The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 23, 2025 for Himanshu Kanakia ....
CINELINE · price
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Awaiting price reaction for this filing.
Himanshu Kanakia, as trustee of Vrutant Benefit Trust (a promoter of Cineline India), has reported the release of 1,87,500 pledged equity shares (0.55% of share capital) on April 16, 2025. The release was against Axis Trustee Service Limited as the debenture trustee. Post-release, the promoter holds 30,68,800 shares (8.96% of capital), of which 27,69,000 shares (8.08%) remain encumbered. The filing is a revised version of an earlier submission dated April 21, 2025, correcting two errors: the previously encumbered share count (now updated from 24,87,500 to 29,56,500) and the omission of the reason ('personal use by promoter') and lender details. The reason for release is stated as personal use by the promoter.
This is a routine release of a small portion of pledged promoter shares (less than 1% of capital), reducing the encumbered portion slightly. It is a corrected/revised filing and does not indicate any change in promoter ownership or a distress signal. Shareholders are unlikely to see material price impact from this disclosure.