for the Financial Year Ended March 31, 2025
Dear Esteemed Shareholders,
It is with immense pleasure that the Board of Directors of Wonderla Holidays Limited
presents to you the Director's Report, alongside the Audited Financial Statements, for the
financial year concluded on March 31, 2025. This comprehensive report aims to provide you
with a transparent overview of your Company's operational achievements, financial
performance, and pivotal developments throughout the past year.
1. Financial Performance & Operational Excellence
While the detailed financial performance is elaborated in the Audited Financial
Statements, key operational achievements that underscore our commitment are enumerated
below: For the financial year ended 31st March 2025, the Company reported the
following results:
Total footfall stood at 30.49 lakh visitors, reflecting a 6% decline compared to
32.52 lakhs in FY24.
Revenue from Operations stood at 45,857.08 lakhs, compared to 48,304.44 lakhs in the
previous year.
Total Income was 48,278.11 lakhs, down from 50,602.52 lakhs in FY 2023 24.
Total Expenses increased to 36,923.09 lakhs, from 29,470.32 lakhs in the previous year.
Profit Before Tax (PBT) declined to 11,355.02 lakhs, as against 21,132.20 lakhs in FY
2023
24.
Profit After Tax (PAT) for the year was
10,927.44 lakhs, compared to 15,796.13 lakhs in the corresponding previous period.
Basic Earnings Per Share (EPS) stood at 18.61, down from 27.93 last year.
Awards & Recognition: A Testament to Our Dedication The year 2024-25 was marked
by significant accolades, reflecting our relentless pursuit of quality, innovation, and
guest satisfaction across all our parks and resort:
IAAPI Amusement Expo Triumphs: o Wonderla Bhubaneswar was honoured with
the award for Innovative Promotional Activity through Media. o Wonderla Bengaluru received
the award for Innovative Promotional Activity. o Wonderla Hyderabad was recognized for
having the Most Innovative Ride. o Wonderla Hyderabad Park also won an award for
successfully organizing diverse Events at its facility.
MKK Nayar Productivity Award 2023:
We were recognized for Best Productivity Performance in the Service Organization
category.
Telangana State Tourism Award:
Wonderla Hyderabad Park was awarded as the Best Innovative Tourism Product in the
Tourism Sector.
Tripadvisor Travellers' Choice 2024:
Wonderla Resort earned this prestigious recognition, a direct reflection of outstanding
guest reviews and satisfaction.
National Safety Council - Kerala Chapter: Wonderla Kochi received the
Safe Tourist Destination Award 2024, highlighting our stringent safety protocols.
Food Safety and Standards Authority of India (FSSAI) Recognition: o We
received an Excellence' Hygiene Rating, acknowledging our superior practices in food
preparation and handling. o Wonderla Bhubaneswar was further honored with an
Exemplary' rating under the Eat Right Campus' initiative. These awards are a
testament to the hard work and dedication of every member of the Wonderla family and our
unwavering commitment to providing world-class entertainment with uncompromising standards
of safety and hygiene.
2. Capital Structure
We are pleased to report significant changes in the Company's capital structure,
designed to support our strategic growth initiatives.
Authorized Share Capital:
The Company's authorized share capital has been increased from 60,00,00,000 (Rupees
Sixty Crores), comprising 6,00,00,000 Equity Shares of 10/- each, to 80,00,00,000 (Rupees
Eighty Crores), divided into 8,00,00,000 Equjity Shares of 10/- each.
Issued, Subscribed, and Paid-up Share Capital: Concurrently, the Company's issued,
subscribed, and paid-up capital increased from 56,57,33,190 (5,65,73,319 Equity Shares of
10 each) to 63,40,87,630 (6,34,08,763 Equity Shares of 10 each).
Stock Price Growth and Market Capitalization: As of March 31, 2025, the Company's
market capitalization stood at 4,145.66 Crores, compared to 5,621.69 Crores as of March
31, 2024.
Shareholders' Equity:
Shareholders' equity, representing the residual interest in the Company's assets after
liabilities, stood strong at
1,724 Crores as of March 31, 2025.
Listing of Company's Securities:
Your Company's fully paid-up equity shares continue to be actively listed and traded on
both the National Stock Exchange of India Limited (NSE) and BSE Limited. We confirm the
payment of the annual listing fees to both Stock Exchanges for the financial year 2024-25.
