Wonderla Holidays Ltd Directors Report

Dear Valued Shareholders,

On behalf of the Board of Directors of Wonderla Holidays Limited, it is our pleasure to present the Directors Report together with the Audited Financial Statements for the financial year ended MarcRs.31, 2026. This report provides a transparent and comprehensive overview of the Companys operational performance, financial results, key developments, and compliance disclosures during the year under review, in accordance with the requirements of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Performance Overview: Financial Strength & Operational Excellence

For the financial year ended MarcRs.31, 2026, the Company achieved significant milestones in footfall and revenue growth, while navigating higher cost pressures arising from the commissioning of the ISLE and Chennai park. The key financial highlights are presented below:

Particulars	FY 2025-26 (Rs. in Lakhs)	FY 2024-25 (Rs. in Lakhs)	Change (%)
Total Footfall	32.19 Lakh visitors	30.49 Lakh visitors	+5.58%
Revenue from Operations	51,877.23	45,857.08	+ 13.13%
Total Income	55,107.90	48,278.11	+ 14.15%
Total Expenses (Including Exceptional Item - Impact of new labour code)	44,274.49	36,923.09	+ 19.91%
Profit Before Tax (PBT)	10,833.41	11,355.02	-4.59%
Profit After Tax (PAT)	8,173.44	10,927.44	-25.20%
Basic Earnings Per Share (Rs.)	12.89	18.61	-30.73%

Awards & Recognition

The year 2025-26 was marked by several prestigious accolades, underscoring our unwavering commitment to quality, innovation, and exceptional guest experience across all our parks and resort operations. These recognitions are further strengthened by the successful inauguration of our Chennai park, which represents a significant milestone in our continued expansion and pursuit of excellence.

These accolades reflect the collective effort, passion, and dedication of every member of the Wonderla family, and reaffirm our steadfast commitment to delivering world- class entertainment experiences upheld by the highest standards of safety, hygiene, and operational excellence.

Kerala State Pollution Control Board Award in the Other Category for Outstanding Contribution and Commitment Towards Environmental Protection & Sustainable Practices.

Telangana Tourism Award - 2025 "Award for

Excellence" in the category of social media.

IAAPI National Award for Excellence 2025 - Winner - Most Innovative Ride - Tier 1.

2. Capital Structure

We are pleased to report notable changes in the Companys capital structure, aimed at strengthening our financial foundation and supporting the execution of our strategic growth initiatives.

Authorized Share Capital	Rs. 80,00,00,000 (8,00,00,000 Equity Shares of Rs. 10/- each).
Paid-up Share Capital	Increased from Rs. 63,40,87,630 (6,34,08,763 Equity Shares of Rs. 10 each) to Rs. 63,42,27,660 (6,34,22,766 Equity Shares of Rs. 10 each), pursuant to allotment of shares under the Employee Stock Option Scheme.
Market Capitalization	As of MarcRs.31, 2026 — Rs. 3081.08 Crores (as against Rs. 4,145.66 Crores as of MarcRs.31, 2025).
Shareholders Equity	Rs. 1,796.90 Crores as of MarcRs.31, 2026.
Stock Exchange Listing	Equity shares of the Company are actively listed and traded on the National Stock Exchange of India Limited (NSE: WONDERLA) and BSE Limited (BSE: 538268). Annual listing fees for FY 2025-26 have been duly paid to both exchanges.

Changes in Share Capital During FY 2025-26

During the year under review, the paid-up share capital of the Company increased on account of allotment of equity shares upon exercise of stock options under the Employee Stock Option Scheme, 2016 (ESOS 2016). The details of allotments made during the year are as follows:

Date of Allotment	No. of Shares Allotted	Face Value (Rs.)	Reason for Allotment
Various dates	14,003	Rs. 10/-	Allotment under ESOS 2016

3. Dividend

The Board of Directors has recommended a final dividend of 20% on the face value of the equity shares, i.e., Rs. 2.00 per equity share of face value Rs. 10/- each, for the financial year ended MarcRs.31, 2026, subject to the approval of the Members at the ensuing Annual General Meeting.

