(r) Provisions
General

A provision is recognized when the Company has a
present obligation (legal or constructive) as a result of
past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of
which a reliable estimate can be made. Provisions are
not discounted to their present value and are determined
based on best management estimate required to settle
the obligation at each Balance Sheet date. These are
reviewed at each Balance Sheet date and are adjusted to
reflect the current best management estimates.

Contingent liability

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed by the
occurrence or non-occurrence of one or more uncertain
future events beyond the control of the Company or a
present obligation that is not recognized because it is not
probable that an outflow of resources will be required
to settle the obligation. A contingent liability also arises
in extremely rare cases where there is a liability that
cannot be recognized because it cannot be measured
reliably. The Company does not recognize a contingent
liability but discloses its existence in the Standalone
Financial Statements.

(s) Cash and Cash equivalents

Cash and cash equivalents comprise cash at bank, cash in
hand and short term investments with an original maturity
of three months or less, which are subject to an insignificant
risk of changes in value.

For the purpose of the statement of cash flows, cash and
cash equivalents consist of cash and short-term deposits,
as defined above, net of outstanding bank overdrafts as
they are considered an integral part of the Company's
cash management.

(t) Share based payments

In accordance, with the Securities and Exchange Board
of India (Share Based Employee Benefits & Sweat equity)
Regulations, 2021 and Ind AS 102 Share-based Payments,
the cost of equity-settled transactions is measured using
the fair value method. The cumulative expense recognized
for equity-settled transactions at each reporting date until
the vesting date reflects the extent to which the vesting
period has expired and the Company's best estimate
of the number of equity instruments that will ultimately
vest. The expense or credit recognized in the Statement
of Profit and Loss for a period represents the movement
in cumulative expense recognized as at the beginning
and end of that period and is recognized in employee
benefits expense, together with a corresponding increase
in the "Share option outstanding reserve” in reserves.
The cumulative expense recognized for equity-settled
transactions at each reporting date until the vesting date
reflects the extent to which the vesting period has expired
and the company's best estimate of the number of equity
instruments that will ultimately vest.

(u) Dividend

The final dividend on shares is recorded as a liability on
the date of approval by the shareholders and interim
dividends are recorded as a liability on the date of
declaration by the Company's Board of Directors.

(v) Financial instruments

A financial instrument is any contract that gives rise to a
financial asset of one entity and a financial liability or
equity instrument of another entity.

Financial assets

Initial recognition and measurement

All financial assets and liabilities are recognized
at fair value on initial recognition, except for trade
receivables which are initially measured at transaction
price. Transaction costs that are directly attributable to
the acquisition or issue of financial assets and financial
liabilities, which are not at fair value through profit or loss,
are added to the fair value on initial recognition. Regular
way purchase and sale of financial assets are accounted
for at trade date.

Subsequent measurement

For purposes of subsequent measurement, financial assets
are classified in four categories:

• Financial assets at amortised cost

• Financial assets at fair value through other
comprehensive income (FVTOCI)

• Financial assets, derivatives and equity instruments
at fair value through profit or loss (FVTPL)

• Equity instruments through other comprehensive
income (FVTOCI)

Financial assets at amortised cost

A 'debt instrument' is measured at the amortised cost if
both the following conditions are met:

a) The asset is held within a business model whose
objective is to hold assets for collecting contractual
cash flows, and

b) Contractual terms of the asset give rise on specified
dates to cash flows that are solely payments
of principal and interest (SPPI) on the principal
amount outstanding.

This category is the most relevant to the Company. After
initial measurement, such financial assets are subsequently
measured at amortised cost using the effective interest
rate (EIR) method. Amortised cost is calculated by taking
into account any discount or premium on acquisition
and fees or costs that are an integral part of the EIR.
The EIR amortisation is included in finance income in
the profit or loss. The losses arising from impairment are
recognised in the statement of profit and loss. This category
generally applies to trade and other receivables.

