Wonderla Holidays Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Wonderla Holidays has filed a quarterly statement confirming there is no deviation or variation in the use of funds raised through its Qualified Institutions Placement (QIP) in December 2024. The company raised Rs. 540 crore gross (Rs. 525 crore net of Rs. 15 crore issue expenses) via the QIP. As of September 30, 2025, Rs. 358 crore has been utilised out of the Rs. 540 crore allocated. The biggest chunk — Rs. 390 crore for the new Wonderla Chennai Park — has seen Rs. 226.68 crore deployed so far, indicating the project is still under construction. Smaller allocations for Glamping Pods at Bengaluru (Rs. 25 cr), General Corporate Purpose (Rs. 78 cr), and issue expenses (Rs. 15 cr) have been fully utilised. Refurbishment of Wonderla Resort, Bangalore (Rs. 5.68 cr of Rs. 16 cr) and the new roller coaster at Bengaluru (Rs. 7.64 cr of Rs. 16 cr) are partially spent. CARE Ratings is the monitoring agency, and both the audit committee and auditors have noted no comments or concerns.
This is a routine compliance filing that reassures investors the QIP money is being used as originally stated, with no misuse. Roughly Rs. 182 crore remains unutilised, largely tied to the ongoing Chennai Park expansion, so investors should track progress on that project as a key growth driver.