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.

Promoters of Cineline India Limited released 7,12,000 pledged equity shares on April 29, 2026, reducing the encumbrance on their holdings. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shares were released by four promoters: Himanshu Kanakia, Rasesh Kanakia, Hiral Kanakia, and Rupal Kanakia. The entities in whose favor the shares were released include Motilal Oswal Financial Services Limited and Sharekhan Limited. The reason for the initial encumbrance was stated as providing collateral security by the promoters.

Details of Released Shares

The following table outlines the specific number of shares released by each promoter and the corresponding entities:

Prior to this release, the promoters held 0.00% of their total share capital as encumbered shares. Following the release event, the post-event holding of encumbered shares for all listed promoters stands at 0.00% of the total share capital. The total promoter holding for Himanshu Kanakia and Rasesh Kanakia is 12,73,924 shares each, representing 3.72% of the total share capital. Hiral Kanakia and Rupal Kanakia hold 24,28,844 shares each, representing 7.09% of the total share capital.