Party Cruisers Limited Allots 4,800 Equity Shares Under Employee Stock Option Plan 2023
Party Cruisers Limited allotted 4,800 equity shares on May 07, 2026, under its PCL ESOP 2023 scheme, following a circular resolution by the Nomination and Remuneration Committee. The allotment increased the total paid-up share capital to Rs. 11,98,99,130, comprising 1,19,89,913 equity shares. Shares were issued at an exercise price of Rs. 10/- per share, with 50% subject to a lock-in until September 30, 2029. The newly allotted shares rank pari-passu with existing equity shares of the company.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Party Cruisers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.88% | +5.31% | +8.03% | +25.69% | -1.84% | +367.88% |
How many stock options remain unexercised under the PCL ESOP 2023 scheme, and what is the potential dilution impact if all remaining options are exercised?
How might the 5-year lock-in period on 50% of the newly allotted shares influence employee retention and future talent acquisition strategies at Party Cruisers Limited?
Given that the exercise price is at par value of Rs. 10 per share, how does this compare to the current market price on NSE's SME platform, and what does this imply about employee wealth creation?
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