In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please note that ICRA rating assigned to the Commercial Paper programme of PVR Limited has been withdrawn by ICRA Limited as Company does not have any outstanding Commercial Paper.
Please find enclosed the withdrawal letter issued by ICRA Limited, the Credit Rating Agency.
This is for your information and records.
Thanking You.
Yours faithfully,
For PVR Limited
Mukesh Kumar
SVP - Company Secretary
& Compliance Officer
ICRA Limited
Ref: ICRA/PVR Limited/27052022/1
Date: May 27, 2022
Mr. Nitin Sood
Chief Financial Officer
PVR Limited
Block A, 4th Floor, Building No. 9,
DLF Cyber City, Phase III,
Gurgaon - 122002
Dear Sir,
Re: Withdrawal of the ICRA rating assigned to Commercial Paper (CP) Programme of PVR Limited.
Please refer to your e-mail dated March 31, 2022 requesting for withdrawal of the rated CP programme of your company. Please note, that in accordance with ICRA's policy on withdrawal and suspension, the rating is presented to the Rating Committee of ICRA prior to withdrawal. The rating has been reaffirmed by the Rating Committee of ICRA at [ICRA] A1 (pronounced as ICRA A one). Please also note that as there is no amount outstanding against the rated instrument, the rating stands withdrawn.
We shall be glad to be associated with rating of any future borrowing programme of your company.
PVR Limited published this content on 28 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 11:58:06 UTC.
PVR INOX Limited is a film exhibition company in India with approximately 1713 screens across 362 properties in 115 cities in India and Sri Lanka. The Company is engaged in the business of movie exhibition, distribution and production and also in-house advertising, sale of food and beverages (F&B), gaming and restaurant business. It is involved in the theatrical exhibition business and allied activities under brand, PVR INOX. It offers features, such as premium large formats (PLF) for a wider viewing area through formats like BigPix, ScreenX, P[XL]. The Company also prioritize sound and electroacoustic enhancements to deliver an audio-visual journey through IMAX, ICE, 4DX, MX4D, and Onyx. Its other brands include Insignia, Director's Cut and Luxe. It offers a range of F&B options catering to diverse tastes, from gourmet delights to healthier alternatives. Its subsidiaries include PVR Pictures Limited, Shouri Properties Private Limited, Zea Maize Private Limited and PVR Lanka Limited.