Promoters pledge 65 lakh Cineline India shares as collateral
CINELINE · price
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Promoters Himanshu Kanakia and Rasesh Kanakia, individually and as trustees of Vrutant Benefit Trust and Ashish Benefit Trust, pledged 65,00,000 shares (about 18.96 percent of total share capital) on 24 June 2026. The revised disclosure lists 19 lenders and Security Trustee Vistra ITC. Purpose is collateral security for personal borrowing by promoters.
Promoter pledge for personal borrowing may concern investors; risk of forced sale rises if the loan defaults.