PVR INOX Limited promoter Sanjeev Kumar has submitted a disclosure to stock exchanges confirming that no encumbrance was created on his shareholding during the financial year ended March 31, 2026.
The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sanjeev Kumar declared that he has not made any encumbrance, directly or indirectly, on his shares held in the multiplex operator during the fiscal year.
The disclosure letter, dated April 7, 2026, was addressed to the National Stock Exchange of India and BSE Limited. The exchanges received the intimation on June 3, 2026 after market hours. A copy of the communication was also submitted to the audit committee of PVR INOX Limited at the registered office at Lotus Grandeur Building in Andheri West, Mumbai.
Regulation 31(4) of the SEBI takeover regulations requires promoters to make an annual disclosure on encumbrances created on their shareholding. A nil disclosure means that the promoter's shares were not pledged, liened, or used as collateral against any loan or financial obligation during the financial year.
Under the SEBI takeover code, encumbrance includes pledge, lien, or any other form of charge on shares created by the promoter. The disclosure requirement was introduced to improve transparency in promoter shareholding patterns for public shareholders. Promoters are required to submit this disclosure annually within the specified timeline.
Sanjeev Kumar is among the promoters of PVR INOX Limited. PVR INOX Limited is the largest multiplex chain operator in India by screen count, with theatres operating across the country.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.