The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 17, 2025 for Himanshu Kanakia (as ....
CINELINE · price
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Himanshu Kanakia, trustee of promoter entity Hiral Kanakia Trust, has disclosed a release of 9,00,000 equity shares (2.63% of total share capital) from pledge in Cineline India Ltd, effective April 15, 2025. The encumbrance was held in favor of Axis Trustee Service Limited. Post-release, the encumbered (pledged) shares of the promoter stand at 0.00%, meaning all previously pledged shares are now fully free. The promoter's overall holding in the company remains unchanged at 30,68,800 shares (8.96%).
This is a positive signal for shareholders — the complete release of pledged shares reduces the promoter's debt-linked exposure and eliminates any near-term risk of forced sale or invocation, improving confidence in promoter stability.