Imagicaaworld Approves ₹100 Crore Investment to Expand Presence in Gujarat’s Water Park Segment

Imagicaaworld Entertainment Limited has approved a strategic investment of up to ₹100 crore to expand its presence in Gujarat’s water park and amusement park industry through a partnership involving Shanku’s Water Park, one of the largest water parks in the state.

The company’s Board of Directors approved the proposal during its meeting held on May 15, 2026. The investment will be made in Mehsana Next Parks Private Limited (MNPPL), a subsidiary of Keshav Holiday Resort Private Limited (KHRPL), which operates under the Shanku’s Water Park brand.

The company stated that the transaction forms part of its long-term strategic growth plans and aims to strengthen its footprint in India’s growing leisure and entertainment sector.

The investment will be structured through a combination of equity contribution and debt securities.

Imagicaaworld Expands Presence in Gujarat Leisure Market

Imagicaaworld Entertainment is entering Gujarat’s water park segment through a strategic collaboration with Keshav Holiday Resort Private Limited and its subsidiary MNPPL.

The partnership is focused on operating and expanding Shanku’s Water Park through a special purpose vehicle structure.

Key Investment Details

Parameter	Details
Investing Company	Imagicaaworld Entertainment Limited
Investment Vehicle	Mehsana Next Parks Private Limited
Maximum Investment Amount	₹100 Crore
Investment Structure	Equity Contribution + Debt Securities
Business Focus	Water Park & Amusement Park Operations
Project Brand	Shanku’s Water Park
Location	Gujarat
Board Approval Date	May 15, 2026

The company plans to use its operational expertise and management capabilities to support the project’s growth and long-term business development.

Focus on Gujarat’s Water Park and Entertainment Sector

The investment marks Imagicaaworld’s strategic expansion into Gujarat’s leisure and amusement industry, which continues witnessing increasing tourism and recreational demand.

Shanku’s Water Park is considered one of Gujarat’s largest water park destinations and already has an established presence in the regional entertainment market.

The transaction allows Imagicaaworld to expand beyond its existing operations and diversify its entertainment and hospitality portfolio.

Key Areas of Strategic Focus

Focus Area	Objective
Water Park Expansion	Strengthen regional entertainment footprint
Operational Expertise	Improve management and customer experience
Tourism Growth	Tap rising leisure travel demand
Brand Expansion	Increase presence across western India
Long-Term Revenue Growth	Expand recurring entertainment business

India’s organized entertainment and leisure sector has been witnessing growing investments driven by rising disposable incomes, family entertainment demand, domestic tourism growth, and urbanization.

Structure of the Investment Agreement

The Board approved entering into an Investment Agreement along with related agreements and documentation required for the proposed transaction.

The investment in MNPPL will be made through a combination of:

• Equity contribution
• Debt securities

The exact mix between equity and debt instruments will be finalized mutually between:

• Imagicaaworld Entertainment Limited
• Keshav Holiday Resort Private Limited
• Mehsana Next Parks Private Limited

The company stated that the transaction structure aligns with its strategic growth plans and operational expansion strategy.

Operational Synergies and Management Expertise

Imagicaaworld plans to contribute operational management expertise as part of the collaboration.

The company believes its experience in theme parks, entertainment operations, hospitality, and customer engagement can help strengthen the operational efficiency and visitor experience of Shanku’s Water Park.

Management services are expected to play an important role in:

• Operational improvements
• Customer experience enhancement
• Brand positioning
• Revenue optimization
• Expansion opportunities

The move also reflects increasing consolidation and strategic partnerships in India’s leisure and entertainment sector.

Growing Demand for Organized Entertainment in India

India’s amusement park and leisure industry has seen increasing demand due to:

• Rising middle-class spending
• Domestic tourism growth
• Family entertainment demand
• Urban lifestyle changes
• Growth in destination-based recreation

Water parks and amusement destinations are increasingly becoming integrated tourism and entertainment hubs.

States such as Gujarat have also witnessed rising tourism-related investments and infrastructure development over recent years.

The expansion into Gujarat provides Imagicaaworld exposure to a growing regional entertainment market with long-term growth potential.

Regulatory Disclosure and Compliance

The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company stated that detailed disclosures required under SEBI regulations and master circular provisions will be submitted after execution of definitive agreements.

The communication was submitted to:

• BSE Limited
• National Stock Exchange of India Limited

The filing was signed by Reshma Poojari, Company Secretary and Compliance Officer of Imagicaaworld Entertainment Limited.

About Imagicaaworld Entertainment Limited

Imagicaaworld Entertainment Limited operates in the entertainment, amusement park, and hospitality sector in India.

The company is known for operating theme parks, water parks, and entertainment destinations focused on tourism and family recreation experiences.

The latest investment reflects the company’s continued strategy of expanding through strategic partnerships, regional diversification, and operational management opportunities.

Conclusion

Imagicaaworld Entertainment’s proposed ₹100 crore investment in Gujarat’s Shanku’s Water Park marks a significant expansion move into the regional water park and leisure entertainment market.

The partnership with Keshav Holiday Resort and Mehsana Next Parks Private Limited strengthens the company’s long-term growth strategy while leveraging operational expertise and management capabilities.

As India’s leisure and tourism industry continues expanding, strategic investments in regional entertainment infrastructure may create long-term growth opportunities for organized amusement and hospitality companies.

What investment has Imagicaaworld approved?

Imagicaaworld Entertainment Limited approved an investment of up to ₹100 crore in Mehsana Next Parks Private Limited (MNPPL) for the expansion and operation of Shanku’s Water Park in Gujarat.

What is Shanku’s Water Park?

Shanku’s Water Park is one of Gujarat’s largest water parks and operates under Keshav Holiday Resort Private Limited.

How will Imagicaaworld make the investment?

The investment will be made through a combination of:

• Equity contribution
• Debt securities

What is the purpose of the investment?

The investment is aimed at expanding Imagicaaworld’s presence in Gujarat’s water park and amusement park sector while strengthening its long-term growth strategy.

Which entity will receive the investment?

The investment will be made in Mehsana Next Parks Private Limited (MNPPL), a subsidiary of Keshav Holiday Resort Private Limited.

When did the Board approve the proposal?

The Board of Directors approved the investment proposal on May 15, 2026.

What operational role will Imagicaaworld play in the project?

Imagicaaworld plans to contribute operational expertise and management services for the water park business.

Why is Gujarat important for the leisure and tourism sector?

Gujarat has witnessed growing tourism activity, infrastructure development, and rising demand for organized entertainment and family recreation destinations.

What sector does Imagicaaworld operate in?

Imagicaaworld operates in the entertainment, amusement park, water park, and hospitality sector in India.

Was the disclosure made under SEBI regulations?

Yes, the company disclosed the investment under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.