PVR Inox532689Buyback completion

Buyback completed: 20,68,965 shares bought back at ₹1,450 each for ₹299,99,99,250; offer 16.42x subscribed

The tender-offer buyback is done.

By ScoutQuest · Mon 28 Sep 2026, 4:56 PM IST · 2 min read

9,81,99,962Equity shares pre buyback

Equity shares buyback9,61,30,997

Shares bought back20,68,965

Equity shares pre buyback 9,81,99,962: Equity shares buyback 9,61,30,997, Shares bought back 20,68,965.

Shares Bought Back: 20,68,965 equity shares
Buyback Price: ₹1,450 per share
Total Amount Used: ₹299,99,99,250 (excluding transaction costs)
Subscription Ratio: 16.42 times oversubscribed
Post-Buyback Paid-up Equity: 9,61,30,997 shares (from 9,81,99,962 shares)

What happened

PVR INOX has published its post buyback public announcement, confirming the buyback is complete.

Shares bought back: 20,68,965 fully paid-up equity shares of face value ₹10 each.
Buyback price: ₹1,450 per equity share, paid in cash.
Amount utilised: ₹299,99,99,250, excluding transaction costs.
Maximum buyback size announced: Rs. 300,00,00,000.
Route: tender offer through the stock exchange mechanism, on a proportionate basis; BSE was the designated stock exchange.

Timeline

Record date: September 4, 2026.
Tendering period: opened September 10, 2026 and closed September 17, 2026.
Acceptance/rejection communication dispatched and settlement completed on September 24, 2026.
Extinguishment of the accepted shares is under process and to be completed on or before October 6, 2026.

Response from shareholders

The registrar considered 41,274 valid applications for 3,39,75,734 equity shares — a subscription of about 16.42 times the maximum shares proposed to be bought back.

General category: 33,135,473 valid shares received against 1,758,620 shares available, i.e. 18.84 times.
Small shareholder category: 840,261 valid shares received against 310,345 shares available, i.e. 2.71 times.
164 bids for 23,878 shares were not considered as those bidders were not shareholders on the record date.
No physical shares were tendered.

A heavy oversubscription means only a small proportion of each shareholder's tendered shares was accepted.

Capital structure effect

Issued, subscribed and paid-up equity before buyback: 9,81,99,962 equity shares (₹98,19,99,620).
After completion: 9,61,30,997 equity shares (₹96,13,09,970), subject to extinguishment.

The buyback represented 4.09% and 4.07% of paid-up equity capital and free reserves on a standalone and consolidated basis respectively as per FY ended March 31, 2026 audited financials, and up to 2.11% of the total number of equity shares as of March 31, 2026.

Shareholding pattern

Promoters and promoter group, along with persons acting in concert: 27.53% pre buyback, 27.60% post buyback.
Promoter shares move from 2,70,34,066 to 2,65,31,866.
Others together hold 72.40% post buyback.

Since fewer shares remain outstanding, each remaining share represents a slightly larger slice of the company.

Largest tenders accepted

GFL Limited: 300,144 shares, 14.51% of shares bought back.
Nippon India Nifty Small Cap 250 Index Fund: 232,688 shares, 11.25%.
HDFC Retirement Savings Fund – Equity Plan: 145,663 shares.
Kotak Small Cap Fund: 114,620 shares.
Ajay Kumar Bijli: 95,907 shares; Sanjeev Kumar: 77,897 shares.
The 17 shareholders listed together accounted for 1,333,586 shares, or 64.46% of the buyback.

DAM Capital Advisors Limited acted as manager to the buyback and KFin Technologies Limited as registrar.

27.6%Promoter holding buyback

Promoter holding buyback: 27.60%.

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