Imagicaaworld Entertainment signs O&M agreement with Keshav Holiday Resort for Shanku's Water Park
Imagicaaworld Entertainment Limited (IEL) has signed an Operation and Maintenance Agreement with Keshav Holiday Resort Private Limited (KHRPL). The agreement effective April 01, 2026, involves IEL managing Shanku's Water Park in Ahmedabad, Gujarat. IEL will receive a management fee linked to milestones and can use its IP.
This is a strategic partnership that expands the company's operational footprint and brand reach, which can have a medium-term positive impact on its business.
The agreement is positive as it expands the company's portfolio into new geographies, leverages its intellectual property and operational capabilities, and is expected to increase brand visibility.
Imagicaaworld Entertainment Limited (IEL) has entered into an Operation and Maintenance (O&M) Agreement with Keshav Holiday Resort Private Limited (KHRPL) to manage and operate KHRPL's Shanku's Water Park, located in Ahmedabad, Gujarat. This agreement, effective from April 01, 2026, follows a prior intimation on January 20, 2026, regarding a potential joint venture in Gujarat with KHRPL.
Under the terms of the agreement, IEL will provide comprehensive operational and management services for Shanku's Water Park. IEL is entitled to receive a management fee linked to pre-agreed milestones. The company will also have the option to utilize its Intellectual Property (IP) at the water park. This strategic move is expected to add a new destination to IEL's portfolio, expanding its brand reach into new geographies and allowing it to leverage its expertise in marketing, guest experience, alliances, and other operational areas. The partnership aims to enhance brand visibility for IEL and broaden the offerings for its partner, KHRPL.
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Imagicaaworld Entertainment Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Imagicaaworld Entertainment Limited. Read the original for the full detail.