Voting Results of Imagicaaworld Entertainment Limited's EGM Held on March 13, 2025

Team Finance Saathi

    13/Mar/2025

What's covered under the Article:

  • Details of the voting process for the resolutions at Imagicaaworld's EGM on March 13, 2025.
  • Breakdown of votes for and against the proposed resolutions.
  • Scrutinizer's report on the voting results and resolutions passed.

Imagicaaworld Entertainment Limited has shared the voting results of its Extraordinary General Meeting (EGM) held on March 13, 2025. The meeting included key resolutions related to preferential issues and related-party transactions. The EGM was conducted via videoconferencing (VC/OAVM), where shareholders participated remotely, with the voting period for remote e-voting commencing on March 9, 2025, and ending on March 12, 2025. After the closure of voting, a report was compiled and scrutinized by the appointed scrutinizer, Mitesh Dhabliwala of Parikh & Associates.

Voting Breakdown:

  1. Resolution 1 (Special Resolution):
    The first resolution proposed was the issuance of equity shares to the Promoter and identified non-promoter category on a preferential basis. The result was overwhelmingly in favor, with 99.91% of votes for and 0.09% against.

    • Votes in favor: 41,97,82,269
    • Votes against: 3,98,758
  2. Resolution 2 (Special Resolution):
    This resolution pertained to the issuance of convertible warrants to the Promoter and identified non-promoter category. The results showed 99.91% in favor and 0.09% against.

    • Votes in favor: 41,97,82,179
    • Votes against: 3,98,848
  3. Resolution 3 (Ordinary Resolution):
    The material related-party transactions with Malpani Parks Pvt. Ltd. and Malpani Retails Pvt. Ltd. were approved, with 97.80% voting in favor and 2.20% against.

    • Votes in favor: 1,77,74,074
    • Votes against: 3,99,223
      Invalid votes were also noted, primarily related to related parties.
  4. Resolution 4 (Ordinary Resolution):
    The material modification and approval of related-party transactions with Giriraj Enterprises were passed with 97.80% votes in favor and 2.20% against.

    • Votes in favor: 1,77,74,235
    • Votes against: 3,99,062
      As with the previous resolution, related-party votes were invalidated.

The detailed scrutinizer's report confirms that all proposed resolutions were passed with the requisite majority. The EGM voting process adhered to the SEBI regulations, ensuring transparency and compliance. All resolutions were approved by the members of Imagicaaworld Entertainment Limited.

For more information on the voting procedure or further updates, the shareholders and the public can reach out to Reshma Poojari, the Company Secretary & Compliance Officer.

This is a brief overview of the voting results, in line with the regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.


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