NICCO PARKS & RESORTS LTD

Operates an amusement/theme park on land leased from the West Bengal Government and reports three revenue streams: Park Operations (entry tickets and ride revenue from visitors), Consultancy, Contracts and Sale of Ride Components (engineering services and ride equipment to external clients), and F&B and Other Recreational Facilities (food, beverage and ancillary recreation to park visitors). For the period ending 31 March 2026, the named segments reported Rs 11.83 crore in Park Operations, Rs 2.20 crore in Consultancy, Contracts and Sale of Ride Components, and Rs 1.32 crore in F&B and Other Recreational Facilities, while the consolidated segment line in F_SEGMENTS showed Rs 56.99 crore of total segment revenue. Employee cost at 33.6% of revenue and other operating expenses at 42.1% are the dominant cost lines, with capex at 27.1% of revenue (Rs 17.95 crore) indicating heavy ongoing investment in park assets. The original 33-year West Bengal Government lease expired in February 2023 and remains pending renewal, and 1.46 acres of park land were repossessed by the state from 8 November 2025, prompting qualified audit opinions on both standalone and consolidated FY26 results. The business is jointly promoted with West Bengal Tourism Development Corporation (WBTDC) and West Bengal Industrial Development Corporation (WBIDC). An exceptional item of Rs 1,540.95 lakh was booked from selling down the stake in Nicco Engineering Services from 31.87% to 9.16%.