In accordance with the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend income is taxable in the hands of the shareholders at the applicable rates. The Company will make necessary deductions of Tax Deducted at Source (TDS) as applicable.

The Board has not proposed any transfer to the General Reserve for the financial year under review.

The Companys Dividend Distribution Policy, formulated in compliance with Regulation 43A of the SEBI Listing Regulations, is available on the Companys website: http://www.wonderla.com/investor-relations/prospectus-and-policies.html

4. Utilisation of QIP Proceeds as on March 31, 2026

Pursuant to the Qualified Institutional Placement (QIP) undertaken by the Company, the details of utilisation of the funds raised are set out below:

Original object	Modified object, if any	Original allocation	Modified allocation, if any	Funds utilized	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks
Funding capital expenditure requirements in relation to development of Wonderla Chennai Park		390.00	351.00	351.00
Funding capital expenditure requirements in relation to expansion and development of Glamping Pods and ancillary service areas at Wonderla Bengaluru		25.00		25.00
Funding capital expenditure requirements in relation to certain refurbishment at Wonderla Resort, Bangalore		16.00		16.00
Funding capital expenditure requirements in relation to setting up of a roller coaster ride at Wonderla Park, Bengaluru		16.00		16.00
General Corporate Purpose	-	78.00	117.00	117	-	-
Issue expenses	-	15.00	-	15.00	-	-
Total		540.00		540.00

*Gross proceeds raised through QIP was Rs.540 crores and net proceeds was Rs.525 crores, net of issue expenses amounting to Rs.15 crores.

5. Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013,

the Board of Directors hereby confirms and states that:

• In the preparation of the annual accounts for the financial year ended MarcRs.31, 2026, the applicable accounting standards issued by the Institute of Chartered Accountants of India (ICAI) have been followed, and there are no material departures from the same.

• The Directors have selected such accounting policies in consultation with the Statutory Auditors and applied them consistently, and have made judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as at MarcRs.31, 2026, and of the profit of the Company for the year ended on that date.

• The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company, and for preventing and detecting fraud and other irregularities.

• The annual accounts have been prepared on a going concern basis.

• The Directors have laid down internal financial controls to be followed by the Company, and such internal financial controls are adequate and are operating effectively.

• The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws, and that such systems are adequate and operating effectively.

6. Internal Financial Control Systems and Their Adequacy

The Company has established a comprehensive Internal Financial Control System (IFCS) framework in alignment with the requirements and principles prescribed under Section 134(5)(e) of the Companies Act, 2013. The Company views internal financial controls not merely as a statutory obligation, but as a strategic enabler that underpins sustainable growth, operational excellence, and long-term value creation.

The Internal Financial Control Systems at Wonderla are designed to provide reasonable assurance in the following key areas:

• Integrity and reliability of financial reporting: All financial transactions are systematically recorded, validated, and reported to ensure completeness, accuracy, and transparency.

• Operational discipline and efficiency: Standardized processes, supported by automation and digital controls, enable efficient operations and facilitate early detection of errors or fraudulent activities.

• Protection of physical and intangible assets:

Robust security protocols, controlled access mechanisms, segregation of responsibilities, and periodic physical verifications safeguard Company assets.

• Regulatory and statutory compliance: The Company maintains a strong compliance framework to ensure adherence to applicable laws and regulations.

• Robust revenue management controls: End- to-end controls across all revenue streams ensure proper recording through secure billing systems, automated reconciliations, and realtime monitoring.

• Enterprise-wide risk management: A structured and proactive risk management framework supports business continuity and long-term stability.

Based on the review by the Audit Committee and assessment by the Statutory Auditors, the Board is satisfied that the internal financial controls were adequate and operating effectively during FY 2025-26.

7. Health & Safety at Wonderla

Wonderla Holidays Limited is committed to delivering a safe, hygienic, and worry-free experience for every guest. Our approach combines rigorous safety systems, global standards, and a culture of proactive care—so visitors can focus on enjoying every moment of excitement and relaxation.

Ride & Operational Safety

• Daily Multi-Point Inspections: Certified technicians conduct detailed checks of all rides and structures before the park opens each day.

• Independent Audits: Annual evaluations by third- party certified engineers ensure unbiased validation of safety standards.

