PVR INOX Board Approves Buyback of 20.68 Lakh Shares Up to ₹300 Crore

PVR INOX Limited's Board of Directors, in a meeting held on August 31, 2026, has approved a buyback of up to 20,68,965 fully paid-up equity shares, representing 2.11% of the company's total paid-up equity share capital. The buyback will be conducted at a price of ₹1450 per equity share for an aggregate amount not exceeding ₹300 crore. This buyback size represents 4.09% and 4.07% of the company's paid-up equity share capital and free reserves as of March 31, 2026, on a standalone and consolidated basis, respectively.

The buyback will be executed through the "tender offer" route, and the record date for determining eligible shareholders is Friday, September 4, 2026. The buyback period will commence from the date of the board resolution approving the buyback until the payment of consideration to shareholders who have accepted the offer.

The company has confirmed that the buyback will be funded through current cash and cash equivalents, proceeds from investment disposal, and/or internal accruals, and not from borrowed funds. The board has also taken on record the intention of promoters and the promoter group to participate in the buyback. The buyback is subject to necessary approvals from regulatory authorities, including SEBI and RBI, and will not result in the delisting of equity shares from the stock exchanges. The company also confirmed compliance with all relevant regulations, including maintaining minimum public shareholding requirements and not breaching loan covenants.