Imagicaaworld Entertainment has executed a binding Memorandum of Understanding (MoU) with Juniper Hotels Limited for the sale of Hotel Novotel Imagicaa in Khopoli, Maharashtra. The transaction is structured as a slump sale of the operating hotel undertaking as a going concern for a lumpsum consideration of ₹248 crore.

The deal, disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, was formalized on October 5, 2026, following Board approval on September 16, 2026. The sale includes the transfer, assignment, and conveyance of the asset, subject to tax deduction at source and other adjustments defined in the definitive documents.

Transaction Structure and Regulatory Approvals

The Proposed Transaction involves the sale of the entire operating hotel undertaking of Imagicaaworld Entertainment Ltd. The definitive documents may include a deed of conveyance, business transfer agreement, asset purchase agreement, or slump sale agreement.

Crucially, the transaction is subject to specific regulatory and corporate approvals:

1. Approval from shareholders pursuant to Section 180(1)(a) of the Companies Act, 2013.
2. Compliance with Regulation 37A of SEBI (LODR) Regulations, 2015.
3. Shareholder approval will be sought through a postal ballot process.

The company confirmed that the buyer, Juniper Hotels Limited, is not related to Imagicaaworld’s promoters, promoter group, or group companies. Consequently, the transaction does not fall under related-party disclosures and is not required to be conducted at arm’s length pricing under those specific regulations.

Asset Details and Strategic Context

The acquisition targets a fully operational asset spread across approximately 11 acres of land. The property features a built-up area of roughly 2,80,000 sq. ft. and comprises 287 guest rooms, along with restaurants, banquet facilities, meeting spaces, and recreational amenities. The location is strategically positioned in close proximity to Mumbai, enhancing its appeal for both leisure and business travelers.

What the Numbers Show

The shift to a slump sale structure distinguishes this transaction from a standard asset purchase. By selling the operating undertaking as a going concern, Imagicaaworld transfers the business entity's liabilities and assets together, potentially offering tax efficiencies for the seller under Section 2(103) of the Income-tax Act, 2025. For Juniper Hotels, acquiring a fully operational 287-room property allows for immediate revenue generation without the lead time associated with construction or renovation, although specific EBITDA contributions were not disclosed in the filing.

Juniper Hotels Limited will participate in an analyst and institutional investor meeting on September 22, 2026, at Taj Santacruz, Mumbai.

Meeting details

The company has notified the stock exchanges of its participation in the Anand Rathi Annual Flagship Conference G-200 Summit 2026. The intimation was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarises the key details of the scheduled meeting:

Disclosure on price-sensitive information

Juniper Hotels has confirmed that no unpublished price sensitive information pertaining to the company will be disclosed or shared at the meeting with analysts or institutional investors. The intimation was filed on September 17, 2026, and is available on the company's website.