Imagicaaworld Entertainment Limited being a successful bidder has received a Letter of Allotment (LOA) dated March 07, 2024 from Sabarmati Riverfront Development Corporation Limited (SRFDCL) pursuant to its bid to set up an entertainment hub at the Sabarmati Riverfront at Ahmedabad over an area admeasuring approximately 11 acres. The Company plans to make an investment of approximately INR 1,300 million in phases which will be financed through a mix of internal accruals and borrowings, as required. The entertainment hub will have a mix of indoor and outdoor attractions apart from food & beverage offerings.

The proposed project is offered for a 30-year lease, which can be extended in the future. The Company is also in discussion with international brands to collaborate for various attractions in the proposed project.