The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 24, 2025 for Hiral Kanakia
CINELINE · price
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Awaiting price reaction for this filing.
Promoter Hiral Kanakia has released a pledge on 8,50,000 equity shares (2.48% of share capital) of Cineline India Ltd, originally pledged on 02-06-2025. The reason given for the release is that the personal loan taken by the promoter has been repaid. After this release, her encumbered shares stand reduced from 9,50,000 (2.77%) to 1,00,000 (0.29%). Her total promoter holding remains at 24,28,844 shares (7.09%). This is a revised submission of the disclosure originally filed on 04-06-2025, with the reason for pledge release now properly included.
Positive signal for shareholders — the promoter has repaid a personal loan and freed up pledged shares, reducing the risk of any forced sale or margin call on these shares.