Party Cruisers Limited Approves Rs 30 Crore Fund Raise and Increase in Authorized Capital
Party Cruisers Limited announced significant corporate actions following the outcome of its Board of Directors meeting held on Tuesday, May 12, 2026. The Board approved plans for raising funds through the issuance of equity shares and concurrently increased the company's authorized share capital.Under the outcome of the Board Meeting, the company confirmed an initial proposal for fund raising aggregating up to Rs. 30,00,00,000/- (Rupees Thirty Crore Only). This fund raise can be executed by issuing and allotting equity shares or any other eligible securities through permissible modes. These methods include private placement, preferential issue, rights issue, qualified institutions placement, further public offer, or any other method permitted under applicable laws.
The terms of the issue, the list of proposed allottees, and the issue price will be disclosed at subsequent Board meetings. The successful execution of this issuance remains subject to shareholder approval.
Increase in Authorised Share Capital
In addition to the fund raise, the Board approved a proposal to increase the company’s Authorized Share Capital. This action involves the consequent alteration of Clause V of the Memorandum of Association of Party Cruisers Limited.The authorized capital is set to increase from the existing structure to a revised limit, enabling the company to meet its business requirements and undertake future security issuances.
A detailed comparison of the share capital structure approved by the Board is presented below:
| Particulars | Existing Authorised Capital | Revised Authorised Capital |
|---|---|---|
| Total Value | ₹12,00,00,000/- (Rupees Twelve Crores only) | ₹15,00,00,000/- (Rupees Fifteen Crores only) |
| Shares | 1,20,00,000 equity shares of ₹10/- each | 1,50,00,000 equity shares of ₹10/- each |
The increase in Authorized Share Capital is subject to the approval of the shareholders and all necessary statutory consents and permissions.
PARTYCRUS Stock Price Movement
Shares of Party Cruisers Limited today slipped by 1.03% in post-market trading, settling at ₹95.95. Despite a trading volume of 17,000 shares, the stock remains significantly below its 52-week high, which stood at ₹100.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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