Touchwood Entertainment : Re-appointment

Dated: 26th May, 2022

To,

Listing Department

National Stock Exchange of India

Exchange Plaza, Bandra-Kurla Complex,

Bandra (E), Mumbai -400051

Symbol- TOUCHWOODISIN- INE486Y01013Series- EQ

Sub:- Outcome of Board Meeting

Ref: Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Dear Sir/Ma'am,

Pursuant to Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are pleased to inform you that the Board of Directors of the Company, at its meeting held today i.e. the 26th of May, 2022, which commenced at 10:30 A.M. and concluded at 12:45 P.M. considered and approved, inter alia, the following items of business:

1. Audited financial results, both standalone and consolidated, for the quarter and financial year ended the 31st March, 2022. Pursuant to the Listing Regulations, we enclose the following:

• Audited financial results, both standalone and consolidated, for the quarter and financial year ended the 31st March, 2022 ("Financial Results");
• Auditors' Report issued on the Financial Results; and
• Declaration pursuant to Regulation 33(3) (d) of the Listing Regulations, regarding unmodified opinion of the Statutory Auditors on the Financial Results.

2. Recommendation of final dividend:

Recommended a final dividend of Rs. 0.15/- per share for financial year ended the 31st March, 2022. The payment is subject to the approval of the Shareholders at the ensuing 25th Annual General Meeting of the Company. Any further information in this regard including Book closure/record date will be intimated in due course.

3. Re-appointment of Statutory Auditors:

Recommended the re-appointment of M/s. VSD & Associates, Chartered Accountants as the Statutory Auditors of the Company for a period of 5 years from Financial Year 2022-2023 to Financial Year 2026-2027 i.e. from the conclusion of 25th Annual General Meeting till the conclusion of 30th Annual General Meeting; a brief profile of M/s. VSD & Associates is enclosed herewith and marked as "Annexure-A".

4. Re-appointment of Internal Auditors:

Re-appointment of M/s. AAVN & Associates, Chartered Accountants as the Internal Auditors of the Company for the Financial Year 2022-2023; a brief profile of M/s. AAVN & Associates is enclosed herewith and marked as "Annexure- B".

5. Re-appointment of Secretarial Auditor:

Re-appointment of M/s Advitiya Vyas & Company, Practicing Company Secretaries as the Secretarial Auditors of the Company for the Financial Year 2022-2023; a brief profile of M/s Advitiya Vyas & Company is enclosed herewith and marked as "Annexure- C".

6. Re-appointment of Tax Auditor:

Re-appointment of M/s Agarwal Sudesh & Company, Chartered Accountants having Firm Registration Number: 019504N as the Tax Auditors of the Company for the Financial Year 2022- 2023; a brief profile of M/s Agarwal Sudesh & Company is enclosed herewith and marked as "Annexure- D".

7. Approval on the amendment of Code of Conduct:

In compliance with the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations") as amended from time to time, the board approved the amendments in the Company's Code of Conduct for Prohibition of Insider Trading (inclusive of Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information). Pursuant to Regulation 8(2) of the PIT Regulations, duly certified extract of "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information", is enclosed herewith and marked as "Annexure- E".

In compliance with regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the above information will be made available on the Company's www.touchwood.in

You are requested to take note of the same.

Thanking You,

Yours Faithfully,

For Touchwood Entertainment Limited

Ashima Arora

Company Secretary & Compliance Officer

Encl.: As above

Dated: 26th May, 2022

To,

Listing Department

National Stock Exchange of India

Exchange Plaza, Bandra-Kurla Complex,

Bandra (E), Mumbai -400051

Symbol- TOUCHWOODISIN- INE486Y01013Series- EQ

Ref: Regulation 33(3)(d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with para 4.1 of the Circular No. CIR/ CFD/CMD/56/2016 dated 27th May, 2016

Re: Declaration with respect to unmodified opinion in the Auditors Report on the Annual Financial Statements/ Results for the Financial Year ended 31st March, 2022

In terms of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare and confirm that the Statutory Auditors of the Company viz., M/s VSD & Associates, Chartered Accountants, (FRN No.:008726N), have issued the Auditors Report with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for Financial year ended on 31st March, 2022.

Kindly take the same on record.

Thanking You,

Yours Faithfully,

For Touchwood Entertainment Limited

Manjit Singh

Managing Director