Financial instrument at FVTOCI

A 'debt instrument' is classified as at the FVTOCI if both of
the following criteria are met:

a) The objective of the business model is achieved both
by collecting contractual cash flows and selling the
financial assets, and

b) The asset's contractual cash flows represent SPPI

Debt instruments included within the FVTOCI category are
measured initially as well as at each reporting date at fair
value. Fair value movements are recognized in the other
comprehensive income (OCI). However, the Company
recognizes interest income, impairment losses & reversals
and foreign exchange gain or loss in the statement of profit
& loss. On derecognition of the asset, cumulative gain or
loss previously recognised in OCI is reclassified from the
equity to the Statement of Profit and Loss. Interest earned
whilst holding FVTOCI debt instrument is reported as
interest income using the EIR method.

Financial Assets at FVTPL

FVTPL is a residual category for Financial assets. Any
Financial assets, which does not meet the criteria for
categorization as at amortized cost or as FVTOCI, is
classified as at FVTPL.

In addition, the Company may elect to designate a debt
instrument, which otherwise meets amortized cost or
FVTOCI criteria, as at FVTPL. However, such election

is allowed only if doing so reduces or eliminates a
measurement or recognition inconsistency (referred to as
'accounting mismatch'). The Company has not designated
any debt instrument as at FVTPL.

Debt instruments included within the FVTPL category are
measured at fair value with all changes recognized in the
Statement of Profit and Loss.

Financial assets at fair value through profit or loss are
carried in the balance sheet at fair value with net changes
in fair value recognised in the statement of profit and loss.

This category includes derivative instruments and
listed equity investments which the Company had not
irrevocably elected to classify at fair value through OCI.
Dividends on listed equity investments are recognised in
the statement of profit and loss when the right of payment
has been established.

Derecognition

A financial asset (or, where applicable, a part of a
financial asset or part of a Company of similar financial
assets) is primarily derecognised (i.e. removed from the
Company's balance sheet) when:

• The rights to receive cash flows from the asset
have expired, or

• The Company has transferred its rights to receive cash
flows from the asset or has assumed an obligation to
pay the received cash flows in full without material
delay to a third party under a 'pass-through'
arrangement, and either (a) the Company has
transferred substantially all the risks and rewards of
the asset, or (b) the Company has neither transferred
nor retained substantially all the risks and rewards
of the asset, but has transferred control of the asset.

When the Company has transferred its rights to receive
cash flows from an asset or has entered into a pass¬
through arrangement, it evaluates if and to what extent it
has retained the risks and rewards of ownership. When
it has neither transferred nor retained substantially all of
the risks and rewards of the asset, nor transferred control
of the asset, the Company continues to recognise the
transferred asset to the extent of the Company's continuing
involvement. In that case, the Company also recognises
an associated liability. The transferred asset and the
associated liability are measured on a basis that reflects
the rights and obligations that the Company has retained.

Continuing involvement that takes the form of a guarantee
over the transferred asset is measured at the lower of the
original carrying amount of the asset and the maximum
amount of consideration that the Company could be
required to repay.

Financial liabilities

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as
financial liabilities at fair value through profit or loss, loans
and borrowings, payables, or as derivatives designated as
hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value
and, in the case of loans and borrowings and payables,
net of directly attributable transaction costs.

The Company's financial liabilities include trade and
other payables, loans and borrowings including bank
overdrafts, financial guarantee contracts and derivative
financial instruments.

Subsequent measurement

The measurement of financial liabilities depends on their
classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include
financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through
profit or loss. Financial liabilities are classified as held for
trading if they are incurred for the purpose of repurchasing
in the near term. This category also includes derivative
financial instruments entered into by the Company that
are not designated as hedging instruments in hedge
relationships as defined by Ind AS 109. Separated
embedded derivatives are also classified as held for trading
unless they are designated as effective hedging instruments.

Gains or losses on liabilities held for trading are recognised
in the profit or loss.

Financial liabilities designated upon initial recognition at fair
value through profit or loss are designated as such at the initial
date of recognition, and only if the criteria in Ind AS 109 are
satisfied. For liabilities designated as FVTPL, fair value gains/
losses attributable to changes in own credit risk are recognized
in OCI. These gains/ loss are not subsequently transferred to
statement of profit and loss. However, the Company may
transfer the cumulative gain or loss within equity. All other
changes in fair value of such liability are recognised in the
statement of profit and loss. The Company has not designated
any financial liability as at fair value through profit and loss.

