The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 10, 2025 for Mrs. Hiral Kanakia
CINELINE · price
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Mrs. Hiral Kanakia, a promoter of Cineline India, has released a pledge on 10,75,000 equity shares, which is 3.14% of the company's total share capital, effective April 7, 2025. Before the release, she had 20,25,000 shares (5.47% of share capital) pledged; after the release, her encumbered shares stand at 9,50,000 (2.77%). The pledged shares were held in favor of Sunil Bhagwatlal Dalal. Her total promoter holding remains unchanged at 24,28,844 shares (7.09%), but the encumbrance burden on her holdings has been nearly halved.
Positive for shareholders — the release of pledged shares lowers the promoter's financial leverage and reduces the risk of forced selling, signaling improved financial flexibility at the promoter level.