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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 3.7 pts more than its Film Production Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoter Rasesh B. Kanakia, acting as trustee of Ashish Benefit Trust, has created a fresh pledge of 4,69,000 equity shares (1.37% of total share capital) of Cineline India on March 27, 2025, with Axis Trustee Service Limited. After this, total encumbered promoter shares stand at 29,56,500 (8.63% of total share capital), which works out to roughly 96% of the promoter's own shareholding of 30,68,800 shares (8.96% of total capital). The pledge was raised purely for the promoter's personal use, with no involvement of the listed company or its group firms. The borrowed amount is Rs 10 crore against pledged shares valued at only Rs 3.64 crore (security cover ratio of 0.364), meaning the shares are significantly under-collateralised for the loan.
Negative signal for shareholders: nearly the entire promoter stake is now pledged, leaving very little unencumbered holding, and the loan is poorly covered by share value — any sharp fall in share price raises the risk of margin call or invocation. Continued pledging for personal needs (not company purposes) suggests promoter financial stress and limited flexibility.