Board Meeting Details

The Board meeting was held on November 13, 2026, commencing at 12:05 PM and concluding at 03:40 PM.

Key Approvals

1. Unaudited Standalone and Consolidated Financial Results for quarter and half year ended September 30, 2026

2. Fund raising of up to Rs. 16,25,00,047.50 by preferential issue of up to 22,10,885 Convertible Warrants to Non-Promoter category at Rs. 73.50 per warrant

Extraordinary General Meeting

An EGM will be held on Friday, December 11, 2026 through Video Conferencing/Other Audio Visual Means to seek shareholder approval for the preferential issue.

Financial Results - Standalone (Rs in Lakhs)

Quarter Ended September 30, 2026

  • Revenue from operations: 3,844.75
  • Other income: 415.73
  • Total income: 4,260.48
  • Total expenses: 8,293.96
  • Loss before tax: (4,033.48)
  • Exceptional items (gain): (197.51)
  • Loss after exceptional items: (3,835.97)
  • Tax expense: 74.18
  • Net loss: (3,910.16)
  • Basic EPS: (0.69)
  • Diluted EPS: (0.69)

Half Year Ended September 30, 2026

  • Revenue from operations: 20,050.93
  • Other income: 882.24
  • Total income: 20,933.17
  • Total expenses: 19,346.34
  • Profit before tax: 1,686.83
  • Exceptional items (gain): (242.42)
  • Profit after exceptional items: 1,829.25
  • Tax expense: 426.87
  • Net profit: 1,400.38
  • Basic EPS: 0.25
  • Diluted EPS: 0.25

Financial Results - Consolidated (Rs in Lakhs)

Quarter Ended September 30, 2026

  • Revenue from operations: 4,038.63
  • Other income: 390.39
  • Total income: 4,429.02
  • Total expenses: 9,127.12
  • Loss before tax: (4,698.10)
  • Exceptional items (gain): (197.51)
  • Loss after exceptional items: (4,500.59)
  • Tax expense: 74.18
  • Net loss: (4,574.77)
  • Basic EPS: (0.81)
  • Diluted EPS: (0.81)

Half Year Ended September 30, 2026

  • Revenue from operations: 21,799.08
  • Other income: 660.08
  • Total income: 22,459.16
  • Total expenses: 21,090.03
  • Profit before tax: 1,369.13
  • Exceptional items (gain): (242.42)
  • Profit after exceptional items: 1,611.55
  • Tax expense: 428.87
  • Net profit: 1,182.68
  • Basic EPS: 0.21
  • Diluted EPS: 0.21

Segment Information - Consolidated (Half Year Ended September 30, 2026)

  • Parks segment revenue: 19,191.96
  • Hotel segment revenue: 2,607.12
  • Parks segment results: 1,937.56
  • Hotel segment results: 243.46

Capital Structure Changes

  • Equity share capital increased from Rs. 5,658.615 lakhs to Rs. 5,893.440 lakhs due to conversion of warrants
  • During half year ended September 2026, warrant holders paid balance amount of Rs. 12,944.73 lakhs towards conversion into equity shares
  • Total amount received towards equity shares: Rs. 17,259.64 lakhs
  • Allotment of 2,34,82,500 equity shares at Rs. 73.50 per share done on September 24, 2026

Cash Flow Highlights - Standalone (Half Year Ended September 30, 2026)

  • Net cash from operating activities: 5,949.55
  • Net cash used in investing activities: (4,681.23)
  • Net cash from financing activities: 11,247.29
  • Net increase in cash: 12,515.61
  • Cash and cash equivalents at end: 13,853.40

Significant Events and Transactions

1. Investment in Subsidiary: Signed investment agreement on July 31, 2026 to invest Rs. 5,000.00 lakhs for majority equity interest in Mehsana Next Parks Private Limited that operates "Shanku's Water Park" in Mehsana, Gujarat

2. Hotel Sale MOU: Board approved MOU on September 16, 2026 for proposed slump sale of Hotel Novotel Imagicaa, Khopoli for consideration of Rs. 24,800.00 lakhs, subject to shareholder and regulatory approvals

3. Warrant Conversion: Completed conversion of warrants into equity shares receiving balance 75% amount of Rs. 12,944.73 lakhs

4. Subsidiary Operations: Imagicaa Next Private Limited (wholly owned subsidiary) yet to commence operations

Exceptional Items

Comprise (Gain)/Loss on Fair value change in NCRPS:

  • Q2 FY27: (197.51) lakhs
  • H1 FY27: (242.42) lakhs

Assets and Liabilities Position (Standalone as at September 30, 2026)

  • Total assets: 1,88,574.09 lakhs
  • Total equity: 1,47,345.61 lakhs
  • Non-current liabilities: 21,880.57 lakhs
  • Current liabilities: 19,347.91 lakhs
  • Property, plant and equipment: 1,20,721.17 lakhs
  • Cash and cash equivalents: 13,835.09 lakhs

Preferential Issue Details

  • Type: Convertible Warrants
  • Number: Up to 22,10,885 warrants
  • Issue price: Rs. 73.50 per warrant
  • Total amount: Rs. 16,25,00,047.50
  • Allottee: Bennett Coleman and Company Limited (Non-Promoter category)
  • Conversion: Each warrant carries entitlement to subscribe to one equity share within 18 months from allotment date
  • Compliance: In accordance with Chapter V of SEBI ICDR Regulations