• Emergency Systems: All rides are equipped with immediate stop mechanisms, supported by staff trained in rapid shutdown and evacuation procedures.

• Operator Expertise: Ride operators undergo intensive training, including regular refreshers on routine operations and emergency handling.

• Secure Boarding: Restraints are double-checked, boarding protocols are standardized, and stations are fully staffed to minimize risk.

Global-Standard HSE Systems

• Full Regulatory Compliance: Adherence to all Government of India and local safety regulations across operations.

• ISO-Certified Systems: Integrated Environment and Safety Management Systems aligned with ISO 45001:2018, certified by BVQI.

• Advanced Risk Methodologies: Use of globally recognized tools such as HIRA, HAZOP, HAZID, and LOPA for proactive risk identification and mitigation.

8. Corporate Governance

The Company believes that strong corporate governance goes beyond mere compliance—it reflects the organizations commitment to transparency, ethical conduct, and accountable leadership. The Corporate Governance Report, along with a certificate from the Secretarial Auditor, M/s. Somy Jacob & Associates, Practising Company Secretaries, confirming compliance with applicable governance requirements, forms an integral part of this Annual Report and is annexed as Annexure - I.

9. Board of Directors, Composition & Meetings

The composition of the Board, Board Committees, meetings held during the year, the attendance etc., are provided in the corporate governance report enclosed to this report.

10. Independent Directors

10.1 Declaration by Independent Directors

All Independent Directors have submitted their declarations confirming that they satisfy the criteria of independence as prescribed under 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. Further, all Independent Directors have registered themselves in the databank of Independent Directors maintained by the Indian Institute of Corporate Affairs (IICA), as required under Section 150 of the Companies Act, 2013.

The Independent Directors of the Company are:

• Ms. Anjali Nair (DIN: 08574898)

• Mr. K. Ullas Kamath (DIN: 00506681)

• Mr. Madan Achutha Padaki (DIN: 00213971)

• Mr. Aprameya Radhakrishna (DIN: 03356958)

Each Independent Director has affirmed adherence to the Code of Conduct for Independent Directors, as outlined in Schedule IV of the Companies Act, 2013. The Board has reviewed these declarations and is satisfied as to their veracity.

10.2 Separate Meeting of Independent Directors

During the year under review, the Independent Directors held a separate meeting on MarcRs.20, 2026 as required under Schedule IV of the Companies Act, 2013 (Code for Independent Directors) and Regulation 25(3) of the Listing Regulations, without the presence of the Executive Director and Management. At this meeting, the Independent Directors:

• Reviewed the performance of the Non-Independent Directors, the Board as a whole, and the Chairperson of the Company.

• Assessed the quality, quantity, and timeliness of flow of information between the Companys Management and the Board.

• Expressed satisfaction with the overall governance framework and the quality of information shared with the Board.

11. Appointment of Directors, Key Managerial Personnel & Remuneration Policy

11.1 Directors Retiring by Rotation

In accordance with Section 152(6) of the Companies Act, 2013 and the Articles of Association of the Company, Ms. Priya Sarah Cheeran Joseph, Non-Executive Director [DIN - 00027560], retires by rotation at the ensuing Annual General Meeting and, being eligible, offers herself for re-appointment. The Board recommends her re-appointment.

11.2 Key Managerial Personnel

The following persons are the Key Managerial Personnel (KMP) of the Company as on MarcRs.31, 2026, in terms of Section 203 of the Companies Act, 2013:

Name	Designation
Mr. Arun K Chittilappilly	Managing Director & Executive Chairman
Mr. Saji K Louiz	Chief Financial Officer
Mr. Srinivasulu Raju Y	Company Secretary & Compliance Officer

11.3 Remuneration Policy

The Nomination and Remuneration Policy of the Company has been formulated in accordance with Section 178(3) of the Companies Act, 2013 and Regulation 19 of the SEBI Listing Regulations. The policy covers the criteria for determining qualifications, positive attributes, independence of directors, and remuneration for the Directors, Key Managerial Personnel, and other Senior Management. The policy is available on the Companys website at the link https://www.wonderla. com/investor-relations.

