The Board of Wonderla Holidays at its meeting held on 07 October 2020 has accepted the retirement of Kochouseph Chittilappilly, Promoter and Non-Executive Director. The Board has decided to appoint him as 'Chairman Emeritus' with immediate effect to continue to avail his knowledge, expertise and services in an advisory and mentoring role.

The Board also approved the resignation of George Joseph from the officeof Joint Managing Director with immediate effect and re-designated him as Non-Executive Non-Independent Director.

The post-pandemic era needs a fresh re-imagining of the entire business model, including an enterprise-wide digital transformation that would impact effectiveness and efficiencies across every function and department. Additionally, customer experiences will have to bevirtual as well as physical, which requires a totally new set of capabilities.

Considering the above, the Board, based on the recommendation of the Nomination and Remuneration Committee and subject to approval of Members, appointed Arun K Chittilappilly, Whole-time Director, as Managing Director with immediate effect.

To provide smooth transition for Arun's re-entry, as well as guide and help the Company in digital business transformation and recovery from the pandemic effects, the Board has approved to designate R. Lakshminarayanan, Non-Executive and NonIndependent Director, as the Non-Executive Vice Chairman.

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Wonderla Holidays has launched their new plant nursery venture under the brand name 'Wonder Garden' in Kochi, opposite to Wonderla Kochi Park, Pallikkara.

Wonder Garden offers a wide range of top quality flowering plants, fruit plants, ornamentalplants, indoor plants, pots, seeds, etc. at very attractive rates.

Wonder Garden also undertakes setting up of customized gardens for houses, flats and officespaces as per the requirement of customers.

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Wonderla Holidays would be launching tomorrow their new food takeaway and home delivery outlet under the brand name “Wonder Kitchen” at Vanasthalipuram, Hyderabad.

Wonderla Holidays announced their business foray into food takeaway and home delivery division earlier this year in June 2020 with the launch of the first Wonder Kitchen outlet located at Kengeri, Bangalore. After the successful run of Kengeri outlet, Wonder Kitchen opened 2nd Outlet in Rajarajeshwari Nagar, Bangalore and 3rd Outlet in Kakkanad at Kochi/Kerala. Wonder Kitchen - Vanasthalipuram is the fourth outlet in the chain of food takeaway outlets launched by Wonderla Holidays.

Wonder Kitchen is a multi-cuisine cloud-kitchen serving vegetarian and non-vegetarian dishes and has also partnered with Swiggy and Zomato for online orders and home delivery apart from takeaway. The outlet will operate from 12.00 PM to 10 PM and will do FREE home delivery within 5 km radius of the outlet.

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Net loss of Wonderla Holidays reported to Rs 14.51 crore in the quarter ended June 2020 as against net profit of Rs 42.03 crore during the previous quarter ended June 2019. Sales declined 99.98% to Rs 0.02 crore in the quarter ended June 2020 as against Rs 117.56 crore during the previous quarter ended June 2019.

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