Memorandum of Understanding/Agreements

October 05, 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 – Execution of Binding Memorandum of Understanding Ref.: Company’s letter dated September 16, 2026 This is further to our intimation to the stock exchanges as per the letter aforementioned and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Imagicaaworld Entertainment Limited (“IEL” /”the Company”) has today entered into a Binding Memorandum of Understanding (MoU) with Juniper Hotels Limited (“Buyer”) regarding the sale, transfer, assignment and/or conveyance (“Proposed Transaction”) of Hotel Novotel Imagicaa, the operating hotel undertaking of the Company located at Khopoli, Maharashtra, 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), 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”). 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 to this letter. 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 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 Applicable the agreement is executed; 4 Significant terms of the agreement (in brief) Board of Directors in its meeting held on September 16, special rights like right to appoint directors, 2026, have approved the Binding Memorandum of first right to share subscription in case of Understanding (MoU) to be entered with Buyer for issuance of shares, right to restrict any Proposed Transaction of Hotel Novotel Imagicaa, change in capital structure etc.; located in 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 may be provided in the definitive documents. Accordingly, on October 5, 2026, the Company entered into a Binding MoU with Juniper Hotels Limited in connection with the proposed transaction. 5 Whether, the said parties are related to No promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 6 Whether the transaction would fall within No, the said transaction would not fall under related related party transactions? If yes, whether party transaction the same is done at “arm’s length”; 7 In case of issuance of shares to the parties, Not Applicable details of issue price, class of shares issued; 8 Any other disclosures related to such Not Applicable agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; 9 In case of termination or amendment of Not applicable agreement, listed entity shall disclose additional details to the stock exchange(s)