General Updates

16th September, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeeboy Towers Exchange Plaza, 5th Floor, Plot no. C/1, Dalal Street, Fort, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 539056 NSE Scrip Symbol: IMAGICAA Dear Sir/Madam, Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Sale/disposal of Hotel Novotel Imagicaa Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in reference to the captioned subject we would like to inform you that the board of directors (“Board”) of Imagicaaworld Entertainment Limited (the “Company”) in their meeting held today, i.e. 16th September 2026, approved in principle the sale, transfer, assignment and/or conveyance (“Proposed Transaction”) of Hotel Novotel Imagicaa, the operating hotel undertaking of the Company located at 30/31, Sangdewadi, Khopoli-Pali Road, Taluka Khalapur, District Raigad 410 203, Maharashtra (including the structures standing thereon and road access/right of way and other associated assets) as a going concern, on a slump sale basis (within the meaning of such term under Section 2(103) of the Income-tax Act, 2025) to Juniper Hotels Limited (“Buyer”), a Company registered under the Companies Act, 1956 having its registered office at Off Western Express Highway, Santacruz East, Mumbai, Maharashtra, 400055 for a lumpsum consideration of Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only), subject to tax deduction at source and other adjustments, if any, as per the terms and conditions mentioned in the definitive documents including inter alia deed of conveyance and/or a business transfer agreement and/or asset purchase agreement and/or slump sale agreement and such other ancillary documents as may be required (“Definitive Documents”) to be executed between the Company and Buyer. Memorandum of Understanding (MoU), in relation to the aforesaid Proposed Transaction, to be entered between the Company and Buyer. The Proposed Transaction is subject to fulfilment of completion terms and conditions as specified in the Transaction Documents including Definitive Documents such other agreements to be executed between the Company and the Buyer and shall be subject to the approval of Shareholder pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of SEBI (LODR) Regulations, 2015. The shareholders’ approval shall be sought through the postal ballot process. The detailed disclosure, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026, is enclosed as Annexure A and Annexure B to this letter. The Board meeting commenced at 12:05 p.m. and concluded at 12:45 p.m. You are requested to take the same on record. Thanking you, Yours faithfully, For Imagicaaworld Entertainment Limited Shweta Singh Company Secretary & Compliance Officer Membership Number: A44973 Encl: As above Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Annexure A Sale/Disposal of Hotel Novotel Imagicaa Sr. Disclosure Information 1 the amount and percentage of the turnover or In FY 2025-26, the hotel division contributed revenue or income and net worth contributed by such Revenue of Rs. 57.02 cr. representing 15.9% of unit or division or undertaking or subsidiary or the total Operating Revenue and networth of Rs. associate company of the listed entity during the last 96.74 cr. representing 7.3% of the Networth, on financial year; a standalone basis. 2 date on which the agreement for sale has been Board of Directors, in its meeting held on entered into 16th September, 2026, have approved the Memorandum of Understanding (MoU) to be entered with Juniper Hotels Limited. The Definitive Documents will be executed thereafter, subject to receipt of shareholders’ approval and fulfilment of applicable conditions. 3 the expected date of completion of sale/disposal; Based on information available at present, the Proposed Transaction is estimated to be completed on or before 31st March 2027. 4 consideration received from such sale/disposal; Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only), subject to tax deduction at source and other adjustments, if any, as may be provided in the definitive documents. 5 brief details of buyers and whether any of the buyers Juniper Hotels Limited, a Company registered belong to the promoter/ promoter group/group under the Companies Act, 1956 having its companies. If yes, details thereof; registered office at Off Western Express Highway, Santacruz East, Mumbai, Maharashtra, 400055. The Buyer does not belong to the promoter, promoter group or group companies of the Company. 6 whether the transaction would fall within related party No, the said transaction would not fall under transactions? If yes, whether the same is done at related party transaction. “arm’s length”; 7 whether the sale, lease or disposal of the undertaking Yes. The Proposed Transaction is being is outside Scheme of Arrangement? If yes, details of undertaken outside a scheme of arrangement. the same including compliance with regulation 37A of LODR Regulations. The Proposed Transaction falls within the scope of Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI Listing Regulations. Approval of shareholders by way of special resolution will be sought through postal ballot, and the special resolution shall be acted upon only if the votes cast by public shareholders in favour exceed the votes cast by public shareholders against it, with no public shareholder who is directly or indirectly a party to the Proposed Transaction voting on the resolution. The object and commercial rationale for the Proposed Transaction and the proposed use of proceeds will be set out in the explanatory statement annexed to the postal ballot notice. 8 Name of the entity(ies) forming part of the slump sale, Imagicaaworld Entertainment Limited, having details in brief such as, size, turnover etc. turnover and net worth of Rs. 35,900 Lakhs and Rs. 1,32,919.50 Lakhs respectively as on 31st March, 2026. Juniper Hotels Limited, having consolidated turnover and net worth of Rs. 1,069 crores and Rs. 2,868 crores respectively in the previous financial year ending 31st March, 2026. 10 Area of business of the entity(ies) Hospitality 11 Rationale for slump sale The sale proceeds are intended to inter alia bolster the long-term capital requirements of the Company in its endeavor to a) Expand the park business geographically b) Add attractions in existing locations c) Aid the indoor entertainment foray, simultaneously keeping the overall debt position on the lower side. 12 In case of cash consideration – amount or otherwise Rs. 2,48,00,00,000/- (Rupees Two Hundred share exchange ratio Forty-Eight Crores Only), subject to tax deduction at source and other adjustments, if any, as may be provided in the definitive documents. 13 Brief details of change in shareholding pattern (if any) NA of listed entity ANNEXURE B Memorandum of Understanding for the Sale/Disposal of Hotel Novotel Imagicaa Sr. No. Particulars Details 1 Name(s) of parties with whom the 1. Imagicaaworld Entertainment Limited and agreement is entered; 2. Juniper Hotels Limited 2 Purpose of entering into the agreement; To sale, transfer, assignment and/or conveyance (“Proposed Transaction”) of Hotel Novotel Imagicaa, the operating hotel undertaking of the Company loacted at Khopoli for a lumpsum consideration of Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only), subject to tax deduction at source and other adjustments, if any, as per the terms and conditions mentioned in the definitive documents. 3 Shareholding, if any, in the entity with whom Not Appli [Showing first 8,000 characters — download PDF for full document]