The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on the same day.
Imagicaa Next will operate in the recreation and entertainment sector, offering services including entertainment, edu-tainment, phygital activities, and indoor entertainment.
The subsidiary was incorporated with an initial paid-up share capital of Rs 1,00,000, consisting of 10,000 equity shares of Rs 10 each, fully subscribed in cash. With this, Imagicaaworld Entertainment becomes the holding company of Imagicaa Next.
Imagicaaworld Entertainment owns and operates India's leading theme and water parks, including Imagicaa, WetnJoy, SaiTeerth, and Aqua Imagicaa at various locations.
The company’s consolidated net profit jumped 44.9% to Rs 15.16 crore on a 66.7% rise in revenue from operations to Rs 94.40 crore in Q4 FY25 over Q4 FY24.
The counter rose 0.95% to Rs 70.14 on the BSE.