3. Dividend
The Board is delighted to recommend a dividend of 20% for the financial year ended
March 31, 2025. This translates to a per-share payout of 2.00, representing a substantial
return on the face value of 10 per share. This recommendation underscores the Board's
unwavering commitment to rewarding shareholder loyalty and confidence, reflecting the
Company's financial health and its dedication to sharing prosperity with its investors.
Our detailed Dividend Distribution Policy is available for your reference on the
Company's website: http://
www.wonderla.com/investor-relations/prospectus-and-policies.html.
4. Qualified Institutions Placement (QIP)
During the year under review, the Company successfully completed a Qualified
Institutions Placement (QIP) as per the provisions of SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018, SEBI (LODR) Regulations, and Sections 42 &
62 of the Companies Act, 2013. We issued and allotted 68,35,444 equity shares of face
value 10 each to eligible Qualified Institutional Buyers at an issue price of 790.00 per
Equity Share (including a premium of 780 per Equity Share), aggregating to a significant
540 Crores. The proceeds from this QIP have substantially strengthened our financial
position, providing the necessary flexibility to pursue our ambitious growth plans. To
name a few, the marquee investors in the QIP include SBI Mutual Fund, Tata Mutual Fund,
Custody Bank Of Japan, LTD. RE: Rb Amundi India Small Cap Equity Mother Fund Morgan
Stanley Asia (Singapore) PTE etc.,
Utilization of QIP Funds as on March 31, 2025: (Amount in crores)
Objects of the issue |
Amount proposed |
Amount utilizes upto March 31, 2025 |
Unutilised amount as on March 31, 2025 |
Towards development of Wonderla Chennai Park |
390.00 |
75.00 |
315.00 |
Towards development of Glamping Pods and ancillary services at
Bengaluru |
25.00 |
22.81 |
2.19 |
Towards refurbishment cost of Wonderla Resort, Bengaluru. |
16.00 |
- |
16.00 |
Towards the expenditure to set up a roller coaster ride at Bengaluru
park |
16.00 |
- |
16.00 |
General Corporate Purpose |
78.00 |
39.00 |
39.00 |
Total |
525.00 |
136.81 |
388.19 |
5. Directors' Responsibility Report
Pursuant to the requirements of Section 134 (5) of the Companies Act, 2013, the Board
of your Company hereby states that:
In the preparation of annual accounts for the financial year 2024-25, all
applicable accounting standards have been diligently followed, with proper explanations
provided for any material departures.
We have, in consultation with the Statutory Auditors, selected and consistently
applied appropriate accounting policies. We have made judgments and estimates that are
reasonable and prudent to present a true and fair view of the
Company's state of affairs as of March 31, 2025, and of the profit and loss for the
financial year ended on that date.
The Board has exercised proper and sufficient care, to the best of its knowledge
and ability, in maintaining adequate accounting records in accordance with the provisions
of the Act, safeguarding Company assets, and preventing and detecting frauds and other
irregularities.
The annual accounts of the Company have been prepared on a going concern basis.
We have established internal financial controls to be followed by the Company
and confirm that such controls are adequate and were operating effectively.
We have devised proper systems to compliance with the provisions of all
applicable laws and confirm that such systems were adequate and operating effectively.
6. Internal Financial Control Systems and Their Adequacy
At Wonderla Holidays Limited, delivering joyful experiences is intrinsically linked
with maintaining rigorous financial discipline and robust governance. As our business
continues to grow in scale and complexity, we remain steadfast in proactively assessing
and enhancing the design and effectiveness of our Internal Financial Control Systems
(IFCS). We have established an IFCS aligned with the guidelines outlined in Section
134(5)(e) of the Companies Act, 2013. We firmly believe that effective IFCS are not merely
about compliance; they are the bedrock of our long-term success. By safeguarding assets,
ensuring accurate financial reporting and minimizing operational risks, Wonderla is
well-positioned to continue creating joy for its guests while maintaining a strong
financial footing and fostering stakeholder trust. We recognize that happy guests and
sound finances are key ingredients for a prosperous future. Wonderla's IFCS ensures:
Accuracy and Reliability in Financial Reporting: Every transaction, from
park entry to food purchases, is accurately captured to aid informed decisions by
investors, creditors, and management.
