Party Cruisers Board Approves Fund Raise of Up to ₹30 Crore and Increase in Authorised Share Capital

Party Cruisers Limited convened a Board of Directors meeting on May 12, 2026, during which two significant corporate actions were approved. The meeting, held pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 12:00 PM and concluded at 14:00 PM. The decisions were communicated to the National Stock Exchange of India Limited by Managing Director Mr. Zuzer Hatim Lucknowala (DIN: 00979509).

Fund Raise of Up to ₹30 Crore Through Equity Shares

The board approved an initial proposal for fund raising through the issuance and allotment of equity shares or any other eligible securities. The aggregate fund raise is proposed at up to Rs. 30,00,00,000/- (Rupees Thirty Crore Only). The issuance may be carried out through one or more permissible modes, including:

Private placement

Preferential issue

Rights issue

Qualified institutions placement

Further public offer

Any other method permitted under applicable laws

The proposal is subject to compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and the applicable provisions of the Companies Act, 2013 and rules framed thereunder. The terms of the issue, list of proposed allottees, issue price, and other details are to be disclosed at subsequent board meetings. The issuance will also require shareholders' approval before it becomes effective.

Increase in Authorised Share Capital

The board further approved a proposal to increase the authorised share capital of the company. The following table summarises the key details of the proposed change:

Parameter: Details Existing Authorised Share Capital: ₹12,00,00,000/- comprising 1,20,00,000 equity shares of ₹10/- each Revised Authorised Share Capital: ₹15,00,00,000/- comprising 1,50,00,000 equity shares of ₹10/- each Nature of Amendment: Alteration of Clause V (Capital Clause) of the Memorandum of Association Reason for Alteration: To enable future issue of securities/fund raising and to meet business requirements Approval Required: Shareholders' approval and other statutory/regulatory approvals, consents, or filings Effective Date: Upon shareholders' approval and filing of requisite e-forms with the Registrar of Companies, Ministry of Corporate Affairs

The consequent alteration of Clause V of the Memorandum of Association of the company will become effective upon receipt of shareholders' approval and the filing of the requisite e-forms with the Registrar of Companies, Ministry of Corporate Affairs. The details have been disclosed in accordance with Regulation 30 of the Listing Regulations, read with the relevant SEBI circulars.

Regulatory Compliance and Disclosures

The disclosures pertaining to the increase in authorised share capital have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated July 13, 2023, Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024. Both corporate actions remain subject to the requisite shareholder and regulatory approvals before they can be implemented.

Party Cruisers Limited allotted 4,800 equity shares on May 07, 2026, under its Employee Stock Option Plan 2023 ("PCL ESOP 2023"), pursuant to the exercise of stock options by eligible grantees. The allotment was approved through a circular resolution passed by the company's Nomination and Remuneration Committee on the same date and was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on Paid-Up Share Capital

The allotment resulted in an increase in the company's paid-up share capital. The following table summarises the change in share capital consequent to this allotment:

Particulars: No. of Equity Shares Amount (in Rs) Existing paid-up share capital: 1,19,85,113 11,98,51,130 Post allotment paid-up share capital: 1,19,89,913 11,98,99,130

Key Details of the Allotment

The shares were issued under the PCL ESOP 2023 scheme, which was originally filed with the National Stock Exchange of India Limited on June 14, 2023, under Application No. NSE/LIST/36073. The following table outlines the key parameters of this allotment as disclosed in Annexure I pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021:

Parameter: Details Scheme Name: Party Cruisers Limited Employee Stock Option Plan 2023 (PCL ESOP 2023) Kind of Security: Equity Shares Par Value: Rs. 10/- per Equity Share Date of Issue: May 07, 2026 Number of Shares Issued: 4,800 Equity Shares Distinctive Numbers: From 1,19,85,114 to 1,19,89,913 Exercise Price per Share: Rs. 10/- Premium per Share: N.A. Total Issued Shares After Issue: 1,19,89,913 Equity Shares Total Issued Share Capital After Issue: Rs. 11,98,99,130 Stock Exchange Listed On: National Stock Exchange of India Limited, SME Platform

Lock-In Conditions

The newly allotted shares are subject to a partial lock-in arrangement as detailed below:

50% of the allotted shares shall not be subject to any lock-in.

50% of the allotted shares shall be locked in for 5 years from the date of issue of grant letters, i.e., until September 30, 2029.

All equity shares allotted pursuant to the exercise of stock options shall rank pari-passu with the existing equity shares of the company in all respects. The disclosure was signed by Zuzer Lucknowala, Managing Director (DIN: 00979509), on May 07, 2026.

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