Imagicaaworld Entertainment Limited announced that its Board of Directors has approved a strategic investment of up to ₹100 crore in Shanku's Water Park, Gujarat's largest water park. The investment will be made in Mehsana Next Parks Private Limited (MNPPL), the Special Purpose Vehicle owning and operating the park located in Mehsana. This move marks a significant step in the company's expansion strategy within Gujarat's leisure and tourism market.

Investment and Transaction Structure

The Board approved the investment proposal through a combination of equity contribution and debt securities. The capital infusion will support the existing operations and fund the development of new attractions on surplus land adjoining the park. Imagicaaworld Entertainment will also provide Operations & Management (O&M) services, leveraging its expertise in park operations, guest experience, and safety systems. As part of this arrangement, the company will receive management fees ranging between 6% and 10%.

Strategic Benefits and Asset Details

Shanku's Water Park is spread across 25+ acres and features 25+ high-quality rides. It serves the large catchment markets of Ahmedabad, Mehsana, Gandhinagar, and surrounding regions. The park has recently undergone renovation, including the deployment of advanced water filtration systems. The strategic location provides access to a strong consumer base with rising discretionary spending.

Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, highlighted that this transaction deepens the company's footprint in Gujarat. He noted that the asset is strategically located within a one-hour radius of Ahmedabad and GIFT City, positioning it at the crossroads of commercial growth and weekend tourism. The company aims to enhance guest experiences and drive footfalls through this partnership.

Imagicaaworld Entertainment Limited has informed the exchanges regarding the resignation of its Company Secretary and Compliance Officer, Ms. Reshma Poojari. The Board of Directors at its meeting held on Friday, May 15, 2026, accepted the resignation of the Key Managerial Personnel.

Ms. Poojari tendered her resignation to pursue alternate career opportunities outside the company name . She will be relieved from her duties effective close of business hours on June 08, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company provided specific details regarding the change in its compliance leadership. The resignation follows a tenure of nearly three years and eight months with the organization.

The resignation letter submitted by Ms. Poojari expressed gratitude to the Board and Senior Leadership for their support during her tenure. She wished the company continued success in its future endeavours. The company has requested the exchanges to take the information on record.