Touchwood Entertainment Limited has informed the Exchange regarding Board meeting held on May 20, 2025.
TOUCHWOOD · price
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Touchwood Entertainment's board met on May 20, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025, along with the re-appointment of Internal and Tax Auditors and a new 5-year Secretarial Auditor. Standalone revenue more than doubled to Rs. 68.85 crore (from Rs. 32.72 crore in FY24), driven by the Event Management segment, while Profit After Tax grew about 49% to Rs. 5.39 crore and Basic EPS rose to Rs. 4.87 (from Rs. 2.97). The company did not recommend any dividend for FY25 and disclosed a Rs. 2.29 crore investment in an immovable property at Greater Noida. The statutory auditors (VSD & Associates) issued an unmodified opinion on both standalone and consolidated results, though consolidated operating cash flow turned negative at Rs. -0.09 crore despite higher profits.
Strong top-line and earnings growth in FY25 is positive for shareholders, but the absence of a dividend and weak/negative operating cash flow (especially on a consolidated basis) may temper enthusiasm. The re-appointments of internal and tax auditors and the long-term secretarial auditor appointment signal governance continuity rather than disruption.