Shareholders have approved "subscription of non-convertible debentures for an amount not exceeding Rs 500 crore on private placement," PVR said in a BSE filing.
The shareholders also approved a dividend of Re 1 on each equity share for FY 2014-15 at its 20th annual general meeting (AGM).
Reappointment of Vicha Poolvalaruk and Renuka Ramnath as directors of the company was also approved at the AGM.
PVR board had last year approved a plan to raise Rs 500 crore through qualified institutional placement (QIP).