Imagicaaworld Entertainment Limited has informed the Exchange about General Updates
IMAGICAA · price
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Imagicaaworld Entertainment Limited has incorporated a new wholly owned subsidiary named 'Imagicaa Next Private Limited' on June 16, 2025, in Maharashtra, India. The subsidiary will operate in the Recreation and Entertainment sector, focusing on entertainment, edu-tainment, phygital activities, and indoor entertainment. The company has subscribed to 100% of the initial paid-up share capital for Rs. 1,00,000 in cash (10,000 equity shares of Rs. 10 each). This follows the Board's earlier approval on May 28, 2025.
This is a routine corporate restructuring move to set up a new subsidiary for specific business lines. It is unlikely to have a material impact on the stock price, though investors may watch for future business updates from the new entity.