Imagicaaworld Entertainment Limited — Others, 06-11-2024: Action(s) initiated or orders passed

Imagicaaworld Entertainment Limited has received a notice from the Employees’ State Insurance Corporation demanding payment of Rs. 79,691 for delayed ESIC contributions, primarily from FY 2020-21. A hearing is scheduled for November 25, 2024. The company asserts that the delays were due to cash flow challenges from a Resolution Plan and lockdowns. However, there is no material impact on its financials or operations, and the company is currently evaluating its response.