Efficient Operations: Achieved through streamlined processes, waste
minimization, and effective detection and prevention of fraudulent activity, with
automated controls monitoring inventory, cash flow, and spending patterns.
Asset Safeguarding: Significant physical assets, including our iconic
rollercoasters, are safeguarded through stringent access controls, clear segregation of
duties, and regular reconciliations.
Regulatory Compliance: Consistent adherence to industry regulations
concerning taxes, safety, and employee welfare is maintained to prevent fines and
reputational damage, with controls regularly updated to reflect changes.
Transparency and Trust: Fostered among stakeholders through effective
IFCS and regular audits, ensuring the provision of reliable financial information.
Revenue Controls: Robust controls across various departments prevent
leakage through secure systems, access control, reconciliations, cash audits, and data
monitoring. ensure Expense Controls: Involve stringent procurement, payroll,
and cash management measures, including competitive bidding, rigorous purchase approvals,
thorough vendor due diligence, and secure cash handling.
Effective Information and Communication Systems: Ensuring that relevant
and timely information is shared across the organization, enabling informed decisions and
effective performance.
Proactive Risk Management: Regular risk assessments are conducted to
identify and mitigate potential risks, thereby ensuring financial health and operational
success.
7. Health & Safety at Wonderla
Wonderla Holidays Limited, India's premier amusement park chain, takes immense pride in
its unwavering dedication to safety and hygiene. This commitment ensures a worry-free
environment where guests can fully enjoy thrilling rides and refreshing water adventures.
Here's an insight into our comprehensive approach to safety:
Ride & Operational Safety: Engineered for Thrills, Designed for Safety Every
ride at Wonderla is not just a marvel of engineering but also a testament to our robust
safety system. They are meticulously maintained, and continuously monitored:
Daily Multi-Point Ride Inspections: Certified technicians conduct
thorough inspections of every structure and mechanism each morning before the park gates
open.
Third-Party Audits: Annual assessments are carried out by independent,
certified engineers, providing objective validation of our safety standards.
Emergency Protocols: Every ride station is equipped with immediate
emergency stop systems, and our staff are rigorously trained in shutdown and evacuation
procedures.
Operator Training: Ride operators undergo extensive training in both
routine operation and emergency scenarios, complemented by regular refresher programs.
Boarding Safety: Every restraint is double-checked, entry/exit protocols
are standardized, and stations are adequately staffed to prevent any mishaps.
Park Safety: A Safe Environment, Every Step Way Our commitment extends beyond
rides; safety is ingrained into every aspect of the park environment:
Guest Safety Orientation: Visual safety inductions and trained Guest
Relations (GR) personnel help groups and individuals stay informed and guided.
Strategic Security Deployment: Trained security personnel are
strategically stationed at key locations for real-time hazard detection and prompt guest
assistance.
Crowd & Capacity Management: We employ smart queueing systems,
real-time occupancy tracking, and clear sightlines to ensure both operational efficiency
and guest safety.
Emergency Preparedness: With park-wide communication systems, clearly
mapped emergency exits, and staff proficient in scenario-based drills, we are prepared for
any situation.
On-Site Medical Support: First aid stations are staffed with qualified
healthcare personnel and are seamlessly linked to local emergency services for swift
escalation when needed.
Global-Standard HSE Systems: Integrated Excellence Wonderla has implemented a fully
integrated Health, Safety, and Environment (HSE) and Integrated Management System (IMS)
framework, benchmarked against global best practices:
100% Compliance: We ensure full adherence to Government of India and
local HSE statutes across all our sites.
ISO-Certified Systems: Our Environment and Safety Management Systems are
integrated across all parks (ISO 45001:2018) and certified by BVQI.
Tailor-Made Safety Management Systems: Designed and implemented in
collaboration with ISO experts, these systems specifically address the unique operational
scope of Wonderla (Scope I to Scope III).
Proactive Risk Management: Anticipating and Mitigating
Risk Assessments: Regular Environment and Safety Risk Assessments are
carried out to proactively reduce operational hazards.
