Binding MoU signed to sell Hotel Novotel Imagicaa on slump sale basis for Rs. 2,48,00,00,000

Imagicaaworld has entered into a binding MoU with Juniper Hotels Ltd to sell Hotel Novotel Imagicaa, Khopoli, on a slump sale basis for Rs. 2,48,00,00,000.

Mon 5 Oct 2026

Consideration

Rs. 2,48,00,00,000 (Rupees Two Hundred Forty-Eight Crores)

Buyer

Juniper Hotels Ltd

Asset sold

Hotel Novotel Imagicaa, Khopoli, Maharashtra

Transaction structure

Slump sale basis, as a going concern

MoU date / Approval

Binding MoU dated October 5, 2026; shareholder approval via postal ballot

What has been agreed

Imagicaaworld Entertainment Limited has entered into a Binding Memorandum of Understanding (MoU) with Juniper Hotels Limited (the "Buyer") on October 5, 2026. The MoU relates to the sale, transfer, assignment and/or conveyance of Hotel Novotel Imagicaa, the operating hotel undertaking of the Company located at Khopoli, Maharashtra.

• The asset involved is Hotel Novotel Imagicaa, Khopoli.
• The sale is on a slump sale basis, as a going concern.
• The Buyer is Juniper Hotels Limited.

Consideration

The lump sum consideration is 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.

Deal structure

• The MoU entered into between the Company and the Buyer is binding.
• The Proposed Transaction is subject to fulfilment of completion terms and conditions specified in the transaction documents.
• The definitive documents include a 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.

Approvals needed

• The Proposed Transaction is subject to the approval of shareholders under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The shareholders' approval shall be sought through the postal ballot process.

How the decision came about

• The Board of Directors, in its meeting held on September 16, 2026, approved the Binding MoU to be entered into with the Buyer for the Proposed Transaction.
• The Company entered into the Binding MoU with Juniper Hotels Limited on October 5, 2026.

Other details given in Annexure A

• Shareholding, if any, in the entity with whom the agreement is executed: Not Applicable.
• Whether the parties are related to promoter/promoter group/group companies in any manner: No.
• Whether the transaction would fall within related party transactions: No, the transaction would not fall under related party transaction.
• Issue of shares to the parties, issue price or class of shares: Not Applicable.
• Nominee on the board of the listed entity or potential conflict of interest: Not Applicable.

Points to note

• This is a sale of the operating hotel undertaking of the Company, and completion depends on the conditions, definitive documents and shareholder approval described above.
• The consideration is subject to tax deduction at source and other adjustments.
• No shares are being issued in this transaction.

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