IMAGICAAWORLD ENTERTAINMENT LIMITED : SIGNS BINDING MOU FOR HOTEL SALE WORTH OVER RS 248 CR

• Binding Memorandum of Understanding (MoU) entered with Juniper Hotels Limited ("Buyer") for sale of Hotel Novotel Imagicaa • Proposed Transaction of operating hotel undertaking on a slump sale basis for ~₹248 Cr • Transaction is subject to completion of terms and conditions in definitive documents and shareholder approval • Shareholders' approval to be sought through postal ballot process

Imagicaaworld Entertainment Ltd

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