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 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 submitted a revised disclosure to the stock exchanges regarding the release of a pledge on 7,00,000 equity shares (about 2.04% of the company's share capital) on 2nd June 2025. The revision was made because the reason for the release was inadvertently omitted in the earlier filing dated 4th June 2025. The pledge was held by Sunil Bhagwatlal Dalal and has been released because the personal loan taken by the promoter has been fully repaid. Post-release, the promoter's encumbered shares stand at 1,00,000 shares (0.29%) out of her total holding of 24,28,844 shares (7.09% of the company).
This is a positive development for shareholders as it shows the promoter has cleared a personal loan secured against company shares, reducing the encumbrance on promoter holdings. Lower pledged shares typically signal improved promoter financial health and reduce the risk of forced selling in the stock.