Imagicaaworld Entertainment Limited has announced a major expansion into indoor entertainment with the launch of India's first Hello Park in Hyderabad. The company's wholly owned subsidiary, Imagicaa Next Pvt. Ltd., has signed a Letter of Intent to establish this innovative indoor amusement park concept at Lake Shore Y Junction Mall, marking a significant diversification from its traditional outdoor theme park operations.

Strategic Location and Timeline

The new Hello Park will occupy approximately 10,000 square feet at Lake Shore Y Junction Mall in Hyderabad and is targeted to open before the onset of the year-end festive season. This timing strategy aims to capture the vibrant holiday period when families are most active in seeking entertainment options.

Lake Shore Y Junction Mall represents one of the largest retail and lifestyle destinations in the country. Opened in December 2025, the mall spans nearly 1.6 million square feet and houses over 250 brands, 40+ dining options, and multiple entertainment zones. The mall's strategic location at the bustling Kukatpally–Balanagar Y Junction provides access to one of the city's densest residential and commercial catchments, with strong road and metro connectivity ensuring high footfall from families and young consumers.

Innovative Indoor Amusement Park Concept

Hello Park introduces an immersive indoor amusement park format that blends physical play, digital interactivity, and experiential entertainment in a safe and engaging environment. The concept specifically targets children aged 3–12 years while also providing family-friendly attractions, making it suitable for various occasions including birthday celebrations, school outings, and weekend family visits.

The park will feature several key components designed to encourage creativity, exploration, and social interaction:

• Interactive zones with technology-enabled attractions
• Motion-based attractions combining physical and digital elements
• Gaming experiences tailored for young audiences
• Collaborative play areas promoting social interaction
• Active play zones encouraging physical movement

Management Perspective

Jai Malpani, Managing Director at Imagicaaworld Entertainment, emphasized the significance of this expansion: "We are delighted to bring the country's first Hello Park to Hyderabad. Located in one of the city's busiest retail and residential catchments, the Lake Shore Y Junction mall offers excellent connectivity and access to a large and growing family audience, making it an ideal destination for launching this new concept."

Malpani highlighted the innovative nature of the concept, stating that "Hello Park bridges the gap by bringing the best of both worlds together where technology, imagination, movement and learning coexist seamlessly in a highly engaging environment." He also noted that this new format, having low capex, will be synergistic with existing outdoor park businesses and create opportunities for cross-promotional engagement with younger audiences and their parents.

Strategic Business Expansion

This Hello Park launch represents the first location for the chain in India, with Imagicaa Next planning to roll out multiple parks across key urban markets. The low capital expenditure model makes this format particularly attractive for rapid expansion while complementing the company's existing portfolio of outdoor entertainment venues including Imagicaa, WetnJoy, Sai Teerth, and Aqua Imagicaa.

The indoor amusement park concept addresses the evolving needs of modern urban consumers by providing year-round entertainment options that are not dependent on weather conditions, unlike traditional outdoor theme parks. This diversification strategy positions the company to capture a broader market segment while strengthening the Imagicaa brand's connection with families across India.

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.