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 ....
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 4.9 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.
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Cineline India Ltd promoter Himanshu Kanakia (as trustee of Hiral Kanakia Trust) has created a pledge on 28,00,000 equity shares (8.17% of total share capital) on 24 February 2026 in favour of Vistra ITC (India) Limited. This represents 91% of the promoter's total holding of 30,68,800 shares (8.96% of total share capital), as the promoter had no prior encumbrance. The shares have been pledged for personal use by the promoter, with a security cover ratio of 1.29x (shares valued at Rs. 23.11 crore against a loan of Rs. 18 crore). The encumbrance is below the 20% of total share capital threshold but covers over 90% of the promoter's own shareholding.
A large portion of the promoter's stake being pledged (over 90% of their holding) for personal borrowings is a negative signal, as it raises concerns about financial leverage at the promoter level. Retail investors should monitor for any invocation of the pledge or further encumbrance, which could pressure the stock.