Company History: 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 2005.Major events:
A chronology of some key events since the Company was incorporated isset forth below:
Calendar Year Eventand Month
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 Bangalore.
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 Haryana.
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.
2005
-PVR Ltd a multiplex cinema operator has fixed its IPO price at Rs 225
2008
-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.
