Party Cruisers Limited — Important, 23-01-2025: Updates

The Nomination and Remuneration Committee has allotted 52,114 equity shares under the Party Cruisers Employee Stock Option Plans 2022 and 2023. Consequently, the total paid-up share capital of the company increases from ₹11.87 crore to ₹11.92 crore. Following this allocation, the total number of equity shares issued rises to 1,19,26,121.

Notably, half of the shares allotted will be subject to a five-year lock-in period, expiring on September 30, 2027. This move supports the company's strategy of incentivizing employee ownership and aligning interests with shareholder value, providing a positive outlook on retention and motivation within the workforce. Investors should monitor how this stock option plan may impact future performance and shareholder engagement.