Mumbai, 9th February 2022
• The Company has acquired 27 additional screens on a lease basis of which 9 are in Uttar Pradesh, 6 in Rajasthan, 5 in Noida, 5 in Gujarat and 2 in Maharashtra. These theatres will have an aggregate seating capacity of more than 5,500 seats.
• The Company will continue to grow its Film exhibition business aggressively in due course of time by acquiring theatre properties PAN India.
• Our Current Footprint will be as follows:
• Total No. of Screens :- 75
• Total No. of Seats:- 16,500+
• Cities Present : -14
Commenting on the same, Mr. Rasesh Kanakia, Chairman, said “We are delighted to announce the tie up of additional 27 screens PAN India. With this, we have tied up with 75 screens and over 16,500 seats in total. We are seeing huge opportunity for organized players to increase their foothold and plan to create a strong consumer-oriented brand in this segment.
Over the next few months, we will continue to acquire additional screens PAN India. There is a strong pipeline of movies coming up and we see a huge opportunity to grow exponentially in this space.”
Safe Harbor
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors
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