IMAGICAABSEIMAGICAAWORLD ENT LTDHighPositive
Announced Thu, 13 Aug · 11:20 IST

Arbitration award in company's favour, no liability imposed

Arbitration WonRegulatory & Legal View source PDFExplain this filing

IMAGICAA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹47.37
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₹47.73
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AI summary

Imagicaaworld Entertainment received a favourable arbitration award on 12 August 2026 from Sole Arbitrator Vijay C. Daga, former Judge of the Bombay High Court. The company was one of the respondents in a case where claimant Bharat Lekhraj Harwani sought specific performance on certain company-owned land parcels. The arbitrator ruled against the claimant, finding he was not entitled to specific performance. No monetary liability has been imposed on the company, and future legal defence costs on this matter are expected to be minimal unless the order is further contested.

Likely market impact

Positive for shareholders as the ruling removes the liability risk on the land dispute and keeps future legal costs minimal.