Imagicaaworld Entertainment Limited has scheduled its 17th Annual General Meeting for Tuesday, September 29, 2026. The company confirmed the date in a filing with stock exchanges on August 28, 2026.

The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). This mode of convening the AGM is in accordance with the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Meeting Details

Shweta Singh, Company Secretary & Compliance Officer of Imagicaaworld Entertainment, signed the intimation letter. The company’s registered office is located in Khopoli, Maharashtra, while its corporate office operates from Mumbai.

Shareholders are requested to take note of the scheduled date and mode for the upcoming annual general meeting.

Imagicaaworld Entertainment reported a ₹58 crore net profit for the quarter ended June 30, 2026, marking a 30% year-on-year increase. Revenue from operations rose 20% to ₹178 crore, driven by healthy visitor volumes across its diversified portfolio of theme, water, and amusement parks. Despite an unprecedented heat wave that forced the closure of the Khopoli park for nearly two weeks and shifted school holiday calendars, the company maintained strong operational momentum.

Financial Performance

The company’s profitability improved significantly, with EBITDA growing 24% year-on-year to ₹90 crore. This expansion was accompanied by a 170 basis point widening in the EBITDA margin, which reached 50.7%. The profit after tax (PAT) margin improved to 32.4%, reflecting the operating leverage inherent in the business model as fixed costs were spread over higher visitor volumes.

*Figures for Q1 FY26 are implied based on reported growth percentages.

Operational Metrics

Consolidated park footfalls increased by 22% to over 11.5 lakh visitors. Revenue from the parks business grew by 22% to ₹161 crore. Average revenue per user (ARPU) remained largely stable at approximately ₹1,395. Management noted that the strong growth in visitor volumes compensated for a consciously softer pricing strategy aimed at driving footfall and non-ticketing multipliers.

Catchment-wise Performance

• Mumbai-Pune: The largest catchment delivered an 18% revenue growth, supported by a 19% increase in footfalls. This region faced the most significant impact from the heat wave, particularly at the Khopoli location.
• Rest of Maharashtra: Revenue grew 33%, driven by a 14% rise in footfalls and a 17% increase in ARPU, reflecting improved product mix and higher guest spending.
• Gujarat: Footfalls surged by 32%, leading to a 15% revenue growth. ARPU declined slightly due to promotional initiatives and a change in visitor mix, as management tested price elasticity in markets like Surat.
• Central India: This was the fastest-growing region, with footfalls jumping 48% and revenue rising 44% year-on-year, validating the expansion into the Indore market.

The hospitality segment, Novotel Imagicaa, maintained an occupancy rate of 62% with average room rates improving marginally to ₹9,657. Revenue remained stable despite a slight moderation in occupancy.

Strategic Developments

Imagicaaworld announced the acquisition of a 50.002% stake in Mehsana Next Parks Private Limited, the special purpose vehicle owning Shanku’s Water Park in Mehsana, for an investment of ₹50 crore. This acquisition makes the park a subsidiary, with consolidation expected from Q2 FY27 onwards. The company will continue to operate and maintain the park, earning management fees ranging from 6% to 10%.

Additionally, the company entered the indoor entertainment segment through an exclusive partnership with Dubai-based Hello Park. The first center is scheduled to launch in Hyderabad later this year, with a second location finalized in Surat. Each center requires a capital investment of ₹8 to ₹12 crore and is expected to deliver EBITDA margins of 24% to 25%, accounting for mall rentals and a 5% to 7% royalty fee.

What the Numbers Show

The divergence between footfall growth (22%) and revenue growth (20%), alongside stable ARPU, indicates that management prioritized volume over pricing power in Q1 FY27. This strategy appears deliberate, aimed at maximizing non-ticketing revenues and market penetration, particularly in price-sensitive regions like Gujarat where promotional initiatives led to lower ARPU but significantly higher visitor counts. The ability to expand EBITDA margins by 170 bps despite this softer pricing approach underscores the high operating leverage of the existing park network.