BSECompany Update5 Oct 2026 · 5 Oct 2026, 07:04 pm
Please find enclosed herewith intimation regarding execution of Memorandum of Understanding.
Imagicaaworld Entertainment Ltd · 539056
✦ AI SummaryDivestiture
Imagicaaworld Entertainment Ltd has entered into a Binding Memorandum of Understanding (MoU) with Juniper Hotels Limited for the sale of Hotel Novotel Imagicaa for a lumpsum consideration of Rs. 2,48,00,00,000/-.
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Imagicaaworld Entertainment Ltd - 539056 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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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)