Promoters create pledge on 65 lakh shares; revised disclosure filed
CINELINE · price
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Promoters Himanshu Kanakia and Rasesh Kanakia, individually and as trustees of Vrutant Benefit Trust and Ashish Benefit Trust, have created a pledge on 65,00,000 equity shares (around 18.96 percent of total share capital) of Cineline India on June 24, 2026. The revised disclosure filed on July 15, 2026, lists Vistra ITC India as security trustee and 19 debenture holders as lenders. Reason stated is providing collateral security for personal borrowing by promoters; the company and its group entities are not part of the transaction.
Encumbrance on promoter shares rises, but pledge is for personal borrowings, not company debt. Below 50 percent promoter holding threshold and below 20 percent of total capital.