Financial liabilities at amortised cost
Loans and borrowings

After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortised cost
using the EIR method. Gains and losses are recognised in
profit or loss when the liabilities are derecognised as well
as through the EIR amortisation process.

Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs
that are an integral part of the EIR. The EIR amortisation
is included as finance costs in the Statement of Profit and
Loss. This category generally applies to borrowings.

Trade and other payable

These amounts represent liabilities for goods and services
provided to the Company prior to the end of financial year
which are unpaid. The amounts are generally unsecured.
Trade and other payable are presented as current
liabilities unless payment is not due within 12 months after
the reporting period. They are recognized initially at their
fair value and subsequently measured at amortized cost.

Derecognition

A financial liability is derecognised when the obligation
under the liability is discharged or cancelled or expires.
When an existing financial liability is replaced by another
from the same lender on substantially different terms, or
the terms of an existing liability are substantially modified,
such an exchange or modification is treated as the
derecognition of the original liability and the recognition
of a new liability. The difference in the respective carrying
amounts is recognised in the statement of profit or loss.

Impairment of financial assets

In accordance with Ind AS 109, the Company applies
expected credit loss (ECL) model for measurement and
recognition of impairment loss on the following financial
assets and credit risk exposure:

• Financial assets that are debt instruments, and
are measured at amortized cost e.g., loans,
debt securities, deposits, trade receivables
and bank balance;

• Trade receivables or any contractual right to receive
cash or another financial asset that result from
transactions that are within the scope of Ind AS 115;

The Company impairs its trade receivables basis past
experience and trend. Other financial asset, are impaired
on case to case basis.

2.3 Recent Accouting Pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or
amendments to the existing standards under Companies (Indian
Accounting Standards) Rules as issued from time to time. For the
year ended March 31, 2025, MCA has notified Ind AS - 117
Insurance Contracts and amendments to Ind AS 116 - Leases,
relating to sale and leaseback transactions, applicable to the
Company w.e.f. April 1, 2024. The Company has reviewed
the new pronouncements and based on its evaluation has
determined that it does not have any significant impact in its
financial statements.

2.4 New and amended standards, not yet effective

The new and amended standards and interpretations that
are issued, but not yet effective, up to the date of issuance of
the standalone financial statements are disclosed below, the
Company will adopt this new and amended standard, when it
becomes effective:

Ind AS 21: The Effects of Changes in Foreign Exchange Rates
- The Ministry of Corporate Affairs notified amendments to Ind
AS 21, The Effects of Changes in Foreign Exchange Rates, which
came into force on 7 May 2025, the date of their publication
in the official gazette. The amendments are effective for
annual reporting periods beginning on or after 1 April 2025.
When applying the amendments, an entity cannot restate
comparative information.

The amendment specifies how an entity should assess whether
a currency is exchangeable and how it should determine
a spot exchange rate when exchangeability is lacking. The
amendments also require disclosure of information that enables
users of its financial statements to understand how the currency
not being exchangeable into the other currency affects, or is
expected to affect, the entity's financial performance, financial
position and cash flows.

These amendments are not expected to have any material
impact on the standalone financial statements of the Company.

Note:

Impairment testing of Goodwill:

Goodwill represents excess of consideration paid over the net assets acquired in the business combinations . This is monitored by the management at
the level of cash generating unit (CGU) and is tested annually for impairment. Entities acquired/merged during the previous years now completely
integrated with the existing cinema business of the Company, and accordingly is monitored together as one CGU. The Company tested goodwill
for impairment to ascertain the recoverable amount of CGU based on value in use , using a post-tax discounted cash flow (5 years projection)
methodology, risk-adjusted weighted average cost of capital of 12.08% p.a. (March 31, 2024: 12.5% p.a.) and terminal growth rate of 4% - 5%
(March 31, 2024: 4% - 5%). This long-term growth rate takes into consideration external macroeconomic sources of data. Such long-term growth
rate considered does not exceed that of the relevant business and industry sector. The Company believes that any reasonably possible change in the
key assumptions on which a recoverable amount is based would not cause the aggregate carrying amount to exceed the aggregate recoverable
amount of the cash-generating unit.

