The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 25, 2026 for Rasesh Kanakia (as ....
CINELINE · price
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Rasesh Kanakia, acting as trustee of Rupal Kanakia Trust (a promoter of Cineline India), has disclosed the creation of a pledge on 28,00,000 equity shares of the company on 24 February 2026. The pledged shares represent 8.17% of Cineline India's total share capital, while the trust's total promoter holding is 30,68,800 shares (8.96%). The pledge has been created in favour of Vistra ITC (India) Limited, and the borrowed amount of ₹18 crore (against shares valued at ₹23.11 crore) is intended solely for the promoter's personal use. The encumbered shares are not 20% or more of total share capital, and the encumbrance is also not 50% or more of the promoter's shareholding.
This is a routine disclosure of a fresh pledge created by the promoter for personal borrowing needs; it is not an invocation or release. While the pledge itself does not signal a change in ownership, investors should note that nearly the entire promoter holding in this trust (~91% of shares held) is now encumbered, which is worth monitoring for any future liquidity events.