Imagicaaworld Entertainment Secures Rs. 65 Crore Financing Agreement
Imagicaaworld Entertainment Limited executed financing agreements with Axis Bank Limited and IDBI Trusteeship Services Limited on April 10, 2026. The financing deal is aimed at shoring up long term resources for the company.The agreements were entered into between Imagicaaworld Entertainment Limited, acting as the Borrower, and Axis Bank Limited, serving as the Lender, with IDBI Trusteeship Services Limited acting as the Security Trustee.
A comprehensive look at the financial terms of the financing agreement reveals the following key details:
| Detail | Information |
|---|---|
| Size of Agreement | Rs. 65,00,00,000 (Rupees Sixty Five Crore Only) |
| Lender | AXIS Bank Limited |
| Borrower | Imagicaaworld Entertainment Limited |
| Security Trustee | IDBI Trusteeship Services Limited |
| Purpose | Shoring up long term resources of Imagicaaworld Entertainment Limited |
Agreement Structure and Security Details
The financing agreement structure involves a Term Loan/Working Capital facility. The total amount of facility granted is reported as Rs. 65,00,00,000/- (Rupees Sixty Five Crore Only). The execution date of the loan agreement was April 10, 2026, with the sanction letter dated November 10, 2025.The security provided to the lenders includes:
- First Pari-passu charge on specified Immovable and Movable assets of the Company at Khopoli location.
- Second pari passu charge on specified Immovable and Movable assets of the Company at Lonavala location.
- Second pari passu charge on all current assets and receivables of the Company.
- Personal Guarantee of Directors namely Mr. Rajesh Omkarnath Malpani and Mr. Manish Madhav Malpani.
Significant Terms
Key terms outlined in the agreement include specific rights vested in the lender. If an event of default is triggered, the lender retains the right to appoint a nominee director on the Board. Furthermore, the agreement mandates that approval from the lender is required for any major changes in the Capital Structure.The transaction is reported as not falling under related party transactions. Regarding shareholding, there is no shareholding in the entity with whom the agreement was executed.
IMAGICAA Stock Price Movement
Today, Imagicaaworld Entertainment Limited shares edged higher, finishing at ₹46.31, marking a gain of 0.15% for the session. The stock saw trading activity on a volume of 666,289 shares.Source:
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