Please find enclosed Monitoring Agency Report for the quarter ended March 31, 2025 towards the utilisation of funds received from the preferential issue of equity shares and convertible warrants
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Imagicaaworld Entertainment filed the Monitoring Agency Report from India Ratings & Research for the quarter ended March 31, 2025, covering utilisation of funds raised through a preferential issue of equity shares and convertible warrants allotted to promoter Malpani Parks Private Limited between March 24-26, 2025. The total issue size was INR 345.19 Crores at INR 73.50 per share/warrant (face value INR 10), of which INR 215.75 Crores was actually received by March 31, 2025 — the full equity portion of INR 172.60 Crores plus 25% upfront money on warrants of INR 43.15 Crores. During the quarter, INR 194.17 Crores was utilised, mainly INR 139.17 Crores for repaying loans of subsidiary MPIPL to its directors and INR 55 Crores for repaying an inter-corporate deposit taken from a related party. The unutilised balance of INR 21.57 Crores is parked in fixed deposits with HDFC Bank, and the Monitoring Agency confirmed no deviation from the stated objects of the issue.
This is a routine compliance filing that confirms funds raised are being used in line with disclosed purposes, primarily for debt repayment at the subsidiary level, which strengthens the balance sheet. No negative governance flags such as diversion of funds were flagged, which is mildly positive for investor confidence.