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 compliance 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 gross proceeds of Rs. 540 Crore (net Rs. 525 Crore after Rs. 15 Crore in issue expenses). For the quarter ended June 30, 2025, cumulative fund utilization stood at Rs. 278 Crore out of the Rs. 540 Crore allocated. The largest chunk (Rs. 390 Crore) is earmarked for the new Wonderla Chennai Park, of which Rs. 158.24 Crore has been deployed so far. Allocations for Glamping Pods at Bengaluru (Rs. 25 Crore) and General Corporate Purpose (Rs. 78 Crore) have been fully utilized, while refurbishment of the Bengaluru Resort (Rs. 1.76 Crore of Rs. 16 Crore) and the new roller coaster ride (Rs. 0 of Rs. 16 Crore) are still in early stages. CARE Ratings is the appointed monitoring agency, with no adverse comments from the audit committee or auditors.
This is a routine regulatory disclosure confirming disciplined use of QIP proceeds with no diversion, which is mildly positive for investor confidence. However, shareholders may note that only about 51% of the allocated funds have been deployed in roughly seven months, reflecting the slow, capital-intensive nature of theme park construction, especially the flagship Chennai project.