The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
CINELINE · price
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Awaiting price reaction for this filing.
Promoter Mr. Himanshu B. Kanakia has submitted a revised disclosure regarding a pledge of 7,04,000 equity shares (2.05% of total share capital) of Cineline India Ltd, originally created on 27 February 2025. The revision corrects two errors from the earlier March 2025 filing: the promoter name (previously wrongly mentioned as Rasesh Babubhai Kanakia) and the lender name. The shares are pledged with Axis Trustee Services Limited acting as Debenture Trustee for multiple debenture holders, against an amount of ₹6.54 crore, with the pledged shares valued at ₹21 crore. The funds are for the personal use of the promoter. After this pledge, the promoter holds 12,73,824 shares (3.72% of total share capital), of which 9,60,000 shares (2.80%) are now encumbered.
This is a routine correction to a previously filed disclosure and not a new pledge event. The pledge size is small relative to the promoter's holding (only 0.74% of his shares are encumbered) and unlikely to materially affect shareholder confidence or stock price.