Imagicaaworld secures ₹65 Cr financing from Axis Bank

Imagicaaworld Entertainment Limited has executed financing agreements with Axis Bank Limited and IDBI Trusteeship Services Limited on April 10, 2026. The purpose of this agreement is to shore up the company's long-term resources, with a total facility amount of ₹65,00,00,000. The facility is a Term Loan/Working Capital. Significant terms include the lender's right to appoint a nominee director on the Board if an event of default is triggered, and the requirement for lender approval for major changes in the company's capital structure. The loan is secured by a first pari-passu charge on specified immovable and movable assets at Khopoli, a second pari-passu charge on assets at Lonavala, a second pari-passu charge on current assets and receivables, and personal guarantees from three directors.