The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 28, 2026 for Himanshu Kanakia, ....
CINELINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cineline India Ltd promoter Himanshu Kanakia and family have filed a revised disclosure correcting an earlier error where promoter pledged shares were wrongly stated as NIL. The correction reveals that 7,12,000 equity shares (2.07% of total share capital) were actually already encumbered as pledges. Separately, a disclosure confirms these 7,12,000 pledged shares were released on April 29, 2026. The pledges were held with Motilal Oswal Financial Services Ltd and Sharekhan Ltd, taken for collateral security for personal promoter borrowing. Promoters involved include Himanshu Kanakia (3.72% holding), Rasesh Kanakia (3.72%), Rupal Kanakia (7.09%), and Hiral Kanakia (7.09%).
Release of 7.12 lakh pledged shares reduces promoter encumbrance, which is marginally positive as it indicates reduced debt burden or improved financial position for promoters. However, the total encumbered amount is small relative to promoter holdings, suggesting limited direct market impact.