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. Rupal Rasesh Kanakia
CINELINE · price
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Mrs. Rupal Rasesh Kanakia, a member of the promoter group of Cineline India Ltd, has created a pledge on 3,50,000 equity shares (about 1.02% of total share capital) on March 20, 2025, reported to the exchanges on April 10, 2025. The pledge is in favour of Sunil Bhagwatlal Dalal (an individual, not a bank/NBFC) for personal use by promoters, with a borrowed amount of Rs. 25 crore against pledged shares valued at Rs. 2.76 crore (security cover ratio of just 0.11x). After this event, her total encumbered shares rise to 20,25,000 (5.91% of total share capital), while her overall promoter holding remains at 24,28,844 shares (7.09%). The filing explicitly states that encumbered shares are not 50% or more of her promoter shareholding.
A modest increase in promoter-group share pledging for personal borrowing. Retail investors typically view rising promoter pledges with mild caution, though the disclosed amount is small relative to total share capital and the filing confirms encumbrance remains below the 50% threshold for this promoter.