Specialized Tools: We utilize industry-standard methodologies such as
HIRA (Hazard Identification and Risk Assessment), HAZOP, HAZID, and LOPA to meticulously
evaluate every activity, process, and ride.
Robust Reporting System: Every near miss, unsafe act, and minor medical
concern is of the recorded and promptly addressed through a real-time internal
reporting mechanism.
Dedicated Engineering Team: An in-house team continuously inspects and
maintains all ride systems to the highest possible standards.
Certified Safety Officers: Dedicated HSE Managers at each location
oversee the effective implementation of all safety measures.
Hygiene & Sanitation: A Clean and Healthy Environment
Food Safety: All food outlets undergo stringent checks and consistently
exceed regulatory standards. Our staff are thoroughly trained in hygiene and
temperature-controlled food handling.
Cleanliness: High-touch surfaces, restrooms, and common areas are cleaned
frequently throughout the day, ensuring continuous freshness.
Water Quality Management: Continuous monitoring and advanced filtration
systems guarantee clean and safe water across all water rides and facilities.
Sanitization Stations: Hand sanitizers are conveniently placed throughout
the park for easy access, and safety gear is regularly sanitized.
Ventilation Systems: Enclosed attractions feature well-maintained HVAC
systems to ensure optimal fresh air circulation and air quality.
Pest & Waste Control: Professional pest control and sustainable waste
management systems are in place to uphold both hygiene and environmental goals.
Employee Health & Well-Being: Our People, Our Priority We firmly believe that
the safety of our guests begins with the safety and well-being of our employees:
Regular Medical Checkups: All employees undergo quarterly medical
screenings to ensure their health.
Trained and Certified: All staff, from ride operators to F&B and
entertainment personnel, receive comprehensive training in safety, customer service, and
emergency response.
Protective Equipment: All employees are equipped with necessary
protective gear and uniforms, ensuring their safety during duties.
Wellness Support: Access to healthcare services, either on-site or
through partnerships, extends to both work-related and general health concerns.
Culture of Safety: We foster an environment where every employee is
empowered and encouraged to report potential risks immediately and confidently.
8. Corporate Governance
Your Company firmly believes that robust corporate governance reports are far more than
a mere compliance exercise; they serve as a transparent window into our company practices,
showcasing our ethical standards, clarity in decision-making, and responsible leadership.
This commitment to transparency is instrumental in
buildingtrustwithinvestors,enhancingmarketvaluation, and effectively mitigating risks. By
demonstrating sound internal controls and comprehensive risk management strategies, these
reports not only ensure regulatory compliance but also pave the way for continuous
improvement and open communication with all stakeholders, ultimately safeguarding the
Company's success and sustainability. The Corporate Governance Report, along with a
Certificate from the Secretarial Auditor, M/s. Somy Jacob & Associates, Practising
Company Secretaries, confirming compliance with corporate governance conditions, is
annexed as part of the Corporate Governance Report.
9. Board Meetings and Composition
Wonderla Holidays Limited operates under a single-tier Board structure, comprising
seven dedicated members. The Board is led by Mr. Arun K Chittilappilly, who serves as the
Managing Director and Executive Chairman of the Company. The remaining Board members
include the Non-Executive Vice-Chairman, a Non-Executive Director, and Independent
Directors. The Board of Directors convened six (6) times during the financial year
under review. The specific dates of these Board meetings and the attendance record of each
Director are detailed in the Corporate Governance Report, provided as Annexure I.
10. Declaration from Independent Directors
All Independent DirectorsMs. Anjali Nair (DIN: 08574898), Mr. K Ullas Kamath
(DIN: 00506681), Mr. Madan Achutha Padaki (DIN: 00213971), and Mr. Aprameya Radhakrishna
(DIN: 3356958) have provided their declarations to the Company, confirming that they meet
the independence criteria as stipulated in Section 149(6) of the Companies Act, 2013, Rule
6(3) of the Companies (Appointment and Qualifications of Directors) Rules, 2014, and
Regulation 16(1)(b) of the SEBI Listing Regulations. Furthermore, each Independent
Director has affirmed their compliance with the Code of Conduct for Independent Directors,
as prescribed in Schedule IV of the Act. The Board has duly taken on record these
declarations after a thorough assessment of their veracity.
