Imagicaaworld Entertainment Limited has successfully executed financing agreements for a ₹65 crore term loan and working capital facility. The funds will be utilized to shore up the company’s long-term resources. The credit facility involves Axis Bank Limited as the lender and includes security provisions such as a pari-passu charge on company assets and personal guarantees from the company’s directors.
Financial Strengthening
Imagicaaworld Entertainment Limited has officially closed a financing agreement worth ₹65 crore. Executed on April 10, 2026, this capital injection is designed to reinforce the company’s long-term financial resources. The agreement follows a sanction letter issued on November 10, 2025, and underscores the company’s strategic efforts to ensure robust liquidity for its operational requirements.
Security and Terms
The facility is secured through a multi-layered collateral structure. This includes a first pari-passu charge on specified immovable and movable assets at the company’s Khopoli location, alongside a second pari-passu charge on assets at the Lonavala facility. Additionally, the company has pledged its current assets and receivables as part of the security package.
To further support the credit facility, the company’s directors—Mr. Rajesh Omkarnath Malpani, Mr. Manish Madhav Malpani, and Mr. Jai Manish Malpani—have provided personal guarantees. The agreement also stipulates that in the event of a default, the lender maintains the right to appoint a nominee director to the board, and any major shifts in the company’s capital structure will require prior approval from the lender.
Source: BSE
