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.

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.