Statement of Utilization of funds - Revised
WONDERLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Wonderla Holidays has confirmed no deviation or variation in the utilisation of Rs. 540 crore raised through a Qualified Institutions Placement (QIP) completed on 6 December 2024. The funds are being deployed as per plan: Rs. 351 crore for Wonderla Chennai Park development, Rs. 25 crore for Glamping Pods at Bengaluru, Rs. 16 crore each for resort refurbishment and roller coaster ride at Bengaluru, Rs. 117 crore for general corporate purpose, and Rs. 15 crore for issue expenses. CARE Ratings Limited is the monitoring agency. The entire amount of Rs. 540 crore has been utilised with no deviation reported for the quarter ended March 31, 2026.
The confirmation of fund utilisation without deviation is a positive signal for investors, indicating the company is executing its expansion plans (Chennai park, Bengaluru upgrades) as disclosed. The use of an independent monitoring agency adds credibility to the reporting.