PVR : ESOP/ESPS/SBEB Scheme

10th March, 2022

National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, 5th Floor,	Corporate Relationship Department
Plot No. C/1, G Block,	1st Floor, New Trading Ring,
Bandra Kurla Complex,	PJ Towers, Dalal Street,
Bandra (East), Mumbai - 400 051	Fort, Mumbai - 400 001
Fax: [phone]	Fax: [phone]/37

Company Code: PVR / 532689

Sub: Disclosure of events or information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir / Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 and subject to the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 (collectively referred to as 'SEBI & SE Regulations') and in accordance with 'PVR Employee Stock Option Plan 2022' ("PVR ESOP 2022"/ "Plan"), the Nomination and Remuneration Committee ('Committee') on March 9, 2022, has approved the grant of 5,68,500 employee stock options ("Option") (Five Lakhs Sixty Eight Thousand Five Hundred Options) to the eligible employees exercisable into not more than 5,68,500 equity shares of face value of Rs. 10/- each fully paid-up of the Company.

In this connection, the relevant disclosures as per the SEBI Regulations are as under:

Sr. No.	Particulars			Details
a)	Brief details of Options granted	5,68,500 Options to the eligible
				employees of the Company as
				determined by the Committee.
b)	Whether the scheme is in	Yes
	terms of SEBI	(SBEB & SE)
	Regulations,	2021	(if
	applicable)
c)	Total number of shares covered	5,68,500 equity shares of face value
	by these options			of Rs. 10/- each fully paid-up of the
				Company.
d)	Pricing formula			The Exercise Price is Rs. 1,347/-
				which is at a discount of
				approximately 10% on the average of
				last three months trading price (i.e.
				Weighted Average Price) of INR
				1,497/- prior to the Grant of NSE.

e)	Options vested				Vesting of Options is subject to
						overall minimum Vesting Period of 1
						(one) year and maximum Vesting
						Period of 3 (three) years from the date
						of grant as per the Plan.
f)	Time within which option may	Vested Option shall be exercisable
	be exercised				within a maximum period of 3 (Three)
						years from the date of respective
						Vesting of Options subject to the
						terms of PVR ESOP 2022
g)	Options exercised			Not Applicable
h)	Money realized by exercise of	Not Applicable
	options
i)	The total number of shares	Not Applicable
	arising as a result of exercise of
	options
j)	Options lapsed				Not Applicable
k)	Variation of terms of options	Not Applicable
l)	Brief	details	of	significant	Vesting of Options is subject to
	terms					overall minimum vesting period of
						one year and maximum vesting
						period of three years from the date of
						grant as per ESOP Plan.
m)	Subsequent	changes	or	Not Applicable
	cancellation or exercise of such
	options
n)	Diluted	earnings	per	share	Options are yet to be exercised
	pursuant to issue of equity
	shares on exercise options

This is for your information and record.

Thanking You.

For PVR Limited

MUKESH KUMAR

Digitally signed by

MUKESH KUMAR Date: 2022.03.10 12:42:37 +05'30'

Mukesh Kumar

SVP - Company Secretary

& Compliance Officer