PVR Inox board approves share buyback worth up to ₹300 crore; all you need to know

According to a regulatory filing dated August 31, the company’s 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.

Additionally, the board of directors fixed September 4, 2026, as the record date for determining entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback.

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.

“The Buyback Size does not include transaction costs, viz. brokerage costs, fees, turnover charges, applicable taxes such as securities transaction tax, goods and service tax, stamp duty, any expenses incurred or to be incurred for the Buyback like filing fees payable, advisors, legal fees, intermediary fees, public announcement publication expenses, printing, dispatch expenses and other incidental and related expenses,” the filing read.

It further stated that the board or the buyback committee may, one working day before the record date, increase the buyback price and decrease the number of shares proposed to be bought back under the buyback, such that there is no change in the buyback size.

“The board has noted the intention of the promoter and members of the promoter group of the Company to participate in the Buyback,” the firm added.

Shares of PVR Inox closed at ₹1,207.70 per unit on the National Stock Exchange (NSE) on Monday, August 31. However, the buyback was announced after the market closed.

The scrip has fallen 2% in the past week but gained 7% over the month. On a year-to-date (YTD) basis, it has surged nearly 19%.

While the stock hit a 52-week high of ₹1,284.50 apiece on August 25, 2026, it touched a year’s low of ₹907.40 per equity share on March 30, 2026.

PVR Inox has a total market capitalisation of ₹11,842.92 crore as of August 31, 2026, according to data on the NSE.