Investment Agreement Details
Imagicaaworld Entertainment Limited (IEL) entered into an Investment Agreement on July 31, 2026 with Mehsana Next Parks Private Limited (MNPPL) and Keshav Holiday Resort Private Limited (KHRPL). The company also executed a deed of adherence to the Business Transfer Agreement (BTA) dated July 30, 2026 between MNPPL and KHRPL, agreeing to be bound by its terms. The BTA involves MNPPL acquiring Shanku's Water Park from KHRPL on a 'slump sale basis'.
Acquisition of Stake in MNPPL
- IEL is acquiring a 50.002% stake in Mehsana Next Parks Private Limited (MNPPL) for ₹50 crore.
- MNPPL is a special purpose vehicle incorporated on February 12, 2025 with nil turnover for FY ended March 31, 2026.
- The company operates in the Outdoor Entertainment Parks industry.
- The acquisition represents expansion of IEL's existing business into new geography through association with an existing regional player.
- The transaction is not a related party transaction and is being done at arm's length.
- Completion is expected on or before September 30, 2026, subject to fulfilment of conditions precedent and statutory/regulatory approvals.
Corporate Governance and Management Rights
Post-acquisition, IEL and KHRPL will each have the right to appoint 2 directors to MNPPL's board, with 1 Independent Director to be appointed by consensus.
Update on Previous Intimation
Additionally, the company informed that the proposed acquisition of 100% equity shares of Malpani Parks Ahmedabad Private Limited (MPAPL) from Malpani Parks Private Limited (MPPL), which was intimated on August 22, 2025, was not executed as of March 31, 2026.