Imagicaaworld Entertainment Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that there has been no deviation from the objects of the preferential issue, which successfully raised INR 215.75 crore. All utilization of proceeds during the quarter remained consistent with the disclosures provided to shareholders, with funds being allocated toward loan repayments and operational requirements.
Preferential Issue Overview
Imagicaaworld Entertainment completed a preferential issue in March 2025, raising a total of INR 215.75 crore from the subscription of equity shares and convertible warrants. The company issued 2,34,82,500 equity shares at a rate of INR 73.50 per share, and an equal number of convertible warrants. As of March 31, 2026, the company has successfully received the full subscription amount for the equity shares and 25% of the value of the convertible warrants as upfront consideration.
Utilization of Funds
The monitoring process for the quarter ended March 31, 2026, indicates that the funds are being deployed in accordance with the original project plan. Key allocations include:
- INR 139.17 crore utilized for the repayment of loans availed by Malpani Parks Indore Private Limited.
- INR 21.55 crore directed toward part payment for operational parks acquired from Giriraj Enterprises.
- INR 55 crore utilized for the repayment of intercorporate loans related to the acquisition of Malpani Parks Indore Private Limited.
- INR 0.02 crore utilized for general corporate purposes.
Project Status and Compliance
The company reports that there has been no deviation from the stated objects of the issue. The repayment of loans and intercorporate debt has been marked as completed, while the payment for operational park acquisitions and general corporate objectives remain ongoing, aligned with the 18-month timeline defined in the original offer document. No adverse events or changes in the means of finance have been observed, ensuring the continued viability of the project objects.
Source: BSE
