The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 04, 2025 for Mrs. Rupal Rasesh Kanakia
CINELINE · price
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Mrs. Rupal Rasesh Kanakia, a member of the promoter group of Cineline India Ltd, has disclosed the release of 7,00,000 pledged equity shares (about 2.04% of total share capital) on June 2, 2025. Before this release, she held 24,28,844 shares (7.09% of capital) with 8,00,000 shares (2.33%) already pledged. After the release, her remaining pledged shares stand at just 1,00,000 (0.29%). The shares were released from a pledge in favour of Sunil Bhagwatlal Dalal. There is no change in her overall shareholding — only the encumbrance status has been reduced.
This is a positive signal as it reduces the promoter's pledged share burden significantly (from 2.33% to 0.29%), lowering risk of forced sale or margin pressure. Shareholders should view this as reduced pledge-related overhang, though it is a routine disclosure under SAST rules.