PVR Inox promoter Sanjeev Kumar and persons acting in concert (PACs) sold 5,02,200 equity shares through the company’s recently completed buyback program. The disposal was disclosed under SEBI SAST Regulation 29(2) on September 28, 2026, confirming the sale of 77,897 shares by Kumar himself as part of the broader promoter group exit.

The buyback, which aggregated to ₹299.99 crore, involved the repurchase of 20,68,965 fully paid-up equity shares at ₹1,450 per share. The tendering period ran from September 10, 2026, to September 17, 2026, with settlement completed by the Indian Clearing Corporation Limited on September 24, 2026. The total amount utilized for the buyback was ₹299,99,99,250, excluding transaction costs such as brokerage fees, taxes, and intermediary charges.

Promoter Group Disposal Details

The disclosure highlights the specific participation of the Bijli-Jain family and associated entities in the buyback. While the absolute number of shares held by the promoter group decreased from 2,70,34,066 to 2,65,31,866, their percentage stake in the company increased from 27.53% to 27.60% due to the reduction in total outstanding shares.

Subscription and Settlement Details

The Registrar to the Buyback, KFin Technologies Limited, received 41,274 valid applications for 33,975,734 equity shares. This resulted in an overall subscription of approximately 16.42 times the maximum number of shares proposed for buyback. The General Category witnessed the highest demand, with bids exceeding available shares by 18.84 times, while the Small Shareholder Category saw a subscription rate of 2.71 times.

Direct funds payout was made to eligible shareholders whose shares were accepted. The extinguishment of the bought-back shares is currently under process and is scheduled to be completed on or before October 6, 2026.

Capital Structure Impact

Following the buyback, the issued, subscribed, and paid-up equity share capital will decrease from ₹98,19,99,620 to ₹98,19,99,620, subject to final extinguishment. The authorized share capital remains unchanged at ₹2,94,50,98,800. The buyback represented up to 2.11% of the total number of equity shares in the existing paid-up equity share capital as of March 31, 2026.

What the Numbers Show

The data reveals a significant divergence in participation between retail and institutional investors. While the overall subscription was robust at 16.42 times, the General Category (larger holdings) was oversubscribed nearly seven times more heavily than the Small Shareholder Category (18.84x vs 2.71x). This suggests that larger shareholders were significantly more eager to exit or reduce their stake at the offered price compared to smaller retail investors, who participated at a much lower intensity relative to their reserved quota.

Major institutional holders accounted for a substantial portion of the accepted shares. GFL Limited alone had 3,00,144 shares accepted, representing 14.51% of the total buyback volume. Nippon Life India Trustee Ltd followed with 2,32,688 shares (11.25%). Together, the top 16 listed shareholders accounted for 64.46% of the total equity shares bought back, indicating a concentrated exit from specific large funds and entities.

PVR INOX Limited completed its first institutional investor meeting in Hong Kong on September 28, 2026. The company’s senior management engaged in physical one-to-one sessions with key global investors as part of its scheduled roadshow.

This update follows the initial disclosure filed on September 22, 2026, which outlined meetings in both Hong Kong and Singapore. The filing with the National Stock Exchange of India Limited and BSE Limited was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting schedule and status

The roadshow commenced in Hong Kong before moving to Singapore. All sessions are confirmed as physical one-to-one meetings starting at 9:00 am local time. The Hong Kong leg is now complete, while the Singapore engagement remains scheduled for the following day.

Compliance and disclosures

The company explicitly stated that no unpublished price sensitive information was shared during the Hong Kong interactions. This ensures compliance with market integrity norms while allowing investors to review publicly available data.

An investor presentation is available on the company website for reference. The latest disclosure regarding the completed meeting was signed by Murlee Manohar Jain, Senior Vice President - Company Secretary & Compliance Officer.