Promoters of Cineline India Limited released 7,12,000 pledged shares on April 29, 2026, reducing their total encumbered holdings to zero. The shares were previously pledged with Motilal Oswal Financial Services Limited and Sharekhan Limited as collateral security. This release follows a discrepancy in an earlier filing where the promoter holding already encumbered was reported as nil.

The revised disclosure submitted to BSE Limited and National Stock Exchange of India Limited corrects the record under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the specific number of shares released by each promoter and the corresponding percentage of total share capital.

Details of Released Shares

The release of encumbrance affected four promoters: Mr. Himanshu Kanakia, Mr. Rasesh Kanakia, Mrs. Rupal Kanakia, and Mrs. Hiral Kanakia. The shares were originally pledged on December 31, 2025. The entities in whose favor the shares were encumbered included Motilal Oswal Financial Services Limited, an NBFC, and Sharekhan Limited, a stock broking and financial services firm.

Regulatory Compliance

The disclosure confirms that the funds raised against these pledges were for the personal use of the promoters and not for the benefit of the listed company. Consequently, neither Cineline India Limited nor its group companies were involved in the transactions. The post-event holding of encumbered shares for all promoters is now 0.00%.

The revised filing was signed by Mr. Himanshu Babubhai Kanakia, Mr. Rasesh Kanakia, Mrs. Hiral Kanakia, and Mrs. Rupal Kanakia on May 28, 2026. The submission addresses the discrepancy observed in the initial disclosure filed under the aforementioned SEBI regulations.

Cineline India Limited disclosed on May 21, 2026, that a fire broke out at its cinema premises situated inside Pacific Mall in Kaushambi, Ghaziabad. The incident was brought under control by the premises' fire-fighting system, which prevented the fire from spreading further. The company confirmed that there were no human casualties resulting from the event.

Insurance Coverage and Impact

Cineline India stated that it holds adequate insurance coverage for the assets located at the affected cinema property. This coverage includes a loss of profit policy. The assessment regarding the expected quantum of loss or damage is currently in process, according to the regulatory filing.

Regulatory Disclosure Details

The company submitted the disclosure to the stock exchanges in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarizes the key details provided regarding the incident:

The company has requested the exchanges to take the information on record.