Party Cruisers Limited’s board has approved a proposal to raise funds up to ₹24 Crore through a rights issue of equity shares. The decision was taken during a board meeting held on Friday, June 19, 2026, to bolster the company’s capital base. The issue will be open to eligible equity shareholders as on a record date to be notified later, subject to regulatory approvals.

The rights issue involves the issuance and allotment of equity shares with a face value of ₹10 each. The aggregate amount for the issuance will not exceed ₹24 Crore. The detailed terms, including the issue price, rights entitlement ratio, record date, and timing of payment, will be determined by the Rights Issue Committee in due course.

Rights Issue Committee Constitution

The board constituted a Rights Issue Committee to oversee the process. The committee comprises:

• Mr. Zuzer Hatim Lucknowala, Managing Director
• Mr. Firoz Lucknowala, Director & Chief Financial Officer
• Ms. Rachana Lucknowala, Managing Director
• Mr. Sameer Prem Bhagat, Non-Executive Independent Director

Key Appointments and Approvals

The board appointed M/s. Brickwork Ratings India Private Limited as the Monitoring Agency and M/s. Kfin Technologies Private Limited as the Registrar to the Rights Issue. Additionally, the board approved the notice for convening an Extra-Ordinary General Meeting to seek shareholder approval for increasing the authorised share capital of the company. Ms. Zalak Bhavik Mehta, proprietor of M/s. Zalak Mehta & Associates, was appointed as the Scrutinizer for the meeting.

Party Cruisers Limited has appointed M/s. Rahul Pramod & Co. as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on May 27, 2026, ensuring compliance with internal audit requirements for listed companies.

The appointment follows the provisions of Section 138 read with Rule 13 of the Companies (Accounts) Rules 2014. The firm brings 36 years of experience in areas including audit and assurance, direct and indirect taxation, and corporate advisory services.

Board Meeting Details

The meeting commenced at 04.00 P.M. and concluded at 05.55 P.M. on May 27, 2026. The approval was intimated to the National Stock Exchange of India Limited under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Internal Auditor Profile

M/s. Rahul Pramod & Co. is led by a team of five professionals, including three Chartered Accountants and two MBAs. The firm operates from its office in Andheri East, Mumbai, and a branch office in Vashi.