12. Annual Evaluation of Board Performance

A comprehensive evaluation of the performance of the Board, its Committees, individual Directors (including Independent Directors), and the Chairperson for FY 2025-26 was conducted in accordance with the provisions of the Companies Act, 2013, Schedule IV of the Act, and the applicable SEBI Listing Regulations. To ensure objectivity and rigor, the Company engaged an independent external firm with specialized expertise to facilitate this process.

The evaluation was carried out through a structured online questionnaire, based on criteria developed by the Nomination and Remuneration Committee. Key parameters included Board composition and diversity, strategic oversight, risk governance, adherence to the Code of Conduct, leadership effectiveness, independence of judgment, integrity, and quality of information flow.

The Nomination and Remuneration Committee reviewed the outcomes at its meeting held on May 7, 2026. The Board was satisfied with the overall performance and noted areas for continued improvement.

13. Familiarization Programme for Independent Directors

The Company has in place a structured Familiarization Programme for Independent Directors as required under Regulation 25(7) of the SEBI Listing Regulations. The Programme is designed to provide Independent Directors with a comprehensive understanding of the Companys business operations, industry landscape, financial performance, risk management framework, and applicable regulatory environment.

During FY 2025-26, familiarization sessions were conducted covering the following areas:

• Overview of the Companys business operations, expansion plans, and strategic priorities.

• Updates on financial performance, capital expenditure, and funding plans.

• Regulatory developments relevant to the amusement park and entertainment industry.

• Updates on the Chennai park launch and operational performance.

• Information technology systems, cybersecurity practices, and data governance.

Details of the familiarization programmes conducted during the year are available on the Companys website.

14. Management Discussion & Analysis

The Management Discussion and Analysis (MD&A)

Report, prepared in accordance with Regulation 34(3) read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented as a separate section and forms an integral part of this Annual Report as Annexure - II.

15. Auditors

15.1 Statutory Auditor

M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 008072S), were appointed as the Statutory Auditors of the Company at the 19^th Annual General Meeting for an initial term of five consecutive years. Having completed their first term, the firm has expressed their willingness to be reappointed for a second consecutive term of five years.

The Audit Committee, at its meeting held on May 7, 2026, reviewed and evaluated the performance and independence of the firm during their first tenure and, being satisfied with the same, recommended their reappointment as Statutory Auditors of the Company for a further term of five consecutive years, commencing from the conclusion of the 24^th Annual General Meeting till the conclusion of the 29^th Annual General Meeting.

The Board of Directors, at its meeting held on May 7, 2026, considered the recommendation of the Audit Committee and consented to the reappointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company, subject to the approval of the Members.

Accordingly, a resolution seeking Members approval for the reappointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company for a second term of five consecutive years forms part of the Notice of the 24^th Annual General Meeting, and the same is recommended for your approval.

The Company has received a written consent and certificate from the firm confirming that their reappointment, if made, shall be in accordance with the conditions prescribed under Sections 139 and 141 of the Companies Act, 2013, and that they are not disqualified from being reappointed as Statutory Auditors of the Company.

The Auditors Report on the Financial Statements for FY 2025-26 does not contain any qualifications, reservations, adverse remarks, or disclaimers and forms part of this Annual Report. During the year, the Auditors have not reported any fraud under Section 143(12) of the Act; accordingly, no disclosure is required under Section 134(3)(ca).

15.2 Secretarial Auditor

In accordance with the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s. Somy Jacob & Associates, Practising Company Secretaries, have been appointed as Secretarial Auditor for a period of five consecutive years commencing from FY 2025-26.

The Secretarial Audit Report in Form MR-3, for the financial year ended MarcRs.31, 2026, is annexed as Annexure - III and forms part of this Report. The Secretarial Audit Report does not contain any qualification, reservation, or adverse remark.

15.3 Internal Auditor

Pursuant to Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014, the Company has appointed Varma & Varma, Chartered Accountants, as the Internal Auditor for FY 2025-26. The Internal Audit function reports directly to the Audit Committee, which reviews the adequacy and effectiveness of internal audit activities at its meetings.

