Touchwood Entertainment Limited — Others, 20-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Touchwood Entertainment Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company raised Rs. 14.28 Cr through optionally convertible equity share warrants but forfeited Rs. 5.10 Cr from 20 lakh warrants not converted within 18 months. Funds have been reallocated strategically: Rs. 2.50 Cr for subsidiary business growth, Rs. 3.32 Cr for capital expenditures, and Rs. 1.78 Cr for working capital and loan repayment, supporting expansion and financial stability. No deviations in fund usage were reported for the recent quarter.