The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....
CINELINE · price
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Mrs. Hiral Kanakia, a member of the promoter group and director of Cineline India Ltd, has created a pledge on 1,50,000 equity shares (0.44% of total share capital) on 20 March 2025. The pledged shares are valued at approximately Rs. 1.18 crore and have been pledged in favour of Sunil Bhagwatlal Dalal for personal use by the promoter. After this pledge, the total encumbered shares stand at 18,75,000 shares (5.47% of total share capital), which is 8.49% of her promoter holding. The borrowed amount mentioned is Rs. 25 crores, giving a security cover ratio of just 0.0472, indicating the shares are a small portion of the total borrowing.
This is a minor pledge creation representing only 0.44% of the company's share capital and 8.49% of the promoter's own holding, so it is unlikely to materially affect the stock price or signal any distress. The pledge is for personal purposes and not related to the company's operations.