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 May ....
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 2.7 pts less than Nifty Microcap 250 and 3.0 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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Rasesh Kanakia, trustee of promoter entity Rupal Kanakia Trust, has created a pledge on 13,64,500 equity shares (3.98% of total share capital) of Cineline India Limited on May 5, 2025. No prior encumbrance existed on the promoter's holding of 30,68,800 shares (8.96% of share capital). The pledge is in favour of Sunil Bhagwatlal Dalal (an individual in lending business, not a bank or NBFC), with a borrowed amount of ₹10 crore against shares valued at ₹12.71 crore (security cover of 1.27x). The stated purpose is personal use by the promoter, and neither Cineline India nor its group companies are involved in the transaction. Post this pledge, roughly 44.5% of the promoter's shareholding is encumbered, which is below the 50% threshold.
This is a new pledge creation rather than an invocation or sale, so there is no immediate dilution or distress signal. However, a significant chunk (~44.5%) of the promoter's stake is now pledged for personal borrowing, which investors should monitor — any future invocation or top-up could pressure the stock or signal promoter financial stress.