Imagicaaworld Entertainment Ltd

Imagicaaworld Entertainment reported a 6% year-on-year drop in consolidated footfalls to 2.1 lakh for Q2 FY27, attributed to heavy rains. Key updates include the Board's approval for the sale of Novotel Imagicaa to Juniper Hotels Ltd for ₹248 crores, with an MoU executed. The company also received the balance subscription amount for convertible warrants, fully converting them into equity shares. Additionally, Imagicaaworld acquired a 50% stake in Mehsana Next Parks Private Ltd, which owns Shanku's Water Park. The company plans to launch its first indoor entertainment park, Hello Park, in Q3 FY27.

Imagicaaworld Entertainment Ltd has announced the completion of the second term for Mr. Suresh Bharathwaj as an Independent Director, effective October 17, 2026. Consequently, he has ceased to be an Independent Director and has stepped down from his roles as Chairperson of the Stakeholders Relationship Committee and ESOS Allotment Committee, and as a Member of the Audit Committee. The company expressed its appreciation for his contributions.

Imagicaaworld Entertainment Limited (IEL) has entered into a binding Memorandum of Understanding (MoU) with Juniper Hotels Limited for the sale of its operating hotel undertaking, Hotel Novotel Imagicaa, located in Khopoli, Maharashtra. The transaction is structured as a slump sale for a lumpsum consideration of ₹2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only). This proposed transaction is subject to fulfillment of completion terms and conditions, including the execution of definitive documents and approval from shareholders via a postal ballot process, as required by Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of SEBI (LODR) Regulations, 2015. The sale is on a going concern basis.

Imagicaaworld Entertainment Limited announced the full conversion of convertible warrants into equity shares, raising ₹129.45 crore. The company allotted 2,34,82,500 equity shares at ₹73.50 per share, a premium to the current market price. This conversion strengthens the company's financial position and reaffirms strong promoter and investor confidence, with the promoter group maintaining nearly 75% shareholding. The funds will be utilized for existing capital commitments and growth initiatives, including park expansion, new attractions, and scaling up the indoor entertainment business.

Malpani Parks Private Limited has acquired 1,70,06,800 equity shares in Imagicaaworld Entertainment Limited, representing 2.88% of the total capital. This acquisition occurred through the conversion of convertible warrants into equity shares pursuant to a preferential allotment. Following the transaction, Malpani Parks Private Limited's holding in Imagicaaworld Entertainment Limited increased from 74.02% to 76.90% of the total diluted share capital.

Imagicaaworld Entertainment Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to consider these results will be communicated separately.

Imagicaaworld Entertainment Ltd has announced the allotment of 2,34,82,500 fully paid equity shares of face value ₹10 each at an issue price of ₹73.50 per share. This allotment is pursuant to the conversion of convertible warrants, with the balance 75% of the subscription amount received. The total consideration for this allotment amounts to ₹172,59,63,750. Following this, the company's issued, subscribed, and paid-up equity share capital has increased to ₹5,89,34,39,470, comprising 58,93,43,947 equity shares. The new shares will rank pari-passu with existing shares and will be listed on BSE and NSE.

Imagicaaworld Entertainment Limited has announced the proposed divestment of its 287-key Novotel Imagicaa hotel for ₹248 crore to Juniper Hotels Limited. This transaction, structured as a slump sale, is subject to definitive agreements and regulatory approvals. The strategic rationale includes strengthening the balance sheet, sharpening focus on the core, high-margin park business, and unlocking capital for expansion in new geographies and indoor entertainment. The divestment is expected to improve overall EBITDA margins, as the park business operates at 40-45% EBITDA margins compared to the hotel business's 25-30%. Juniper Hotels' planned upscaling of the hotel is anticipated to enhance the overall Imagicaa destination experience.

Imagicaaworld Entertainment Limited's board has approved in principle the sale of its Hotel Novotel Imagicaa undertaking to Juniper Hotels Limited for ₹248 crore. The transaction, structured as a slump sale, is subject to shareholder approval and definitive agreements. The hotel division contributed ₹57.02 crore in revenue (15.9% of total) and ₹96.74 crore in net worth (7.3% of total) in FY 2025-26. The sale is expected to be completed by March 31, 2027. This divestment requires shareholder approval via postal ballot under Section 180(1)(a) of the Companies Act, 2013.

Imagicaaworld Entertainment Ltd has issued a corporate guarantee of ₹85 crore in favor of IDBI Trusteeship Services Limited. This guarantee serves as security for a term loan facility availed by its wholly-owned subsidiary, Malpani Parks Indore Private Limited (MPIPL), from HDFC Bank Limited. The company stated that this guarantee has no impact on its financials other than the required disclosure. The transaction is structured to facilitate borrowings for MPIPL.