PVR INOX shares gain over 7% after firm announces updated buyback date; check key details

In a regulatory filing, the multiplex operator said that it has filed its Letter of Offer dated September 7, 2026, in relation to the buyback of securities. The buyback will now open on September 10, 2026, and close on September 17, 2026.

The company’s board of directors had approved the proposal for a buyback of equity shares up to ₹300 crore, on a proportionate basis, through the tender offer route.

According to a regulatory filing dated August 31, the board of directors approved the proposal for a buyback of up to 20.69 lakh fully paid-up equity shares, with a face value of ₹1 each, at a price of ₹1,450 apiece. The buyback proposal, payable in cash, aggregates to an amount not exceeding ₹300 crore (buy back size), which represents 4.09% and 4.07% of the aggregate of the company’s fully paid-up equity share capital and free reserves, respectively.

Its board also appointed DAM Capital Advisors Limited, a SEBI-registered merchant banker, as the manager of the buyback.

Furthermore, the company constituted a committee called “Buyback Committee” and delegated its powers to “do such acts, deeds, matters, and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in relation to the proposed buyback."

It also appointed Murlee Manohar Jain, Company Secretary, as the compliance officer for the purposes of the proposed buyback.

Kickback verification

PVR INOX said that in early April 2026, its two promoters received anonymous communications containing allegations of impropriety by certain employees. The company added that the communications did not explicitly name Pramod Arora and did not provide specific actionable details, such as instances, dates or names of developers allegedly involved in providing kickbacks.

“Despite the communications being anonymous and bereft of verifiable details, as a measure of good corporate governance, the Company engaged external third-party experts to conduct a preliminary assessment,” PVR Inox said. “The company wishes to clarify that Mr. Arora was not asked to leave. The preliminary examination also did not indicate any evidence of kickbacks,” it added.

PVR INOX share price trends

At 11:16 AM, PVR Inox shares were trading at ₹1,236.1 apiece on the National Stock Exchange, gaining 6.88%.

From the beginning of the year, PVR INOX shares have gained 22%. Over a month’s time, the stock has surged 8%, while for a six-month period, it has jumped 21%.

Shares of the firm had hit a 52-week high of ₹1,284.50 on August 25, 2026, and a 52-week low of ₹907.40 on March 30, 2026.

According to NSE data, as of September 8, 2026, PVR Inox has a total market capitalisation of ₹12,134.57 crore.