Imagicaaworld Entertainment Limited has announced the execution of financing agreements totalling Rs 65 crore with Axis Bank Limited and IDBI Trusteeship Services Limited. The agreements, signed on April 10, 2026, aim to bolster the company’s long-term resources.
The financing arrangement includes a term loan and working capital facility, with the total amount granted being Rs 65 crore. The sanction letter for this financing was issued on November 10, 2025. As part of the security for the loan, the company has provided a first pari-passu charge on specified immovable and movable assets at its Khopoli location, and a second pari-passu charge on assets at its Lonavala location. Additionally, there is a second pari-passu charge on all current assets and receivables of the company.
In the event of a default, Axis Bank, as the lender, has the right to appoint a nominee director on the board of Imagicaaworld. Furthermore, any major changes in the company’s capital structure will require the lender’s approval.
The agreement also includes personal guarantees from directors Mr. Rajesh Omkarnath Malpani, Mr. Manish Madhav Malpani, and Mr. Jai Manish Malpani.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aman Shukla before publication.