Please find enclosed Monitoring Agency Report for the quarter ended June 30, 2025
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Imagicaaworld Entertainment has filed the Monitoring Agency Report for Q1FY26 related to its Preferential Issue of equity shares and convertible warrants. The total issue size was INR 345.19 Crores at INR 73.50 per share, comprising 2.34 Crore equity shares and 2.34 Crore convertible warrants. As of June 30, 2025, the company received INR 215.75 Crores (full equity proceeds of INR 172.60 Crores plus 25% upfront warrant money of INR 43.15 Crores). Of the funds raised, INR 139.17 Crores was used to repay a loan of Malpani Parks Indore, INR 21.55 Crores was used for part payment of operational parks acquired from Giriraj Enterprises, and INR 55 Crores was used to repay an intercorporate loan. The monitoring agency (India Ratings) reported no deviation from the stated objects.
The report confirms that the company has utilized the raised funds as per the disclosed purpose with no deviations, which is a neutral-to-positive signal for shareholders. The unutilized amount is minimal (INR 0.01 Crores), indicating disciplined deployment of capital. However, the long-tenure convertible warrants (18 months) add some uncertainty about future dilution.