15.4 Cost Auditor

The Company is not required to maintain cost records as prescribed under Section 148(1) of the Companies Act, 2013, read with the Companies (Cost Records and Audit) Rules, 2014, as the nature of the Companys business (amusement parks and hospitality) does not fall within the purview of the said Rules.

16. Board Diversity Policy

The Company places strong emphasis on maintaining a diverse Board comprising professionals with varied expertise, skills, and perspectives. The Board includes individuals with extensive experience in hospitality and entertainment management, electrical engineering, finance, marketing, law, and other relevant domains. This deliberate mix of competencies strengthens the governance framework and enables the Company to navigate the dynamic challenges of the amusement park and entertainment industry.

The Board Diversity Policy is available on the Companys website at:

http://www.wonderla.com/investor-relations/prospectus-and-policies.html

17. Loans from Directors or Relatives of Directors

During the financial year ended MarcRs.31, 2026, the Company has not availed any loans from its Directors or from relatives of its Directors within the meaning of the Companies Act, 2013 and applicable rules framed thereunder.

18. Related Party Transactions

All transactions entered into by the Company with Related Parties during the financial year ended MarcRs.31, 2026 were in the ordinary course of business and on an arms length basis. The Company has a Related Party Transactions Policy in accordance with Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI Listing Regulations.

The Company confirms that no material related party transactions—as defined under the Companys Related Party Transactions Policy (i.e., transactions exceeding 10% of the annual consolidated turnover based on the last audited financial statements)—were undertaken during the year. The requisite disclosures under Section 134(3)(h) read with Rule 8(2) of the Companies (Accounts) Rules, 2014 are provided in Form AOC-2, annexed as Annexure - IV.

The Related Party Transactions Policy is available on the Companys website.

19. Vigil Mechanism / Whistleblower Policy

In accordance with Section 177(9) of the Companies Act, 2013 and Regulation 22 of the SEBI Listing Regulations, the Company has established a Vigil Mechanism / Whistleblower Policy to enable Directors, employees, and other stakeholders to report concerns about unethical behavior, fraud, violation of the Companys Code of Conduct, or any other genuine concern. The policy provides adequate safeguards against victimization and ensures confidentiality of the identity of the complainant.

The Audit Committee oversees the functioning of the Vigil Mechanism. Direct access to the Chairperson of the Audit Committee is provided in appropriate or exceptional cases. No personnel have been denied access to the Audit Committee during the year. The Vigil Mechanism Policy is available on the Companys website.

20. Policy on Prevention of Sexual Harassment at Workplace (POSH)

The Company is committed to providing a safe, respectful, and equitable work environment for all its employees. In compliance with the Sexual Harassment of Women at

Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“POSH Act”), the Company has constituted an Internal Committee (IC) at each of its locations.

The summary of POSH complaints during FY 202526 is as follows:

Particulars	Details
Number of complaints of sexual harassment received in the year	2
Number of complaints disposed of during the year	4 (includes 2 carried forward from previous year)
Number of cases pending for more than ninety days	-
No. of workshops or awareness programs	3

The Company continues to organize awareness sessions and training programmes for employees on the provisions of the POSH Act and the Companys POSH Policy.

21. Corporate Social Responsibility (CSR)

The Companys CSR activities are carried out in accordance with Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014. The CSR Policy of the Company is available on the Companys website.

The Company is required to spend 2% of the average net profits of the preceding three financial years on CSR activities, as per Section 135 of the Act. The details of CSR expenditure and activities during FY 2025-26 are provided in the Annual Report on CSR Activities annexed as Annexure - V.

22. Business Responsibility & Sustainability Report (BRSR)

As required under Regulation 34(2)(f) of the SEBI Listing Regulations, the Business Responsibility and Sustainability Report (BRSR), describing the Companys performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC), forms part of this Annual Report and is available on the Companys website at:

https://www.wonderla.com/investor-relations/business-rRsponsibility-and-sustainability-report.html

23. Particulars of Loans, Guarantees, and Investments

Details of loans granted, guarantees issued, and investments made by the Company during the financial year ended MarcRs.31, 2026, as required under Section 186 of the Companies Act, 2013, are disclosed in the Notes to the Standalone Financial Statements forming part of this Annual Report.

