Imagicaaworld Entertainment Limited has completed the acquisition of 12,500 equity shares in Mehsana Next Parks Private Limited (MNPPL) for ₹50 crore, making the special purpose vehicle its subsidiary. The transaction, finalized on August 06, 2026, secures control of Shanku's Water Park in Gujarat, marking a strategic expansion into the region's outdoor entertainment sector. This move allows the company to leverage its operational expertise for park management and revenue optimization while entering a new geography through a joint venture with Keshav Holiday Resort Private Limited (KHRPL).

The acquisition follows an investment agreement dated July 31, 2026, wherein Imagicaaworld agreed to acquire a 50.002% stake in MNPPL. The shares acquired carry a face value of ₹10 each. By completing this purchase, Imagicaaworld has fulfilled the primary condition for controlling the SPV, which was incorporated on February 12, 2025. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

Transaction Structure and Governance

Under the agreement, MNPPL acquired Shanku's Water Park from KHRPL on a slump sale basis. The park spans over 25 acres and features more than 25 high-quality rides, recently renovated with advanced water filtration systems comparable to those at Imagicaa's flagship Khopoli property. Governance of MNPPL is shared between the partners, with both Imagicaaworld and KHRPL entitled to appoint two directors each to the board, alongside one independent director appointed by consensus.

In addition to the equity investment, Imagicaaworld will provide Operations & Management services to the SPV. Management fees will range between 6% and 10% based on agreed parameters, leveraging the company's expertise in guest experience, safety systems, food & beverage, and revenue optimization. The SPV plans to raise additional capital for further development over the next 12–18 months.

Key Deal Metrics

Strategic Implications

Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, stated that the investment deepens the company's presence in Gujarat, one of India's fast-growing leisure markets. The acquisition provides an opportunity to participate in the next phase of growth for a well-established destination. MNPPL reported nil turnover for the financial year ended March 31, 2026, indicating that significant revenue generation is expected post-acquisition and operational integration.

Other Developments

In a separate update regarding broader expansion plans, Imagicaaworld informed stock exchanges that the proposed acquisition of 100% equity shares of Malpani Parks Ahmedabad Private Limited (MPAPL) from Malpani Parks Private Limited has not been executed as of March 31, 2026. This follows a previous intimation dated August 22, 2025, concerning the outcome of the board meeting held on that date.

Imagicaaworld Entertainment Limited will host its Q1FY27 earnings conference call on Monday, August 10, 2026, at 3:00 PM IST to discuss the operational and financial performance of the company for the quarter ended June 30, 2026. The event provides investors and analysts with a direct channel to management regarding the latest quarterly results, offering insights into revenue trends, margin dynamics, and strategic initiatives across its theme park portfolio including Imagicaa, Wet 'n Joy, Sai Teerth, and Aqua Imagicaa.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Mayuresh Kore, Chief Financial Officer & Head Legal, on August 03, 2026, and made available on the company's website at www.imagicaaworld.com . This regulatory disclosure ensures transparency and timely communication of material information to stakeholders.

Key executives scheduled to participate in the call include Jai Malpani, Managing Director; Dhimant Bakshi, Chief Executive Officer; and Mayuresh Kore, Chief Financial Officer, alongside other senior management team members. Their presence allows for detailed questioning on segment-wise performance, capital expenditure plans, and visitor footfall metrics that drive the company's entertainment business model.

Participants can access the conference call through dedicated primary numbers or international toll-free lines provided by Strategic Growth Advisors Pvt. Ltd., which is managing the event logistics. Pre-registration is required via the link provided in the official notice to ensure smooth entry into the virtual session.

Call Access Details

For RSVP inquiries, investors may contact Jigar Kavaiya or Ayush Haria at Strategic Growth Advisors Pvt. Ltd. using the contact numbers +91 99206 02034 or +91 98204 62966. The company's registered office is located at 30/31, Sangdewadi, Khopoli-Pali Road, Taluka Khalapur, District Raigad- 410 203, while its corporate office operates from A-301, 3rd Floor, VIP Plaza, Veera Desai Industrial Estate, Off New Link Road, Andheri (West), Mumbai - 400053.