Touchwood Entertainment Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Touchwood Entertainment has announced a board meeting to discuss the statement of variations in the use of funds raised through a preferential issue. As of September 30, 2023, it confirmed deviations in the stated objectives for the funds raised, amounting to ₹14.28 crore. No funds were utilized before the variations for the quarter ended December 31, 2024.

The Audit Committee has reviewed the updates, indicating a shift in strategic focus. This development may generate a neutral impact on investor sentiment as the company adjusts its operational strategies while managing shareholder interests effectively.