24. Conservation of Energy, Technology Absorption & Foreign Exchange Earnings and Outgo

In accordance with the requirements of Section 134(3) (m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the particulars relating to conservation of energy, technology absorption, and foreign exchange earnings and outgo are provided in Annexure - VI to this Report.

25. Compliance with Secretarial Standards

The Company has duly complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) — SS-1 (Secretarial Standard on Meetings of the Board of Directors) and SS-2 (Secretarial Standard on General Meetings) — as notified under Section 118(10) of the Companies Act, 2013, for the financial year ended MarcRs.31, 2026.

26. Particulars of Employees & Employee Stock Options

26.1 Employee Strength

As on MarcRs.31, 2026, the Company had 871 permanent employees on its rolls. The Company remains committed to building a diverse, skilled, and motivated workforce.

26.2 Remuneration Disclosures

The disclosure of the ratio of remuneration of each Director to the median remuneration of employees, and other prescribed particulars under Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is annexed as Annexure - VII.

The statement of employees in receipt of remuneration of not less than Rs. 1.02 Crore per annum or Rs. 8.5 Lakhs per month, as required under Section 197(12) read with Rules 5(2) and 5(3), is available for inspection at the Registered Office during business hours, 21 days prior to the AGM, and will be provided to shareholders on request. These details are also available on the Companys website.

26.3 Employee Stock Option Scheme (ESOS 2016)

The Company has in place the Employee Stock Option Scheme, 2016 (ESOS 2016), duly approved by the shareholders, to attract and retain talent, and to align employee interests with the long-term growth of the Company. During the year, the Board, on the recommendation of the Nomination and Remuneration Committee, granted 180,780 stock options to eligible employees under ESOS 2016.

A certificate from the Secretarial Auditor confirming that ESOS 2016 has been implemented in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and the resolutions passed by the Members shall be placed before the AGM for inspection.

The disclosures required under Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014, and Regulation 14 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are annexed as Annexure - VIII.

27. Investor Relations

The Company places strong emphasis on fostering effective and transparent investor relations through multiple channels, including quarterly investor presentations, analyst calls, and participation in investor conferences. A dedicated Investor Relations section is maintained on the Companys website:

https://www.wonderla.com/investor-relations/quarterly-investor-presentation.html

28. Inauguration of Chennai Park

During FY 2025-26, Wonderla Holidays Limited marked a landmark milestone in its expansion journey with the inauguration of its fifth amusement park in Chennai, Tamil Nadu. The park was officially inaugurated on December 1, 2025, by Shri M. K. Stalin, Honble Chief Minister of Tamil Nadu, and opened to the public on December 2, 2025.

Location	Old Mahabalipuram Road (OMR), Chennai, Tamil Nadu
Total Area	Approximately 64.3 acres
Total Rides	43 rides (27 land-based, 16 water-based)
Project Cost	Rs. 522.47 crores (budgeted: Rs. 610.93 crores)
Amount Capitalised (as of MarcRs.31, 2026)	Rs. 458.88 crores
Project Duration	21 months

The Chennai park is expected to significantly strengthen Wonderlas presence in South India, enhance tourism inflows, and contribute meaningfully to long-term revenue growth, while generating employment and supporting regional economic development.

29. Launch of The ISLE

During the year under review, the Company successfully launched The ISLE by Wonderla in May 2025, as an expansion to its Resort business in Bengaluru, marking a significant milestone in the Companys strategic journey towards expanding its hospitality and leisure offerings. The ISLE by Wonderla is a premium resort experience designed to complement and enhance the overall guest experience at the Companys flagship amusement park destinations, offering world-class amenities, immersive stay experiences, and seamless integration with the park ecosystem.

The launch of The ISLE reflects the Companys vision to evolve from a pure-play amusement park operator into a comprehensive leisure and entertainment destination, catering to the growing aspirations of families, tourists, and experience-seeking guests. The addition of this hospitality vertical is expected to strengthen guest engagement, increase average revenue per visitor, and contribute positively to the Companys long-term growth trajectory.

The Board is pleased to note the successful commissioning of this venture and looks forward to its continued growth and contribution to the Companys overall performance in the years ahead.