11. Appointment of Directors and Remuneration Policy
Your Company has established a clear and robust method for appointing Directors,
overseen by the Nomination and Remuneration Committee. This committee is responsible for
identifying individuals who possess integrity, relevant expertise, significant experience,
and strong leadership qualities suitable for a directorial role. The committee rigorously
ensures that each selected candidate fulfills all specified criteria related to
qualifications, positive attributes, independence, age, and any other requirements
outlined in the Companies Act, Listing Regulations, or other pertinent laws. The Company's
Nomination and Remuneration Policy is formulated in accordance with Section 178 of the
Companies Act, 2013. This policy has been suitably amended to allow for the payment of
remuneration to Non-Executive Directors and Independent Directors even in instances of
loss or inadequacy of profits, in line with the amended provisions of Schedule V of the
Companies Act, 2013. The complete policy is accessible on the Company's website:
http://www.wonderla.com/ investor-relations/prospectus-and-policies.html. During the year
under review, significant changes occurred in the Board composition:
Mr. Aprameya Radhakrishna was appointed as an Independent Director, effective
February 1, 2025.
Ms. Anjali Nair was reappointed as an Independent Director for an additional
term of five years, effective April 1, 2025.
Mr. Arun K Chittilappilly was re-designated as Managing Director and Executive
Chairman, effective January 27, 2025.
Mr. M. Ramachandran completed his tenure as an Independent Director and ceased
to be a Director of the Company, effective November 15, 2024.
12. Evaluation of Board, Committees, Individual Directors, and Chairman
A comprehensive evaluation of the Board, its Committees, individual Directors, and the
Chairman for FY 2024-25 was conducted in compliance with the provisions of the Companies
Act, 2013, and the Listing Regulations. For this crucial process, an external independent
firm with specialized expertise in this field was engaged. An online questionnaire method
was utilized for the evaluation, based on criteria meticulously formulated by the members
of the Nomination and Remuneration Committee (NRC). The evaluation aimed to assess the
performance of individual Directors, various Board committees, the Board as a whole, and
the Chairman. Key criteria included adherence to the Code of Conduct, demonstration of
leadership qualities, independence of judgment, integrity, and confidentiality. The
Nomination and Remuneration Committee reviewed the outcome of this evaluation process at
its meeting held on May
7, 2025. The Directors expressed satisfaction with the constructive feedback received
from their Board colleagues.
13. Familiarization Program for Board Members
Our Familiarization Program is designed to equip Independent Directors with a thorough
understanding of the Company's operations, industry dynamics, business model, financial
performance, and the relevant regulatory landscape. This comprehensive understanding
empowers them to ask informed questions, provide insightful contributions, and make
well-considered decisions during Board meetings. The Company regularly conducts various
familiarization programs for its Independent Directors as an integral part of quarterly
Board and Committee meetings. Furthermore, various business heads periodically make
presentations to the Board, detailing the Company's performance and future strategy for
their respective departments. The Board is consistently apprised of all regulatory and
policy changes relevant to the business by the Senior Management and the Company's
Auditors.
14. Management Discussion and Analysis
The Management Discussion and Analysis (MD&A), as prescribed under Regulation 34(3)
of the Listing Regulations, is presented in a separate section and forms an integral part
of this Report as Annexure- II.
15. Auditors
Statutory Auditor: In accordance with Section 139 of the Companies Act, 2013, read
with the Companies (Audit and Auditors) Rules, 2014, the Members of the Company had
approved the appointment of M/s. Deloitte Haskins & Sells, Chartered
Accountants [Firm registration number: 008072S], as the statutory auditors of the Company.
This appointment was made at the 19th Annual General Meeting (AGM) for a five-year term,
valid until the 24th AGM to be held in 2026. The Statutory Auditors have confirmed their
adherence to the independence criteria as required under the Act. Their Report on the
financial statements of the Company for the year 2024-25 is included as part of the Annual
Report. We are pleased to report that there has been no qualification in their Report.
Furthermore, during the year under review, the Auditors have not reported any matter under
Section 143 (12) of the Act, thus no disclosure is required under Section 134 (3) (ca) of
the Act. Secretarial Auditor: Pursuant to the provisions of Section 204 of the
Companies Act, 2013 and relevant Rules, Mr. Somy Jacob of M/s. Somy Jacob &
Associates, Company Secretaries, has been appointed as the Secretarial Auditor of the
Company for a period of five consecutive years from FY 2025-26, subject to shareholder
approval. The Secretarial Audit Report submitted by him is annexed to this Report as
Annexure - III.
