As filed · PVR INOX Limited has informed the Exchange about post Buyback Public Announcement.
PVR INOX published its post-buyback public announcement for the tender-offer repurchase of 20,68,965 equity shares. The shares were bought at ₹1,450 each for an aggregate ₹299,99,99,250, excluding transaction costs.
A buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
Prior statements by this company that CapitSignal has recorded changing.
We feel that it will be in the range of around INR350 crores.
Plus we are also prioritizing renovation of a few of our high-value properties, so renovation capex share will be slightly higher this year.
I think on the closures, the screens we have closed in the first quarter were all loss-making screens, and they had been more than 18 to 20 years old.
But I think bulk of our closures for this financial year have already been done in quarter 1. There will be very few closures for the rest of the year.
So normally, a property takes about 12 to 18 months to mature. So the properties which were opened in financial year '24 and in financial year '25, they saw their full run of operations in financial year '26.
Both the vintages of '24 and '25 are operating at very healthy margins. I would say, better than the company level margins.
