs for reserving the name of this proposed JV company. The preferred names identified are TOUCHTOWN VENTURES PRIVATE LIMITED and AB TOUCHTOWN VENTURES PRIVATE LIMITED.
The Directors and Key Managerial Personnel were authorized by the Board to undertake all necessary actions, documentation, applications, and compliances required for the reservation and incorporation of the proposed venture.
TOUCHWOOD Stock Price Movement
Touchwood Entertainment Limited shares slipped by 0.65%, closing today at ₹70 after falling ₹0.46 from the previous close. The stock traded within an intraday range of ₹69.1 to ₹71.9, with a volume of 1,328 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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