16. Board Diversity Policy
The composition of our Company's Board plays a pivotal role in shaping its strategic
decisions and ensuring a holistic approach to management. The Board of Wonderla Holidays
Limited is characterized by a rich blend of professionals with diverse expertise and
varied backgrounds. This includes individuals with extensive experience in the hospitality
and entertainment industry, electrical engineering, finance, marketing, and other relevant
fields. This deliberate diversity ensures a well-rounded governance structure, highly
capable of addressing the multifaceted challenges and seizing the opportunities within the
dynamic amusement park sector. Wonderla Holidays Limited recognizes the critical
importance of continuous improvement in Board diversity. The Company regularly reviews its
diversity policies and initiatives, actively identifying areas for enhancement. This
unwavering commitment to ongoing improvement demonstrates our dedication to maintaining a
Board that truly reflects the diversity of our stakeholders and the broader community we
serve. The comprehensive Board Diversity Policy of your company is readily available on
the Company's website: http://www.wonderla.com/investor-relations/
prospectus-and-policies.html.
17. Loan from Director or Director's Relatives
We confirm that during the year under review, the Company has not taken any loans from
its Directors or their relatives.
18. Related Party Transactions
Our Related Party Transactions policy serves as a crucial governance framework,
meticulously safeguarding the interests of shareholders and upholding transparency in all
engagements with entities associated with the Company. This policy is meticulously drafted
in line with the stringent requirements of the Companies Act, 2013, and the Listing
Regulations, and is accessible on the Company's website:
www.wonderla.com/investor-relations/prospectus-and-policies. We confirm that no material
related party transactionsdefined as transactions exceeding 10% of the annual
consolidated turnover as per the last audited financial statementswere entered into
by the Company during the year. Disclosures as required under Section 134(3) (h) read with
Rule 8(2) of the Companies (Accounts) Rules, 2014, are provided in Form AOC-2 and are
annexed as Annexure - IV to this report.
19. Vigil Mechanism (Whistleblower Policy)
At Wonderla Holidays Limited, we firmly believe that transparent communication is the
fundamental cornerstone of trust. To uphold this, we have a robust Whistleblower Policy,
which acts as a vigilant searchlight, illuminating any potential ethical concerns and
thereby ensuring a brighter future for our organization. This policy actively encourages
the open reporting of any wrongdoing, facilitating the early detection and swift
resolution of potential issues. Our unwavering commitment to accountability and
transparency is further evidenced by the comprehensive protection provided to
whistleblowers, assuring them of complete immunity from retaliation. Aligned with all
relevant legal and regulatory requirements, this policy not only safeguards our corporate
reputation by addressing concerns promptly but also plays a vital role in preventing
financial losses associated with fraud. The detailed Whistleblower Policy is publicly
available on the Company's website: www.wonderla.com/
investor-relations/prospectus-and-policies.
20. Policy on Prevention of Sexual Harassment at Workplace
Your Company is deeply committed to safeguarding the well-being and dignity of its
female employees, which is why we have constituted a diverse and impartial committee to
address these matters. This dedication is clearly manifested in Wonderla's exemplary
implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013, commonly known as the POSH Act. We provide multiple secure avenues
for employees to report incidents of sexual harassment without any fear of reprisal. Any
substantiated complaint is subject to a thorough and impartial investigation, and if
proven true, appropriate disciplinary action is taken against the perpetrator, ranging
from formal warnings to termination of employment. This decisive approach sends a clear
message of non-tolerance and serves as a strong deterrent to potential offenders. We are
proud to report that no incidents of sexual harassment were reported in our workplace
throughout the year under review. Disclosures in relation to the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 are as follows:
a. Number of complaints filed during the Financial Year |
7 |
b. Number of complaints disposed of during the Financial Year |
5 |
c. Number of complaints pending as on end of the Financial Year |
2 |
21. Corporate Social Responsibility (CSR)
Wonderla's CSR efforts are meticulously designed, moving beyond a one-size-fits-all
approach. Recognizing the unique needs of each community, the Company tailors its projects
to address specific challenges and opportunities effectively. This localized approach
ensures maximum impact and fosters long-term positive change.
