Mumbai, September 7, 2026 (Yes Punjab News)
Multiplex operator PVR INOX Limited on Monday said a preliminary assessment into allegations of impropriety involving certain employees found no evidence of kickbacks, following reports of an internal probe into alleged irregularities worth Rs 200 crore.
In a stock exchange filing, the company said its two promoters received anonymous communications in early April 2026 alleging impropriety by certain employees. The communications did not specifically name former senior executive Pramod Arora, but referred to certain acronyms and initials.
PVR INOX said the communications did not contain specific or actionable details, such as instances, dates or the names of developers allegedly involved in providing kickbacks.
The promoters subsequently forwarded the communications to the company for consideration under its established policies. Despite the anonymous nature of the allegations and the lack of verifiable details, PVR INOX said it engaged external third-party experts to conduct a preliminary assessment as part of its corporate governance practices.
The company has now clarified that the preliminary examination did not indicate any evidence of kickbacks.
The clarification also comes against the backdrop of Arora’s departure from PVR INOX. According to the company, Arora resigned on May 4, 2026, citing personal reasons. His resignation was accepted subject to his continuing obligations towards the company, with PVR INOX reserving all its rights and remedies.
The multiplex operator further clarified that Arora was not asked to leave the company. His departure was subsequently communicated to the stock exchanges through an intimation dated May 25.
PVR INOX reiterated that it has established policies, processes and internal controls governing its operations and relationships with stakeholders.
Meanwhile, shares of PVR INOX came under pressure on Monday amid investor reaction to the reports and the company’s clarification. The stock closed at Rs 1,157.40 on the BSE, down Rs 69.70, or 5.68 per cent.
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