Income Tax Department conducted search and seizure at corporate office
TOUCHWOOD · price
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Income Tax Department, New Delhi conducted a search and seizure operation at Touchwood Entertainment's corporate office from January 28 to January 31, 2026 under Section 132 of the Income Tax Act. The company says it fully cooperated and claims there is no material impact on financials or operations. The disclosure to the stock exchange was delayed due to restricted access to laptops and systems during the search.
Tax investigation raises governance concerns. Company claims no material impact, but any tax demand or penalty could affect future financials.