30. Significant and Material Orders Passed by Regulators or Courts

During the financial year ended MarcRs.31, 2026, no significant or material orders have been passed by any Regulator(s), Court(s), or Tribunal(s) impacting the going concern status of the Company or its operations in future.

31. Material Changes and Commitments Affecting the Financial Position

There are no material changes or commitments affecting the financial position of the Company between the end of the financial year ended MarcRs.31, 2026 and the date of this Report.

32. Public Deposits

During the financial year ended MarcRs.31, 2026, the Company has not accepted any deposits from the public or its Members within the meaning of Sections 73 to 76 of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014. Accordingly, no amount of principal or interest was outstanding as on MarcRs.31, 2026.

33. Risk Management

The Company has constituted a Risk Management Committee in accordance with Regulation 21 of the SEBI Listing Regulations. The Risk Management Policy of the Company provides a structured approach to identifying, assessing, monitoring, and mitigating key business risks.

Key risk categories identified and monitored by the Company include:

• Operational Risks: Safety incidents, equipment failure, and park operational disruptions.

• Financial Risks: Foreign exchange fluctuations, liquidity management, and credit risks.

• Regulatory and Compliance Risks: Changes in applicable laws, environment, safety and labour regulations.

• Reputational Risks: Adverse publicity, social media, and customer perception management.

• Strategic Risks: Competitive landscape, new park execution, and market demand variability.

The Risk Management Committee met twice during FY 2025-26 and reviewed the key risks and mitigation measures in place. Details of the Risk Management framework are provided in the Management Discussion & Analysis Report (Annexure - II).

34. Other Disclosures

• Transfer to Reserves: The Company has not transferred any amount to the General Reserve during the financial year under review.

• Annual Return: The Annual Return as required under Section 92(3) of the Companies Act, 2013 is available on the Companys website at: https://www.wondRrla.com/invRstor-relations/ annual-return.html

• Nature of Business: There has been no change in the nature of the Companys business during the year under review up to the date of this Report.

• Insolvency and Bankruptcy Code: No application has been made, nor any proceeding is pending against the Company under the Insolvency and Bankruptcy Code, 2016.

• Cost Records: The Company is not required to maintain cost records as prescribed under Section 148(1) of the Companies Act, 2013.

• Shares with Differential Voting Rights / Sweat Equity: The Company has not issued any shares with differential voting rights or sweat equity shares during the financial year under review.

• Demat Suspense / Unclaimed Shares: Details, as required under Schedule V of the SEBI Listing Regulations, are provided in the Corporate Governance Report (Annexure - I).

• Compliance with applicable Secretarial Standards: Confirmed. See Section 25 above.

35. Acknowledgements & Appreciation

As we embark on the next phase of our journey, the Board of Directors of Wonderla Holidays Limited extends its heartfelt gratitude to all stakeholders who have contributed to its continued success.

To our valued shareholders: Your continued trust, confidence, and unwavering support have been instrumental in our growth. We remain committed to creating sustainable value, both in financial performance and in the memorable experiences we deliver.

To our cherished customers: You remain at the heart of Wonderla. The joy, laughter, and unforgettable memories you create at our parks motivate us every day. We thank you for choosing us as part of your special moments with family and friends.

To our dedicated employees: You are the foundation of Wonderlas success. Your dedication, passion, and commitment bring our vision to life. Every team member plays a vital role in delivering memorable experiences.

To our valued partners, bankers, and vendors: We deeply appreciate the spirit of collaboration and shared purpose that strengthens our partnerships.

To the Regulators and Government Authorities: We thank the Securities and Exchange Board of India, the Ministry of Corporate Affairs, the National Stock Exchange, BSE Limited, and various Central and State Government agencies for their support and guidance.

Looking ahead, we remain optimistic and energized about the future. With ambitious plans for expansion, innovation, and enhanced guest experiences, we are committed to raising the bar in the entertainment industry.

For and on behalf of the Board of Directors of
	Wonderla Holidays Limited
	Arun K Chittilappilly
Place: Bengaluru	Chairman & Managing Director
Date: May 7, 2026	DIN:00036185