PVR Inox shares fell as much as 8% intraday, hitting a low of Rs 1,125.70, after reports of an internal probe into alleged kickbacks.

According to a report, the payments in question were allegedly received by developers involved in building out PVR Inox’s cinema properties, spread across several years and reportedly totalling as much as ₹200 crore.

The company has not confirmed or denied this figure. The executive named in the report is Pramod Arora, who headed Growth and Investment at the company and had played a key role in PVR’s push into smaller cities.

PVR Inox own FY26 annual report states that Arora stepped down from his position effective May 24, 2026, citing personal reasons for his resignation.

Reports suggest the company became aware of the allegations around April, after which Arora and a few other employees were asked to leave.

The stock’s fall also comes right after the record date for PVR Inox’s share buyback passed on September 4.

The company’s board had approved a buyback of up to 2.07 million shares at ₹1,450 apiece back on August 31, working out to an aggregate value of up to ₹300 crore.

That buyback price sits well above where the stock is trading today, and the company had noted that its promoter group also intends to participate.

PVR Inox, formed through the 2023 merger of PVR and Inox Leisure, currently runs 1,786 screens across 356 properties in 113 cities in India and Sri Lanka.

The company has laid out plans to add roughly 1,000 more screens over the next five years, with a good chunk of that expansion expected to come through franchise partnerships.

At 14:11 pm on Monday, the stock was trading at ₹1,164.50 on the NSE, down 5.11% for the day.

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