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 February ....

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

CINELINE · price

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Price reactionminutes from the announcement price · days from the prior close

-4.7%Reaction day

₹91.80

prior close

₹92.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-4.9% vs market

Film Production Distribution & Exhibition peers, median of 5sector-1.2%-3.5% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 3.5 pts less 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-2.8

15m

-2.8

30m

-3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.7+0.3-4.9-1.2-3.5

Next day

-4.1-0.8-3.3-1.5-2.6

-8.3-3.0-5.3-3.0-5.3

-7.4-5.6-1.8-5.1-2.3

-3.1-4.6+1.6-2.5-0.6

-5.3-4.7-0.6-3.0-2.3

-7.1-5.0-2.1-5.9-1.1

15d

-3.1-7.2+4.1-13.8+10.7

-12.9-9.4-3.5-20.0+7.1

-4.7+7.5-12.2-1.6-3.1

-13.3+10.8-24.1+1.1-14.4

UpDownMarket · Nifty Microcap 250Sector · Film Production Distribution & Exhibition peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rasesh Kanakia, as trustee of the promoter Rupal Kanakia Trust, has created a pledge over 28,00,000 equity shares of Cineline India (8.17% of total share capital) in favour of Vistra ITC (India) Limited. The promoter group's total holding is 30,68,800 shares (8.96%), meaning roughly 91% of the entire promoter stake is now pledged. The pledged shares were valued at about ₹23.11 crore against a borrowing of ₹18 crore, giving a coverage ratio of 1.28. The reason stated is personal use by the promoter; no listed entity or group company is involved. The pledge was created on 24 February 2026 and disclosed to the exchanges on 25 February 2026.

Likely market impact

Almost the entire promoter shareholding is now encumbered, which is a negative signal for retail investors — it raises the risk of a forced sale or invocation if the promoter cannot service the personal loan. The encumbered shares are under 20% of total share capital so no SEBI-level threshold trigger applies, but the concentration of pledging is high and worth monitoring.