The composition, role, functions, and powers of the Corporate Social Responsibility
(CSR) Committee of the Company are fully compliant with the requirements of the Companies
Act, 2013. Your organization has consistently been at the forefront of meeting its CSR
commitments, undertaking various impactful initiatives as part of its CSR programs. Your
Company has a comprehensive CSR Policy, which is available on our website: www.wonderla.
com/investor-relations/prospectus-and-policies.html. The Annual Report on CSR Activities
is provided as Annexure - V, forming an integral part of the Directors' Report.
22. Business Responsibility and Sustainability Report (BRSR)
The Business Responsibility and Sustainability Report (BRSR) of the Company elaborates
on the measures taken and adherence to the key principles elucidated in the National
Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business,'
framed by the Ministry of Corporate Affairs (MCA). The BRSR, as required by SEBI, has been
hosted on the Company's website: https://www.wonderla.
com/investor-relations/business-responsibility-and-sustainability-report.html.
23. Particulars of Loans, Guarantees, and Investments
Particulars of the loans given, guarantees provided, and investments made by the
Company, pursuant to Section 186 of the Companies Act, 2013, for the year ended March 31,
2025, are fully provided in the Notes to the financial statements.
24. Conservation of Energy, Technology Absorption & Foreign Exchange Earnings &
Outgo
Detailed information on the conservation of energy, technology absorption, and foreign
exchange earnings & outgo, in accordance with Section 134(3)(m) read with Rule 8 of
the Companies (Accounts) Rules, 2014, is annexed to this Report as Annexure - VI.
25. Secretarial Standards
Your Company maintains full compliance with the applicable Secretarial Standards issued
by the Institute of Company Secretaries of India (ICSI) and approved by the Central
Government under Section 118 (10) of the Act.
26. Particulars of Employees & Employee Stock Options
As of March 31, 2025, the total number of permanent
employeesintheCompanystandsat817.Theparticulars of employees, as required under the
provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are enclosed
as Annexure - VII.
Details of employee remuneration, as required under Section 197(12) of the Companies
Act, 2013, read with Rule 5(2) & 5(3) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, are available for inspection at the Registered
Office of the Company during working hours, 21 days before the Annual General Meeting, and
will be made available to any Shareholder upon request. Such details are also accessible
on your Company's website: http://www.
wonderla.com/investor-relations/annual-reports.html.
Employee Stock Options (ESOS): The Company strategically grants share-based
benefits to eligible employees to attract and retain top talent, encourage employees to
align individual performance with Company objectives, and promote increased employee
participation in the Company's growth trajectory. To provide employees with a direct
opportunity to participate in the Company's growth story, the management introduced the
Employee Stock Option Scheme 2016' (ESOS). This Scheme is applicable to all eligible
employees of the company. A compliance certificate, certified by the Secretarial Auditor
of the Company, confirming that the Scheme has been implemented as per the SEBI (Share
Based Employee Benefits) Regulations, 2014, and the resolution(s) passed by the Members of
the Company, will be placed at the AGM for inspection. During the period under review, the
Board, upon the recommendation of the Nomination and Remuneration Committee, granted
30,613 stock options to eligible Employees under the Scheme. Relevant disclosures, in
accordance with Rule 12 (9) of the Companies (Share Capital and Debentures) Rules, 2014,
and Regulation 14 of the Securities and Exchange Board of India (Share Based Employee
Benefits) Regulations, 2014, have been made and are attached to this report as Annexure
VIII.
27. Investor Relations
Your Company places a paramount emphasis on fostering effective investor relations
through various strategic channels. We offer a dedicated and comprehensive investor
relations section on our website
https://www.wonderla.com/investor-relations/quarterly-investor-presentation.html, which
serves as a centralized resource hub. This platform provides stakeholders with invaluable
insights, including quarterly investor presentations, detailed financial breakdowns,
annual reports, and governance policies. We actively engage with our investors through
regular meetings, ensuring transparent communication and prompt responsiveness to queries.