Notes:

(i) Term loan from banks are secured by first pari passu charge over all movable (both present and future) properties, plant and equipment,
capital work-in-progress, other intangible assets, loans and advances, security deposit, inventories, trade receivables, & capital advances
of the Company excluding immovable properties and assets on which specific security / lien exists or is created in favour of any statutory
/ regulatory body.

The above includes H 1,235 millions (March 31, 2024 : Rs 1,825 millions) of term loans provided by banks under Emergency Credit Line
Guarantee Scheme 3.0 as they are secured by sovereign guarantee of the Government of India and second ranking pari-passu charge
on the movable properties (both present and future), plant and equipment, capital work-in-progress, other intangible assets, loans and
advances, security deposit, inventories, trade receivables, & capital advances of the Company excluding immovable properties and assets
on which specific security / lien exists or is created in favour of any statutory / regulatory body. The loans are also secured by a second
charge over the entire current assets of the company, including stocks and book debts, both present and future.

32. Gratuity plan:

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure
@15 days last drawn salary for each completed year of service, in terms of Payment of Gratuity Act, 1972. The scheme is funded with four
insurance companies in the form of a qualifying insurance policies. The fund has the form of a trust and it is governed by the Board of Trustees. The
Board of Trustees is responsible for the administration of the plan assets. Each year, the Board of Trustees reviews the level of funding in the India
gratuity plan. This includes employing the use of annuities and longevity swaps to manage the risks. The Board of Trustees decides its contribution
based on the results of this annual review. Generally, it aims to have a portfolio mix of equity instruments and debt instruments. The Board of
Trustees aim to keep annual contributions relatively stable at a level such that no plan deficits (based on valuation performed) will arise.

37. The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing
legislation under Sections 92-92F of the Income-tax Act, 1961. Since the law requires such information and documentation to be contemporaneous
in nature, the Company is in the process of updating the documentation of international transactions with the associated enterprises during
the financial year and expects such records to be in existence latest by the due date of filing the return of income. The management is of the
opinion that its transactions with the associated enterprises are at arm's length so that the aforesaid legislation will not have any impact on these
standalone financial statements, particularly on the amount of tax expense and that of provision for taxation.

38. Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a Company meeting the applicability threshold, is required to spend at least 2% of its average
net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities
are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, care for destitute women and rehabilitation
of under privileged person, environment sustainability and disaster relief. A CSR committee has been formed by the Company as per the
Companies Act, 2014.

Long-term fixed-rate and variable-rate receivables/deposit are evaluated by the Company based on parameters such as interest rates, specific
country risk factors, individual creditworthiness of the customer and the risk characteristics of the financed project. Based on this evaluation,
allowances are taken into account for the expected credit losses of these receivables/deposits.

The fair values of the quoted instruments are based on price quotations at the reporting date. The fair value of unquoted instruments, loans
from banks and other financial assets and liabilities, obligations under leases, as well as other non-current financial liabilities is estimated by
discounting future cash flows using rates currently available for debt on similar terms, credit risk and remaining maturities.

The deferred consideration is based on the present value of the expected cash outflows discounted using risk adjusted discount rate i.e 9.50%
p.a. The estimated fair value of deferred consideration would increase/decrease if the expected cash outflows were higher/lower or the risk
adjusted discount rate was higher/lower.

42. Segment

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The Managing
Director of the Company has been identified as being the chief operating decision maker to assess the financial performance and position of the
Company and make strategic decisions. The Company is engaged primarily in the business of theatrical exhibition and allied activities under the
brand "PVR INOX”. Accordingly, in the context of Indian Accounting Standard 108 - Operating Segments, it is considered to constitute single
reportable segment.

(d) For PVR INOX Pictures Limited, Devyani PVR INOX Private Limited and Zea Maize Private Limited, share capital movement refer note 5A.

(e) Corporate Guarantee given to bank against credit facility availed by Zea Maize Private Limited amounting to H 50 millions (March 31,
2024 H 50 Millions).

(f) All transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions and within the ordinary
course of business. Outstanding balances at the year end are unsecured and settlement occurs in cash. Transactions relating to dividend,
subscriptions for new equity shares are on the same terms and conditions that are offered to other shareholders.

