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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Hiral Himanshu Kanakia of Cineline India Ltd has released a pledge on 10,75,000 equity shares (3.14% of total share capital) with pledgee Sunil Bhagwatlal Dalal. The release happened on April 7, 2025, and the reason disclosed is that the personal loan taken by the promoter has been repaid. This is a revised filing submitted on June 24, 2025 to correct an earlier submission dated April 10, 2025, which had inadvertently omitted the reason for the pledge release. After the release, Kanakia's encumbered holdings stand at 9,50,000 shares (2.77%) out of her total holding of 24,28,844 shares (7.09%) in the company.
The pledge release signals that the promoter has cleared a personal loan obligation, slightly reducing encumbrance on her holdings. Since the underlying event is already two months old and this is only a procedural correction, the direct stock price impact is expected to be minimal.