Party Cruisers Limited is implementing a new software solution to strengthen its compliance framework under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The company is currently configuring the system, migrating data, and updating records to ensure seamless adherence to Regulations 3(5) and 3(6) of the SEBI norms. This move underscores the firm's commitment to maintaining high standards of regulatory compliance and corporate governance.

The new software is intended to streamline the compliance mechanisms required under the regulations. Management stated that the implementation process is underway and that all necessary steps are being taken to make the software fully operational at the earliest. The initiative focuses on enhancing the monitoring and reporting capabilities related to insider trading prevention.

Regulatory Context

The implementation aligns with the requirements of Regulation 3(5) and 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. These provisions mandate specific structural and procedural compliance measures to prevent insider trading. The software solution is designed to facilitate the company's adherence to these amended regulations.

Implementation Status

The company confirmed that the process involves updating requisite data and records to support the new system. Zuzer Hatim Lucknowala, Managing Director, signed the intimation regarding the software deployment on July 01, 2026.

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.