Wonderla Holidays Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, concerning the utilization of proceeds raised through a Qualified Institutions Placement (QIP). The QIP amounted to ₹540 crore. The report, issued by CARE Ratings Limited, confirms that there were no deviations from the objects disclosed in the offer document and no material deviations in the utilization of funds. As of December 31, 2025, the total utilized amount from the QIP proceeds was ₹447.05 crore, with ₹92.95 crore remaining unutilized. The unutilized proceeds have been parked in Fixed Deposits with ICICI Bank, amounting to ₹105.00 crore, earning returns between 2.75% and 5.00%. The company has utilized ₹303.94 crore for funding the development of Wonderla Chennai Park, ₹25.00 crore for expansion of Glamping Pods and ancillary areas at Wonderla Bengaluru, ₹11.18 crore for refurbishment at Wonderla Resort, Bengaluru, and ₹13.93 crore for setting up a roller coaster ride at Wonderla Bengaluru. Additionally, the entire ₹78.00 crore allocated for General Corporate Purpose and ₹15.00 crore for Issue Expenses have been utilized. The original cost for the development of Wonderla Chennai Park was ₹390.00 crore, with ₹303.94 crore utilized as of the reporting date. Expansion of Glamping Pods and ancillary service areas at Wonderla Bengaluru had an original cost of ₹25.00 crore, all of which has been utilized. Refurbishment at Wonderla Resort, Bengaluru, was allocated ₹16.00 crore, with ₹11.18 crore utilized. The setting up of a roller coaster ride at Wonderla Bengaluru had an allocated cost of ₹16.00 crore, with ₹13.93 crore utilized. The company has also fully utilized the ₹78.00 crore for General Corporate Purpose and ₹15.00 crore for Issue Expenses. The report also notes that during Q3FY26, ₹77.00 crore from the closure of fixed deposits was transferred to the capex account and utilized, with funds commingled with the company's own funds. Furthermore, an expenditure of ₹12.05 crore was met from internal funds and is proposed to be reimbursed from QIP proceeds in Q4FY26. Interest earned on fixed deposits, amounting to approximately ₹1.62 crore, was transferred to the company's current account and used for general operating expenses, which is outside the purview of QIP monitoring.
