Wonderla Holidays has accepted the resignation of Mahesh M B, who served as Assistant Vice President – Procurement & Stores, effective July 31, 2026. The company disclosed the personnel change to stock exchanges on July 30, 2026, stating that Mahesh stepped down on personal grounds. This leadership transition within the procurement function marks a change in the operational structure for one of India’s leading theme park operators.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The notification was submitted by Srinivasulu Raju Yellamraju, Company Secretary of Wonderla Holidays Limited, and digitally signed on July 30, 2026.

Resignation Details

Mahesh M B formally tendered his resignation via email on May 7, 2026, addressing Dheeran Singh Choudhary and Arun Chittilappilly, with Raksha Sriram and Jaya Prakash copied on the communication. In his resignation letter, Mahesh confirmed that July 31, 2026, would be his last working day. He attributed his decision to step away from the organization to personal reasons, noting that the choice was not easy given the company’s role in his professional growth.

Mahesh expressed gratitude to the management and team for their support and guidance during his tenure. He committed to ensuring a smooth handover of responsibilities during the notice period between May and July 2026.

Regulatory Compliance

Wonderla Holidays Limited filed the update with both the BSE Limited (Scrip Code: 538268) and the National Stock Exchange of India Limited (Symbol: WONDERLA). The filing included an affirmation as per SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, regarding the enforcement of SEBI orders on director appointments, which was marked as not applicable in this instance. No relationships between directors were disclosed, as this pertained to an executive-level resignation rather than a board appointment.

Wonderla Holidays has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026, disclosing a standalone turnover of ₹55,107.90 Lakhs and a net worth of ₹1,79,689.68 Lakhs. The amusement park operator, which operates facilities in Karnataka, Kerala, Telangana, Odisha, and Tamil Nadu, highlighted significant strides in environmental sustainability, noting that approximately 40% of its power requirements are now met through company-owned captive solar power plants. The report underscores a strong safety record with zero fatalities and no monetary or non-monetary charges from regulators during the fiscal year.

The filing, submitted to the Bombay Stock Exchange and the National Stock Exchange of India Limited, provides a comprehensive overview of the company’s adherence to the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). Wonderla’s operations, which account for 95% of turnover from amusement parks and 5% from resorts, employ a workforce of 871 permanent employees and 2,735 workers. The Board of Directors comprises seven members, including two women, representing 28.57% female representation. The Risk Management and ESG Committee, chaired by independent director K Ullas Kamath, oversees the implementation of these sustainability policies.

Environmental Sustainability and Energy Management

Wonderla identified energy efficiency and water management as critical material issues due to the energy-intensive nature of the amusement park industry and water scarcity concerns in operating regions. To mitigate carbon footprints, the company has installed solar power plants across its key locations:

Regarding water stewardship, the company utilizes rainwater harvesting ponds with a capacity of 427 Lakhs liters for daily consumption needs. Recycled water from pools and restaurants is reused at 100%, while sewage treatment plant output is fully utilized for gardening and irrigation. Air emissions were monitored at all five park locations, with assessments conducted by State Pollution Control Board-approved agencies such as Madhav Associates and Vision Lab.

Employee Well-being and Safety Metrics

The report details robust occupational health and safety frameworks, certified under ISO 45001:2018. Wonderla maintains a Lost Time Injury Frequency Rate (LTIFR) of 0.26 per million person-hours worked for employees and 0.30 for workers in the current fiscal year. The company conducted performance reviews for 80% of male employees and 80% of female employees. Training programs covered 100% of the Board and Key Managerial Personnel on Prevention of Sexual Harassment (POSH), with broader health and safety training extended to the wider workforce.

Corporate Social Responsibility and Governance

Wonderla spent ₹363.86 Lakhs on Corporate Social Responsibility (CSR) initiatives in designated aspirational districts across Kerala, Telangana, Karnataka, Odisha, and Tamil Nadu. Key projects included STEM lab installations in schools, medical camps, and infrastructure support for local communities. The company affirmed compliance with all applicable environmental laws, including the Water and Air (Prevention and Control of Pollution) Acts, and reported no instances of anti-competitive conduct or data breaches involving personally identifiable information.

What the Numbers Show

The divergence between the company’s substantial net worth of ₹1,79,689.68 Lakhs and its turnover of ₹55,107.90 Lakhs suggests a capital-intensive business model with significant retained earnings or asset valuation, typical of asset-heavy leisure operators. The shift toward renewable energy, covering 40% of power needs, directly addresses the primary operational risk of energy intensity, potentially stabilizing long-term cost structures against volatile grid electricity prices. Furthermore, the zero-fatalty record and ISO certifications reinforce brand equity in a sector where safety perception is paramount to customer retention.