Wonderla Holidays Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
WONDERLA · price
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Awaiting price reaction for this filing.
Wonderla Holidays has filed a quarterly compliance statement confirming there is no deviation in the use of funds raised through its Qualified Institutions Placement (QIP). The company had raised Rs. 540 crore gross (Rs. 525 crore net) via QIP on 6 December 2024. During the quarter ended 31 March 2025, it utilised Rs. 136.81 crore out of the net proceeds. The largest deployment was Rs. 75 crore toward developing the Wonderla Chennai Park (against an allocation of Rs. 390 crore), followed by Rs. 22.81 crore for Glamping Pods at Wonderla Bengaluru (out of Rs. 25 crore), and Rs. 39 crore for general corporate purposes (out of Rs. 78 crore). No money has been spent yet on the Bengaluru Resort refurbishment (Rs. 16 crore) or the new roller coaster ride at Bengaluru Park (Rs. 16 crore). CARE Ratings is the monitoring agency, and both auditors and the audit committee have no adverse comments.
This is a routine compliance filing indicating funds are being used as originally disclosed, with no misuse or diversion. No negative price impact expected; the early stage of deployment (about 26% of net proceeds in the first full quarter) is normal for a park expansion project. Investors may watch upcoming quarters for the Chennai Park capex, which is the largest allocation.