Cineline India Limited has submitted a revised disclosure to the stock exchanges regarding the encumbrance of shares by its promoters, detailing the specific lenders involved in the transaction. The filing, submitted on July 15, 2026, addresses a query from the exchanges regarding an earlier submission under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The revised document now includes the names of 19 debenture holders and identifies Vistra ITC (India) Limited as the security trustee.

The disclosure confirms the creation of a pledge on 65,00,000 equity shares on June 24, 2026. The shares were pledged by promoters Himanshu Kanakia and Rasesh Kanakia, both individually and in their capacities as trustees of the Vrutant Benefit Trust and Ashish Benefit Trust, respectively. The encumbrance was established to provide collateral security for the promoters' personal borrowing, with no involvement of the listed company or its group entities in the transaction.

Breakdown of Pledged Shares

The promoters pledged varying portions of their holdings to secure the funds. Himanshu Kanakia and Rasesh Kanakia each pledged 2,00,000 shares, representing 0.58% of the total share capital. In their roles as trustees, Himanshu Kanakia (for Vrutant Benefit Trust) and Rasesh Kanakia (for Ashish Benefit Trust) pledged 30,50,000 shares each, accounting for 8.90% of the total share capital per trust. The total value of the shares on the date of the event was reported as ₹27.30 crore against an involved amount of ₹2 crore.

Lender and Trustee Details

The revised filing explicitly names the entities in whose favor the shares are encumbered. Vistra ITC (India) Limited is named as the Security Trustee. The list of 19 debenture holders includes individuals and entities such as Shashwat Belapurkar & Deepika Belapurkar, Sanjeev Bajaj & Meena Bajaj, ANS Ventures, and Richard Shuenn Ching Liu. The complete list of lenders is provided in the filing to ensure full compliance with regulatory requirements.

The disclosure confirms that the encumbered shares do not constitute 50% or more of the respective promoter shareholdings, nor do they amount to 20% or more of the company's total share capital. The funds raised through this encumbrance are strictly for the personal use of the promoters and are not related to any debt instruments of the company.

Promoters of Cineline India Limited have pledged 65,00,000 equity shares, representing 18.96% of the total share capital, to provide collateral security. The shares were encumbered on June 24, 2026, in favor of Vistra ITC (India) Limited, according to a disclosure submitted to the National Stock Exchange of India Limited and BSE Limited on June 26, 2026.

The filing was made by Himanshu Kanakia and Rasesh Kanakia, both in their individual capacities and as trustees of Vrutant Benefit Trust and Ashish Benefit Trust respectively. The disclosure complies with Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The pledged shares belong to four promoter entities. Himanshu Kanakia and Rasesh Kanakia each pledged 2,00,000 shares, while Himanshu Kanakia, as trustee of Vrutant Benefit Trust, pledged 30,50,000 shares. Rasesh Kanakia, as trustee of Ashish Benefit Trust, pledged 30,50,000 shares. Prior to this event, none of these holdings were encumbered.

The funds raised through this encumbrance are intended for the personal use of the promoters and are not related to any debt instruments of the listed entity. The document clarifies that neither Cineline India Limited nor its group companies are involved in the transaction.

Breakdown of Pledged Shares

The security cover details indicate that the value of the shares on the date of the event varied significantly across the entities. For the individual holdings of Mr. Himanshu Kanakia and Mr. Rasesh Kanakia, the ratio of share value to the amount involved was 0.79. For the trust holdings, the ratio was 12.07.