Imagicaaworld Entertainment Limited has informed the Exchange regarding a press release dated May 18, 2026, titled "Imagicaaworld Entertainment Limited Announces Investment in Shanku s Water Park - Gujarat s Largest".
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Imagicaaworld Entertainment Limited's Board has approved an investment of up to INR 100 crore in Mehsana Next Parks Private Limited (MNPPL), which owns and operates Shanku's Water Park near Ahmedabad in Mehsana, Gujarat. The park spans over 25 acres with 25+ rides and attractions, making it the state's largest water park destination. The investment will be a mix of equity and debt, with additional capital earmarked for future expansion on adjoining surplus land. Imagicaaworld will also provide Operations & Management services, earning management fees in the 6%-10% range. The park has recently undergone extensive renovation and modernization, and is strategically located within 1 hour of Ahmedabad and GIFT City.
This investment expands Imagicaaworld's footprint into Gujarat, one of India's fastest-growing leisure markets, leveraging its operational expertise to grow footfalls and revenue at an already-established destination.