44. Financial Risk Management objective and policies

The Company's principal financial liabilities comprise of loans and borrowings, lease liabilities, trade and other payables. The main purpose of
these financial liabilities is to finance the Company's operations and to provide guarantees to support its operations. The Company's principal
financial assets include loans, trade and other receivables, and cash and cash equivalents that derive directly from its operations.

The Company is exposed to market risk, credit risk, legal, taxation and accounting risk and liquidity risk. The Company's treasury team overseas
the management of these risks supported by senior management.

(a) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk.
Financial instruments affected by market risk include loans and borrowings, deposits and receivables and payables.

(i) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the long-term debt obligations
with floating interest rates.

Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on loans and borrowings. With all
other variables held constant, the Company's loss before tax is affected through the impact on floating rate borrowings, as follows:

(ii) Currency risk

Currency risk is the risk that the fair value of future cash flows of financial instruments will fluctuate because of the change in foreign
currency exchange rates.

The majority of the Company's revenue and expenses are in Indian Rupees, with the remainder denominated in US Dollars.
Management considers currency risk to be low and does not hedge its currency risk (refer note 36). As variations in foreign currency
exchange rates are not expected to have a significant impact on the results of operations, a sensitivity analysis is not presented.

(b) Legal, taxation and accounting risk

The Company is presently involved into various judicial, administrative, regulatory and litigation proceedings concerning matters arising
in the ordinary course of business operations including but not limited to personal injury claims, landlord-tenant disputes, commercials
disputes, tax disputes (including entertainment tax subsidy and other direct and indirect tax matters like GST, Service tax, Sales tax etc.),
employment disputes and other contractual disputes. Many of these proceedings seek an indeterminate amount of damages. In situations
where management believes that a loss arising from a proceeding is probable and can reasonably be estimated, the Company records the
amount of the probable loss. As additional information becomes available, any potential liability related to these proceedings is assessed
and the estimates are revised, if necessary.

To mitigate these risks, the Company employs in-house counsel and uses third party tax & legal experts to assist in structuring significant
transactions and contracts. PVR INOX Limited also has systems and controls that ensure the timely delivery of financial information in order
to meet contractual and regulatory requirements and has implemented disclosure controls and internal controls over financial reporting
which are tested for effectiveness on an ongoing basis.

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations.

Credit risk on cash and cash equivalents and bank deposits is limited as the Company generally invests in deposits with banks with high
credit ratings assigned by domestic credit rating agencies. Other financials assets primarily represents security deposits given to Mall
Developers/ lessors. Such deposit will be returned to the Company on expiry of lease entered with Mall developers/ lessors. The Company
continuosly monitors such deposits and compute the expected credit loss allowance for such deposits based on internal risk assessment of
such developers/ lessors on 12 months expected credit loss.

Investments other than investment in subsidiaries & joint venture of the Company are fair valued based on Level 1. These investments
primarily include government securities and quoted bonds issued by corporates. The Company invests after considering counterparty
risks based on multiple criteria including Capital Adequacy Ratio, Credit Rating, Profitability, NPA levels and deposit base of banks and
financial institutions.

Trade receivables are typically unsecured and are derived from revenue earned from customers located in India. Trade receivables also
includes receivables from Debit/credit card companies and online movie ticketing partners which are realisable within a period 1 to
3 working days. The Company monitors the economic environment in which it operates. The Company manages its credit risk through
establishing credit limits and continuously monitoring credit worthiness of customers to which the Company grants credit terms in the normal
course of business.

The Company uses expected credit loss model to assess the impairment loss or gain. The Company uses a provision matrix to compute
the expected credit loss allowance for trade receivables. The provision matrix takes into account available internal credit risk factors
as the Company's historical experience for customer. Accordingly, based on the business environment in which the Company operates,
management considers that the trade receivables (other than Government dues) are in default/doubtful if the payment is outstanding for
more than 270 days and more than 365 days in case of government dues. Basis above, as at March 31, 2025, Company has impaired Trade
receivables of H 402 millions (March 31, 2024: H 394 millions). Further, the management believes that the unimpaired amounts that are past
due by more than 270 days continue to be collectible in full, based on historical payment behavior and analysis of customer credit risk.

