Wonderla: No Deviation in QIP Funds Utilization

Wonderla Holidays Ltd reports no deviation or variation in the utilization of funds raised through qualified institutions placement (QIP) for the quarter ended March 31, 2026. The company raised ₹540 Crore through QIP on December 6, 2024, and the net proceeds after issue expenses were ₹525 Crore. The funds were allocated to various capital expenditure requirements, including the development of Wonderla Chennai Park, expansion of Glamping Pods, refurbishment at Wonderla Resort, and setting up a roller coaster ride at Wonderla Park, Bengaluru, as well as for general corporate purposes and issue expenses. Monitoring Agency CARE Ratings Limited confirmed no deviations.