Touchwood Entertainment Limited has informed the Exchange about related Party Transactions
TOUCHWOOD · price
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Touchwood Entertainment Limited has filed a mandatory disclosure under SEBI Regulation 23(9) detailing related party transactions for the half year ending 31st March 2025. The transactions are entirely with Key Managerial Personnel (KMPs) and their relatives, covering remuneration and professional services. Key transactions include remuneration paid to Manjit Singh and Vijay Arora (Rs. 21 lakhs each), Jaswinder Kaur, Priyanka Arora, and Shrey Khandelwal (Rs. 12 lakhs each), Dinesh Singla (Rs. 9 lakhs), and Ritika Vats (Rs. 2.35 lakhs). Professional services of Rs. 39 lakhs were paid to Akshar Arora (relative of KMP) through Touchwood Music Prop. No loans, inter-corporate deposits, advances, or investments were involved. Outstanding payables to KMPs are shown in brackets.
This is a routine regulatory compliance disclosure and does not indicate any major corporate event. Shareholders should note that a significant portion of payments went to relatives of KMPs (e.g., Rs. 39 lakhs to Akshar Arora), which is worth tracking for governance purposes, though the amounts are modest relative to typical listed-company operations.