The Company maintains a robust governance framework, complete with well-defined committees
and a strong commitment to Environmental, Social, and Governance (ESG) principles. This
reflects our long-term vision and is designed to attract socially conscious investors.
28. Inauguration of Bhubaneswar Park
During the year, Wonderla Holidays Limited marked a significant milestone in its
national expansion journey with the launch of its fourth amusement park in Kumbharbasta,
Bhubaneswar, Odisha. The park was soft-launched in May 2024, drawing strong early traction
from local and regional visitors, and officially inaugurated on 20th September 2024 by
Smt. Pravati Parida, Deputy Chief Minister of Odisha, in a grand ceremony attended by key
leadership.
Spread over 51 acres, Wonderla Bhubaneswar is Odisha's first major amusement park
offering a combination of land and water rides, including unique attractions like the
German Spinning Coaster and Open-Air Rain Dance. The park welcomed close to 1 lakh
visitors within the first few months of operations, created more than 400 employment
opportunities, and initiated several community-focused programs such as school kit
distribution and blood donation camps.
29. Chennai Project Update
The Wonderla Chennai Park is currently under construction. The Company has submitted a
representation to the Government of Tamil Nadu, formally, requesting a six-month extension
for its commissioning and for availing of exemption of Local Body Tax for a term of ten
years from the date of completion of the project.
30. Significant Material Orders Passed by Regulators
We confirm that no significant material orders were passed by regulatory authorities on
the Company during the financial year under review.
31. Material Changes from The End of the Financial Year till The Date of this Report
There have been no material changes or commitments affecting the financial position of
the Company between the end of the Financial Year and the date of this Report.
32. Deposits from Public
During the year under review, the Company has not accepted any deposits from the public
that fall within the ambit of Section 73 of the Companies Act, 2013, and the Rules framed
thereunder.
33. Other Disclosures
Transfer to Reserves: The Company has not transferred any amount to the
General Reserve during the year.
Annual Return: The Annual Return filed with the Ministry of Corporate
Affairs is publicly available on the Company's website: https://www.
wonderla.com/investor-relations/annual-return. html.
Nature of Business: There has been no change in the nature of the
Company's business as of the date of this Report.
Insolvency and Bankruptcy Code: No application was made or proceeding
pending against the Company under the Insolvency and Bankruptcy Code, 2016, during the
year under review.
Cost Records: The company is not required to maintain cost records as
specified by the Central Government under sub-section (1) of Section 148 of the Companies
Act, 2013.
No shares with differential voting rights and Sweat Equity Shares have been
issued.
The Company complies with the provisions of Maternity Benefit Act, 1961.
34. Appreciation
As we embark on a new chapter in our journey, Wonderla Holidays Limited extends its
deepest gratitude to all who have contributed to our success.
To our Valued Shareholders: Your unwavering belief and steadfast support
have been the cornerstone of our growth. We remain committed to delivering exceptional
value, both financially and through the memorable experiences we meticulously create. Your
confidence in us continually motivates our drive for innovation and excellence.
To our Cherished Customers: You are truly the heart and soul of Wonderla.
Your laughter, joy, and the shared memories created at our parks are what we live for.
Thank you for choosing us to create unforgettable moments with your loved ones; we
constantly strive to exceed your expectations with thrilling rides, immersive attractions,
and impeccable hospitality.
To our Dedicated Employees: You are the invaluable backbone of Wonderla.
Your passion, dedication, and tireless efforts are what truly bring our vision to life.
From park operations to culinary experts, entertainers, and maintenance crews, each of you
plays a vital role in crafting magical experiences. Your commitment to excellence inspires
us daily.
To our Loyal Partners: We are immensely grateful for the collaborative
spirit and shared vision that define our partnerships. Together, we co-create richer, more
diverse, and truly unforgettable experiences, and your contribution is profoundly valued.
As we look to the future, we are filled with excitement and optimism. We have ambitious
plans to further expand our reach, innovate with new adventures, and continue delivering
the highest standards of service and entertainment. This remarkable journey would simply
not be possible without the unwavering support of each and every one of you. Thank you,
from the bottom of our hearts. We are truly grateful for the opportunity to serve you and
to create memories that will last a lifetime.
For and on behalf of the Board of |
Wonderla Holidays Limited |
Arun K Chittilappilly |
Managing Director & Executive Chairman |