PVR INOX Promoter Ajay Kumar Bijli Pledges 2.5 Lakh Equity Shares to HSBC

Ajay Kumar Bijli, Promoter and Managing Director of PVR Inox Limited, has pledged 2,50,630 equity shares representing 0.26% of the company's share capital to HSBC Invest Direct Financial Services (India) Limited for personal borrowing purposes. The pledge was created on October 31, 2025.

Key Details of the Pledge

Aspect	Details
Number of Shares Pledged	2,50,630
Date of Pledge	October 31, 2025
Purpose of Pledge	Personal Borrowing
Pre-Pledge Encumbered Shareholding	22,93,370 shares (2.34% of total share capital)
Post-Pledge Encumbered Shareholding	25,44,000 shares (2.59% of total share capital)
Bijli's Total Shareholding	54,47,205 shares (5.55% of total share capital)

Following this transaction, Bijli's total encumbered shareholding stands at 25,44,000 shares, which represents 2.59% of the total share capital. Bijli holds 54,47,205 shares in total, constituting 5.55% of the company's share capital.

Regulatory Compliance

The disclosure was made under Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. This pledge creation was reported in compliance with Regulation 31(1) and 31(2) of the SEBI regulations, ensuring transparency in the dealings of company promoters and significant shareholders.

The timely reporting of this transaction to the stock exchanges underscores PVR INOX's commitment to maintaining transparency with its investors and adhering to regulatory requirements.

Shareholders and market analysts often monitor such activities closely as they may provide insights into the financial activities of the company's key promoter.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.80%	-8.05%	+2.82%	+21.71%	-24.68%	-21.78%

In a significant development for the multiplex industry, the Supreme Court has provided interim relief to multiplex operators by staying the Karnataka government's rules that capped cinema ticket prices at ₹200. This decision comes as a respite for cinema chains like PVR Inox , which had challenged the state's price control measures.

Key Points of the Supreme Court's Decision

The court has restrained Karnataka from implementing the price cap until further orders.
The Karnataka High Court has been directed to decide on the multiplexes' plea expeditiously.

Background of the Price Cap

The Karnataka government issued a draft notification under the Karnataka Cinemas (Regulation) (Amendment) Rules, 2025. The key points of this notification were:

Mandated ticket prices for all language films not to exceed ₹200 per show.
The cap was inclusive of entertainment tax.

Industry Response

The price cap was met with strong opposition from various stakeholders in the film industry:

Opposing Parties	Grounds for Opposition
Multiplex Association of India (MAI)	Argued against blanket application
Film Producers	Challenged the amended rules
PVR Inox Shareholders	Cited unreasonableness due to cost variations

The primary argument against the price cap was that a blanket application across all cinemas was unreasonable, given the significant cost variations between multiplexes and single-screen theaters.

Implications for the Industry

This interim stay by the Supreme Court is likely to have significant implications for the multiplex industry in Karnataka. It allows cinema operators to continue setting their own ticket prices while the case is being heard, potentially affecting their revenue streams and operational strategies.

The final decision on this matter will be closely watched by the entertainment industry, as it could set a precedent for similar regulations in other states. For now, the multiplex operators can breathe a sigh of relief as they continue their operations without the imposed price restrictions.

As the case progresses in the Karnataka High Court, all eyes will be on how the balance between consumer interests and business viability is struck in the cinema industry.