Imagicaaworld Entertainment Limited — Board Meeting, 12-02-2025: Outcome of Board Meeting

The Board of Directors has met and approved the financial results for the quarter and nine months ended December 31, 2024, along with plans for fundraising totaling approximately ₹345.19 Cr via a preferential issue. This involves issuing up to 23.48 million equity shares at ₹73.50 each, targeting both promoters and non-promoters, as well as issuing convertible warrants with the same price and terms. Additionally, the acquisition of a solar power undertaking with a capacity of 6.65 MW for ₹16 Cr from a related party was also sanctioned. An EGM is scheduled for March 13, 2025, to obtain shareholder approval for the fundraising activities.