Majority of trade receivables are from domestic customers, which are fragmented and are not concentrated to individual customers.

Movement in the allowance for impairment in respect of trade receivables

(d) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are
settled by delivering cash or another financial assets. The Company's approach to manage liquidity is to have sufficient liquidity to meet its
liabilities when they are due, under both normal and stressed circumstances, without incurring unacceptable losses or risking damage to the
Company's reputation.

The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of bank overdrafts, bank
loans, lease liabilities and advance payment.

The Company's liquidity management process as monitored by management, includes the following:

- Day to Day funding, managed by monitoring future cash flows to ensure that requirements can be met.

- Maintaining rolling forecasts of the Company's liquidity position on the basis of expected cash flows.

45. Capital management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves
attributable to the equity holders. The primary objective of the Company's capital management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return on capital
to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is long term debts plus amount payable for
purchase of property plant and equipment divided by total equity. No changes made in the objective policies or process for managing capital
during the year ended March 31, 2025 and March 31, 2024.

48. The managerial remuneration for the year ended March 31, 2025 of Mr. Ajay Kumar Bijli, Managing Director and Mr. Sanjeev Kumar,
Executive Director respectively is in accordance with the provisions of section 197 read with Schedule V to the Companies Act, 2013,
as approved by the Nomination and Remuneration Committee and the Board of Directors in their respective meetings pursuant to the
shareholders' approval vide their resolutions dated June 09, 2023.

49. The Company has used 2 accounting softwares for maintaining its books of account. One of the software has a feature of recording audit
trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software except that, audit
trail feature is not enabled for direct changes at database level to data when using certain access rights and also for certain changes made
using privileged/ administrative access rights. In case of other accounting software which had a feature of recording audit trail (edit log)
facility and the same has operated for all relevant transactions recorded in the software during the period November 01, 2024 to March
31, 2025, except that, audit trail feature is not enabled for direct changes to data when using certain access rights. Further no instance of
audit trail feature being tampered with was noted in respect of the software where the audit trail has been enabled. Additionally, the audit
trail of prior year has been preserved by the Company as per the statutory requirements for record retention to the extent it was enabled
and recorded in the prior year.

50. During the current year, management has identified a cyber-security incident relating to sale of gift cards without receiving adequate
consideration. The total value of gift cards utilized due to this amounted to Rs. 14.1 million. The company has cancelled all such cards
involved in incident and has taken adequate steps to strengthen the IT environment around sale of gift cards.

52. Other statutory information :

(i) The Company do not have any transactions and balances with companies struck off under section 248 of Companies Act, 2013 or section
560 of Companies Act, 1956.

(ii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(iii) The Company have not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as
income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions
of the Income Tax Act, 1961).

(iv) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding
any Benami property under the Benami Transactions (Prohobition) Act, 1988 and rules thereunder.

(v) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(vi) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding that the Intermediary shall :

(a) . d irectly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company

(Ultimate Beneficiaries) or

(b) . provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vii) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall:

(a) . d irectly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party

(Ultimate Beneficiaries) or

(b) . provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(viii) The title deeds/legal ownership of immovable properties including the leased properties as disclosed in the standalone financial statements
are held in the name of the Company except as disclosed in note 3.

(ix) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

(x) The Company has complied with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act, 2013 read with the
Companies (Restriction on number of Layers) Rules, 2017 from the date of their implementation.

As per our report of even date attached For and on behalf of the Board of Directors of PVR INOX Limited

For S.R. Batliboi & Co. LLP

Chartered Accountants

ICAI Firm Registration Number: 301003E/E300005

Gaurav Kumar Gupta Ajay Kumar Bijli Sanjeev Kumar

Partner Managing Director Executive Director

ICAI Membership Number: 509101 DIN: 00531142 DIN: 00208173

Murlee Manohar Jain Gaurav Sharma

Company Secretary Chief Financial Officer

ICSI- M.No. F-09598

Place: New Delhi Place: Gurugram

Date: May 12, 2025 Date: May 12, 2025