The Company was incorporated on April 26, 1995 under the Companies Act as "Priya Village Roadshow Limited" and obtained a certificate of commencement of business on December 4, 1995. On June 28, 2002 the name of our Company was changed from "Priya Village Roadshow Limited" to "PVR Limited" consequent to the exit of Village Roadshow Limited from our Company. We also changed our registered office within the same state from 50, West Regal Building, Connaught Place, New Delhi 110 001 to 61, Basant Lok, Vasant Vihar, New Delhi 110 057. The change in registered office has been approved by resolution of our Board on August 5, 2005.

Major events:

A chronology of some key events since the Company was incorporated is set forth below:

Calendar Year Event and Month

November, 1994 Joint venture agreement executed between Village Roadshow Limited, Australia and PEPL.

April, 1995 Our Company was incorporated as a joint venture between Village Roadshow Limited and PEPL.

February, 1996 1,199,300 Equity Shares of our Company issued to Ajay Bijli Motor Finance Limited., which company is currently called BIPL (our Promoter).

June, 1997 Opened India's first Multiplex Cinema PVR Anupam, a four-screen cinema, at Saket, New Delhi.

June, 1997 Computerized box office operations by selling computerized tickets at our cinema, PVR Anupam.

January, 2000 Commenced single-screen cinema PVR Priya at Vasant Vihar, New Delhi.

August, 2001 Opened a four -screen Multiplex Cinema, PVR Naraina in New Delhi.

November, 2001 Opened a three-screen Multiplex Cinema, PVR Vikaspuri in New Delhi.

November, 2002 PEPL acquired the entire share holding held by Village Roadshow Limited in our Company.

May, 2003       WITEC, in its capacity as Trustee of India Advantage
                Fund - I, a trust registered under the Indian Trusts
                Act, 1882 and acting through its investment manager
                ICICI Venture Funds Management Company Limited, agreed
                to acquire 38.45% stake in our Company by way of
                purchase of Equity Shares from BIPL and by way of
                subscription to a fresh issue of Equity Shares made by
                the Company. WITEC also subscribed to optionally
                convertible debentures issued by our Company.

May, 2003 Opened a seven-screen Multiplex Cinema, PVR Gurgaon at the Metropolitan mall, Gurgaon, Haryana.

November, 2004 Opened India's largest Multiplex Cinema, PVR Bangalore, with eleven screens at the Forum mall, Koramangla, Bangalore.

May, 2004 Opened PVR Plaza, a single-screen cinema with a heritage ambience at Connaught Place, New Delhi

November, 2004  Commenced operations at the first multiplex under the
                management fees/franchise model - PVR SRS, a three
                screen Multiplex Cinema at SRS mall, Faridabad,
                Haryana.

March, 2005 The optionally convertible debentures issued to WITEC were converted into equity shares of the Company.

March, 2005 Opened our tenth Multiplex Cinema, PVR EDM, a three-screen cinema at East Delhi mall, Uttar Pradesh.

2005

-PVR Ltd, a multiplex cinema operator, has fixed its IPO price at Rs 225