Imagicaaworld Entertainment Limited has filed its monitoring agency report for the quarter ended December 31, 2025, as mandated under SEBI regulations. The report, prepared by India Ratings & Research Private Limited and reviewed by the company's Audit Committee, confirms compliance with the stated objectives of the preferential issue.

Issue Details and Fund Utilization

The preferential issue, conducted from March 24, 2025, to March 26, 2025, comprised both equity shares and convertible warrants with specific utilization targets.

As of December 31, 2025, the company received INR 215.75 crores, including the full amount for equity shares and 25% upfront consideration for convertible warrants at INR 18.375 per warrant.

Fund Deployment Progress

The monitoring agency report shows substantial progress in utilizing the raised funds across all stated objectives.

Compliance and Monitoring

The report confirms no deviation from the disclosed objects of the issue. The company has successfully completed the repayment of loans availed by Malpani Parks Indore Private Limited through intercorporate deposits and fully repaid intercorporate loans related to equity share purchases. Both objectives were completed within the stipulated one-month timeline.

The remaining objectives, including part payment for operational parks acquired from Giriraj Enterprises and general corporate purposes, are progressing as planned within the 18-month utilization timeline. The unutilized amount of INR 41,187.50 remains in the designated bank account.

Regulatory Framework

This monitoring report fulfills requirements under Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. India Ratings & Research Private Limited, serving as the monitoring agency, has confirmed no conflicts of interest in their assessment.

The company operates in the entertainment and service industry, managing theme parks, amusement parks, water parks, hotels, and ancillary activities. Malpani Parks Private Limited serves as the promoter entity for the organization.

Imagicaaworld Entertainment Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showing steady revenue performance alongside mixed operational metrics. The company, India's largest amusement and water park operator, reported revenue of ₹92.1 crore compared to ₹91.8 crore in the corresponding quarter of the previous year.

Q3FY26 Financial and Operational Performance

The entertainment company delivered stable top-line performance during the seasonally softer winter quarter. Footfall increased by 6% to 6.74 lakh visitors, driven primarily by strong performance from the school segment. However, this growth came with trade-offs as the Average Revenue Per User (ARPU) declined by 4%, mainly attributed to the increased share of the school segment which operates at lower ARPU levels.

Operational Challenges and Seasonal Impact

The quarter faced headwinds from prolonged rains that particularly affected long weekends and festive periods, including Diwali celebrations. These weather conditions impacted visitor patterns despite the overall footfall growth. The hotel segment experienced a slowdown after two strong quarters, with occupancy dropping by 2.5% and revenue declining by 6%, primarily due to reduced MICE (Meetings, Incentives, Conferences, and Exhibitions) events.

Strategic Business Developments

Imagecaaworld Entertainment made significant progress on expansion initiatives during the quarter. The company entered discussions to evaluate the feasibility of a potential joint venture in Gujarat with Keshav Holiday Resort Private Limited, operator of Shanku's Water Park. Additionally, the company received Environmental Clearance for its Sabarmati Riverfront Project, marking an important milestone for its Ahmedabad expansion.

Management Commentary and Future Outlook

Managing Director Jai Malpani emphasized the company's evolution from a single-format park operator into a diversified entertainment player. The expansion strategy includes theme parks, water parks, a five-star hotel, religious park, and the upcoming Ahmedabad entertainment destination. The recent partnership through wholly-owned subsidiary Imagicaa Next Private Limited with global leader Hello Park launched India's first immersive digital-physical playground experience, representing the company's entry into indoor entertainment formats.