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 entry into non-binding discussions for a potential joint venture opportunity in Gujarat. The entertainment company disclosed on January 20, 2026, that it has initiated talks with Keshav Holiday Resort Private Limited, operating as Shanku's Water Park, which is part of the Shanku Group.

Joint Venture Framework

The company has formalized its interest through a non-binding offer that has been accepted by Keshav Holiday Resort Private Limited on similar terms. This development marks the initial step toward establishing a collaborative venture in Gujarat's entertainment and hospitality sector.

Regulatory and Approval Requirements

The proposed joint venture remains subject to several critical conditions that must be fulfilled before finalization. These comprehensive requirements ensure proper due diligence and regulatory compliance throughout the process.

Key conditions include:

• Finalization of joint venture structure and terms
• Board approval from Imagicaaworld Entertainment Limited
• Satisfactory completion of due diligence exercise
• Receipt of necessary regulatory approvals
• Obtaining lender and third-party approvals
• Negotiation and execution of definitive agreements between parties

Exclusivity Period and Next Steps

Both parties have agreed to an exclusivity period of 180 days to facilitate comprehensive discussions and negotiations. This timeframe provides sufficient opportunity for detailed exploration of the joint venture structure and terms.

The company has committed to providing regular updates in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency throughout the joint venture development process.

Corporate Disclosure

The announcement was made through an official disclosure to both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Reshma Poojari signed the disclosure document, emphasizing the company's commitment to regulatory compliance and stakeholder communication during this strategic initiative.