|The Company was incorporated on April 26, 1995 under the
Companies Act as 'Priya Village Roadshow Limited' and obtained
a certificate of commencement of business on December 4, 1995.
On June 28, 2002 the name of our Company was changed from
'Priya Village Roadshow Limited' to 'PVR Limited' consequent to
the exit of Village Roadshow Limited from our Company. We also
changed our registered office within the same state from 50, West
Regal Building, Connaught Place, New Delhi 110 001 to 61, Basant
Lok, Vasant Vihar, New Delhi 110 057. The change in registered
office has been approved by resolution of our Board on August 5,
A chronology of some key events since the Company was incorporated is
set forth below:
Calendar Year Event
November, 1994 Joint venture agreement executed between Village
Roadshow Limited, Australia and PEPL.
April, 1995 Our Company was incorporated as a joint venture
between Village Roadshow Limited and PEPL.
February, 1996 1,199,300 Equity Shares of our Company issued to
Ajay Bijli Motor Finance Limited., which company is
currently called BIPL (our Promoter).
June, 1997 Opened India's first Multiplex Cinema PVR Anupam, a
four-screen cinema, at Saket, New Delhi.
June, 1997 Computerized box office operations by selling
computerized tickets at our cinema, PVR Anupam.
January, 2000 Commenced single-screen cinema PVR Priya at
Vasant Vihar, New Delhi.
August, 2001 Opened a four -screen Multiplex Cinema, PVR Naraina
in New Delhi.
November, 2001 Opened a three-screen Multiplex Cinema, PVR Vikaspuri
in New Delhi.
November, 2002 PEPL acquired the entire share holding held by
Village Roadshow Limited in our Company.
May, 2003 WITEC, in its capacity as Trustee of India Advantage
Fund - I, a trust registered under the Indian Trusts
Act, 1882 and acting through its investment manager
ICICI Venture Funds Management Company Limited, agreed
to acquire 38.45% stake in our Company by way of
purchase of Equity Shares from BIPL and by way of
subscription to a fresh issue of Equity Shares made by
the Company. WITEC also subscribed to optionally
convertible debentures issued by our Company.
May, 2003 Opened a seven-screen Multiplex Cinema, PVR Gurgaon
at the Metropolitan mall, Gurgaon, Haryana.
November, 2004 Opened India's largest Multiplex Cinema, PVR Bangalore,
with eleven screens at the Forum mall, Koramangla,
May, 2004 Opened PVR Plaza, a single-screen cinema with a
heritage ambience at Connaught Place, New Delhi
November, 2004 Commenced operations at the first multiplex under the
management fees/franchise model - PVR SRS, a three
screen Multiplex Cinema at SRS mall, Faridabad,
March, 2005 The optionally convertible debentures issued to WITEC
were converted into equity shares of the Company.
March, 2005 Opened our tenth Multiplex Cinema, PVR EDM, a
three-screen cinema at East Delhi mall, Uttar Pradesh.
-PVR Ltd, a multiplex cinema operator, has fixed its IPO price at Rs 225
-PVR Ltd has appointed Mr. Sanjay Khanna as an Additional Director on the Board of the Company w.e.f. April 15, 2008 to fill the casual vacancy caused due to the resignation of Mr. Amit Burman from the Board of the Company on January 24, 2008.