Income Tax search conducted at corporate office, company says no material impact
TOUCHWOOD · price
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The Income Tax Department conducted a search and seizure operation under Section 132 of the Income Tax Act at Touchwood Entertainment's corporate office in New Delhi from January 28 to January 31, 2026. The company says it fully cooperated with officials and provided all documents sought. It states there is no material impact on financials or operations. The intimation was delayed because officials restricted access to laptops and records during the search.
May create short term uncertainty for the stock, though the company says operations are unaffected. Tax matter outcome is still pending.