Cineline India Limited has opened a new three-screen MovieMax Multiplex at Metro World Mall in Sector 56, Gurugram, Haryana, on August 12, 2026. The launch strengthens the company’s presence in the Delhi NCR region, where it now operates five cinemas, and expands its national footprint to 88 screens across 23 properties in 15 cities. The new venue targets growing urban entertainment demand with premium seating and contemporary design.

The multiplex spans approximately 16,000 sq. ft. and offers 477 seats across three auditoriums. Seating options include recliner, executive, and prime configurations designed for enhanced comfort. The facility is equipped with 2K Christie/GDC Server projection systems to ensure high-quality visual output. Located near Sector 54 Chowk Metro Station, roughly 0.7 km away, the cinema serves a dense residential and commercial catchment area.

Key Facility Specifications

Ashish Kanakia, CEO of Cineline India Limited, stated that the opening reflects the company’s focus on entering high-potential catchments with strategically located properties. He noted that Gurugram remains a high-potential market with an evolving audience seeking quality entertainment experiences closer to home. The company aims to deliver differentiated experiences through premium formats and contemporary design.

This addition marks MovieMax’ s second property in Gurugram. The expansion consolidates Cineline India’s position in one of India’s key urban entertainment markets. The company continues to prioritize well-located properties that offer differentiated viewing experiences to patrons.

What the Numbers Show

The expansion to 88 screens across 15 cities indicates a steady geographic diversification strategy. By securing a fifth cinema in Delhi NCR, Cineline India is deepening its market penetration in a high-density urban cluster. The focus on premium seating (recliner, executive) suggests a strategy to capture higher average revenue per user through differentiated ticket pricing rather than volume alone.

Cineline India Limited Cineline India Limited promoter group acquired 21,36,752 equity shares via warrant conversion on July 30, 2026, strengthening its stake in the company. The transaction, valued at ₹117 per share including a premium of ₹112 over the ₹5 face value, reflects the promoters' continued commitment to the firm. This disclosure, filed on August 3, 2026, ensures transparency regarding changes in substantial shareholding as mandated by market regulators.

The acquisition was made pursuant to the conversion of warrants into equity shares. The transaction involved four entities within the promoter group: Ashish Rasesh Kanakia, Niyati Rasesh Kanakia, Vrutant Himanshu Kanakia, and Vrusti Benefit Trust. Each entity received an equal allotment of 5,34,188 shares. The mode of acquisition is classified as a preferential allotment of equity shares upon conversion of an equal number of warrants.

Shareholding Structure Changes

The acquisition altered the voting capital distribution for the specific promoter entities involved. While their absolute share counts increased, their percentage holding relative to the total diluted share capital decreased slightly due to the expansion of the total equity base.

Other members of the promoter group and persons acting in concert, including Rasesh Kanakia, Himanshu Kanakia, Rupal Kanakia, Hiral Kanakia, and various trusts and private limited companies, did not participate in this specific acquisition. Their shareholdings remained unchanged in absolute terms, though their percentage stakes were diluted due to the increase in total capital.

Capital Structure Impact

The conversion of warrants led to an increase in Cineline India Limited’s total equity share capital. Prior to the acquisition, the company’s equity share capital stood at ₹17,13,32,000, consisting of 3,42,66,434 equity shares of ₹5 each. Following the acquisition, the equity share capital rose to ₹19,05,62,935, comprising 3,81,12,587 equity shares of ₹5 each. The total diluted share/voting capital after the acquisition is also ₹19,05,62,935.

The total holding of the promoter group, including persons acting in concert, stands at 2,59,86,200 shares, representing 68.1827% of the total diluted share/voting capital. This figure includes the newly acquired shares as well as existing holdings from other promoter entities such as Rupal Kanakia Trust, Hiral Kanakia Trust, Ashish Benefit Trust, and Vrutant Benefit Trust.

Regulatory Disclosure Details

The disclosure was made under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the master circular dated February 16, 2023 (No. SEBVHO/CFD/PoD- 1/P/CIR/2023/31). The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited by Vrutant H Kanakia, representing the promoter group. The declaration confirms that there are no encumbrances on the acquired shares and no voting rights otherwise than by shares were involved in the transaction.