MAM
AQUAMAGICA, a new water party destination is all set to open its gates soon
MUMBAI: If you enjoy thrilling water park experiences, a great day party vibe, variety of food and awesome music…you are going to love the new youth hangout water destination – Aquamagica! The soon to be launched water park is located next to the theme park Adlabs Imagica.
The water nation invites visitors to experience thrilling water slides, a wave pool and a range of exciting eating options. Water lovers can experience exciting rides by taking a 72-feet plunge in water, dare to drop from exhilarating slides, laze around in the pool and much more.
Mr. Manmohan Shetty, Chairman, Adlabs Entertainment said, “With the launch of Aquamagica, we are one step closer to creating one of the biggest entertainment destinations in India. We want every Indian to be able to enjoy & have an international standard experience without the need to travel overseas. All environmentally conscious efforts including water conservation have been undertaken in the development of this project.”
A rain water harvesting reservoir within the project premises caters to the entire requirement of the water park. The reservoir stores approximately 260 million litres of rain water per year. This reservoir supplies water to Aquamagica for its daily usage and also recharges ground water which improve water levels under ground.
Ms. Pooja Shetty Deora from Adlabs Entertainment Limited said, “The youth in India have very limited entertainment options. Aquamagica aims to fill that void by offering a day party vibe at a world class water park. The brand philosophy & the product both have youth at its heart. The park will have rides and attractions like no other park in the country, with safety at the core. To keep hygiene levels at its best, we have deployed a state- of –the -art water filtration system.”
Aiming to be the must-experience destination for the youth, Aquamagica will introduce music performances over the weekend by celebrated DJ’s and artists under its banner of its #gowiththeflow weekender. Aquamagica will be a youth hangout water destination for the party goers, Bollywood and electronic dance music lovers making it the hottest destination in town.
Get into your aqua wears and be ready to experience the first international standard water park in India, Adlabs Aquamagica. Strike a pose, hold your breath, face the adrenaline and chase the waves at Aquamagica. Located conveniently off the Mumbai-Pune Express Highway, Aquamagica is just a happy drive away from Mumbai and Pune. It’s 20 minutes before Lonavala while driving from Mumbai. You can also reach Aquamagica by bus from Mumbai and Pune. There are local trains from Mumbai to Khopoli, and free shuttle services from Khopoli to the park every day at 10am. To book tickets, log on to www.aquamagica.com or call (022) 4213 0405.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
