Wonderla Holidays Limited has formally announced the closure of its trading window for designated persons, effective from July 1, 2025. This measure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and precedes the company's announcement of its financial results for the quarter ending June 30, 2025. The trading window is scheduled to reopen 48 hours after the public disclosure of these quarterly financial results.
| Particulars | Details |
|---|---|
| Company Name | Wonderla Holidays Limited |
| Action | Intimation of closure of trading window |
| Reason for Closure | Pending announcement of financial results for the quarter ended June 30, 2025 |
| Trading Window Closure Start Date | July 1, 2025 |
| Trading Window Reopening | 48 hours after the announcement of financial results for the quarter ended June 30, 2025 |
| Applicable To | Designated persons of the Company |
| Governing Regulation | Clause 4 of Schedule B of SEBI (Prohibition of Insider Trading) Regulations, 2015, read with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 |
| Company's Internal Code | Code of conduct for prevention of insider trading and code of practices and procedures for fair disclosure of unpublished price sensitive information |
| BSE Scrip Code | 538268 |
| NSE Symbol | WONDERLA |
| Date of Intimation | June 18, 2025 |
Detailed Analysis of Trading Window Closure
Wonderla Holidays Limited, in a communication dated June 18, 2025, has informed the stock exchanges about the impending closure of its trading window. This proactive step is a standard corporate governance practice aimed at preventing any potential insider trading activities before the official announcement of financial results, which are considered unpublished price-sensitive information (UPSI).
Regulatory Framework and Compliance
The decision to close the trading window is in strict adherence to Clause 4 of Schedule B of the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015. These regulations, further augmented by the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, mandate that companies must specify a trading window closure period for designated persons when they are expected to be in possession of UPSI.
Wonderla Holidays Limited has its own "Code of conduct for prevention of insider trading and code of practices and procedures for fair disclosure of unpublished price sensitive information," framed pursuant to these SEBI regulations. The closure aligns with this internal code, ensuring that all designated persons are restricted from dealing in the company's securities during this sensitive period. The primary objective of these regulations is to promote fair trading in the securities market and to protect the interests of investors by preventing abuse of UPSI.
Scope and Duration of the Closure
The trading window will remain closed specifically for "designated persons" of Wonderla Holidays Limited. While the notification does not explicitly list these individuals, "designated persons" typically include promoters, directors, key managerial personnel, and other employees or connected persons who have access to or are reasonably expected to have access to UPSI.
The closure will commence on July 1, 2025. The window will reopen 48 hours (two trading days) after the company makes public its financial results for the quarter concluding on June 30, 2025. This "cooling-off" period ensures that the market has sufficient time to absorb the financial results before designated persons can resume trading in the company's securities.
Significance of the Trading Window Mechanism
The trading window mechanism is a critical component of a robust corporate governance framework. By restricting trading by insiders during periods when UPSI is being finalized and is yet to be disseminated publicly, companies like Wonderla Holidays Limited aim to:
- Prevent Insider Trading: It mitigates the risk of individuals with privileged information trading on that information to their advantage, which is illegal and unethical.
- Ensure Fair Disclosure: It supports the principle that all market participants should have simultaneous access to material information.
- Maintain Market Integrity: Such practices bolster investor confidence in the fairness and transparency of the securities market.
- Uphold Regulatory Compliance: Adherence to SEBI's PIT Regulations is mandatory and helps avoid penalties and reputational damage.
The announcement of quarterly financial results is a key event that can significantly impact a company's stock price. Therefore, the period leading up to this announcement is considered sensitive, necessitating the closure of the trading window.
Company Information
Wonderla Holidays Limited is a well-known name in the amusement park and resort industry. The company's registered office is located at 28th KM, Mysore Road, Bengaluru-562 109. Its Corporate Identification Number (CIN) is L55101KA2002PLC031224. The company can be contacted via phone at 080 37230372 or email at mail.blr@wonderla.com, and its official website is www.wonderla.com.
Wonderla operates several parks and resorts across India:
- Wonderla Kochi Park: Palli kkara, Kumarapuram P.O., Kochi-683 565. Ph: 0484 2684001, Email: mail.cok@wonderla.com.
- Wonderla Bengaluru Park: 28th KM, Mysore Road, Bengaluru-562 109. Ph: 080 37230300, Email: mail.blr@wonderla.com.
- Wonderla Hyderabad Park: ORR Exit No. 13, Ravirala Post, Hyderabad-501510. Ph: 040 23490300, Email: mail.hyd@wonderla.com.
- Wonderla Bengaluru Resort: 28th KM, Mysore Road, Bengaluru-562 109. Ph: 080 35073965, Email: resort.blr@wonderla.com.
The intimation to the stock exchanges was signed by Srinivasulu Raju Yellamraju, Company Secretary of Wonderla Holidays Limited.
Stock Exchange Disclosures and Market Impact
This intimation has been duly filed with The General Manager, Listing Department, Bombay Stock Exchange Limited (BSE), where Wonderla Holidays' Scrip Code is 538268, and The Vice President, Listing Department, National Stock Exchange of India Limited (NSE), where its symbol is WONDERLA.
The closure of the trading window is a routine compliance measure and is generally not expected to have a direct, immediate impact on the company's stock price. It is a procedural announcement indicating that the company is preparing to release significant information (financial results). Market participants and investors will now keenly await the announcement of Wonderla Holidays' financial performance for the quarter ended June 30, 2025, which will provide insights into the company's operational efficiency and profitability during the period. The actual financial results, once disclosed, will likely be a key driver for the stock's performance.
