Analysts/Institutional Investor Meet/Con. Call Updates

August 17, 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.: Transcript of the Earnings Call for the quarter ended June 30, 2026 Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations) and relevant SEBI circulars, we enclose herewith the transcript of the earning conference call held on August 10, 2026 at 03:00 P.M. IST to discuss the Operational & Financial Performance of the Company for the quarter ended June 30, 2026. The above information is also available on the Company’s website at https://www.imagicaaworld.com/investor-presentations/ in compliance with Regulation 46 of the SEBI Listing Regulations. Request you to take the above information on records. Thanking you, Yours faithfully, For Imagicaaworld Entertainment Limited Shweta Singh Company Secretary & Compliance Officer Membership No.: A44973 “Imagicaaworld Entertainment Limited Q1 FY27 Earnings Conference Call” August 10, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 10th August 2026 will prevail MANAGEMENT: MR. JAI MALPANI – MANAGING DIRECTOR – IMAGICAAWORLD ENTERTAINMENT LIMITED MR. DHIMANT BAKSHI – CHIEF EXECUTIVE OFFICER – IMAGICAAWORLD ENTERTAINMENT LIMITED MR. MAYURESH KORE – CHIEF FINANCIAL OFFICER – IMAGICAAWORLD ENTERTAINMENT LIMITED SGA, INVESTOR RELATIONS ADVISOR – IMAGICAAWORLD ENTERTAINMENT LIMITED Page 1 of 18 Imagicaaworld Entertainment Limited August 10, 2026 Moderator: Ladies and gentlemen, welcome to the Q1 FY27 Earnings Conference Call of Imagicaaworld Entertainment Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited. Thank you and over to you, sir. Jai Malpani: Thank you. Good afternoon everyone, and thank you for joining us on our Q1 FY27 conference call today. Today with me, I have Mr. Dhimant Bakshi, CEO, Mr. Mayuresh Kore, CFO, along with SGA, our Investor Relations Advisor. It is a pleasure to welcome all our investors, analysts, and stakeholders. As this is our first earning call post Imagicaa coming into its new avatar, I would like to take you through in deep about who we are, what differentiates Imagicaaworld today, and how we are building the next phase of growth. Before I speak about the company, I would like to briefly touch upon the background of the promoter group. The Malpani Group is a diversified business group with interest across leisure and entertainment, commercial real estate, education, FMCG, renewables, and several other businesses. Our association with the park industry goes back nearly two decades. We entered this industry in 2005 with the launch of our first water park, Wet'n Joy in Shirdi. And since then, we have developed deep operational expertise in building, operating, and scaling entertainment destinations. We understand this business, we understand what customers are looking for, and more importantly, we understand how to create sustainable and profitable parks. Today, Imagicaaworld has evolved into one of India's leading diversified leisure and entertainment platforms. Our portfolio as of now, as of today, comprises of nine parks spread across multiple different catchment areas. These include theme parks, amusement parks, water parks, and a spiritual theme park, along with a 287 key Novotel hotel at Khopoli. In addition, we have recently entered the indoor entertainment segment through our exclusive partnership with Hello Park with two locations already signed, which are Hyderabad and Surat. One of the biggest strengths of our business is diversification. We are no longer dependent on a single destination or a single format. Our parks today serve multiple catchments across Maharashtra, Gujarat, and Central India. While Hello Park gives us access to customers in urban locations through an indoor all-weather Page 2 of 18 Imagicaaworld Entertainment Limited August 10, 2026 entertainment format for kids. Together, this creates a business that is more resilient, reaches a wider audience, and allows us to engage with consumers throughout the year. An important milestone in our journey was this acquisition of Wet'n Joy Parks in 2024. These were high quality operational parks with strong fundamentals, and we believe they would fit well within the Imagicaaworld portfolio. Over the last 2 years, we have successfully integrated these four parks, implemented common operating systems, leveraged process, procurement, and marketing synergies, and strengthened overall performance. Today, these parks are integral part of our network and reinforce our confidence in pursuing similar opportunities in the future whenever the right assets become available. Before I move on to our growth strategy, let me share our perspective on the industry. The organized amusement park and water park industry in India is still at a very nascent stage. A large part of our market remains fragmented with several regional operators running relatively small parks spread over a few acres. While these parks cater to local demand, the industry continues to face challenges around scale, standardization, safety, and customer experience. Building and operating large format parks require significant capital investment, operational expertise, and a long commitment, which naturally creates high entry barriers. At the same time, India remains a highly price-sensitive market. While consumers are willing to pay for a high quality experience, pricing has to remain relevant to the catchment and local demographics. Beyond a certain point, higher ticket prices can impact affordability and footfalls. We believe the key to success lies in offering the right experience at the right price while maintaining the highest standards of safety, operations, and guest satisfaction. We believe , these industry characteristics create a significant opportunity for organized players like Imagicaaworld. As we look ahead, our vision is to build India's most diversified entertainment company. By 2030, we aspire to operate a portfolio of 12 parks, having kept targets of adding approximately one park every year. We see opportunities across both outdoor and indoor entertainment, and our expansion will continue to be guided by disciplined capital allocation and healthy returns. For outdoor entertainment, we see significant opportunities in water parks complemented by a select mix of dry rides. Our sweet spot would be mid-sized parks anywhere in the range of 30 to 50 odd acres. This format provides an attractive balance of guest experience, capital efficiency, and profitability. At the same time, Hello Park opens up an exciting avenue for growth through technology-enabled indoor entertainment center that can be scaled rapidly across major cities. Geographically, we are actively evaluating opportunities across key markets such as Delhi NCR, Bangalore, Hyderabad, Goa, and other large population centers. Our location strategy is driven by strong catchm [Showing first 8,000 characters — download PDF for full document]