Vistra ITCL (India) Limited has filed a mandatory regulatory disclosure under Regulation 29(I) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the pledge of 28,00,000 equity shares of Cineline India Limited . The disclosure was submitted in the company's capacity as debenture trustee for the share pledge arrangement created on February 24, 2026.

Debenture Trustee Role and Regulatory Compliance

Vistra ITCL emphasized that while the primary responsibility for SEBI compliance lies with the lender and debenture holder rather than the trustee, the company filed the disclosure "out of abundant caution" in its capacity as security trustee and debenture trustee. The filing confirms that Vistra ITCL does not belong to the promoter or promoter group of Cineline India Limited.

Share Capital Structure and Transaction Details

The regulatory filing reveals that Cineline India Limited has a total equity share capital of 3,42,66,434 shares with a face value of ₹5 each, totaling ₹17,13,32,170 as of December 2025. The pledged shares represent a significant portion of the company's equity base.

Trustee Holdings and Acquisition Details

The disclosure confirms that Vistra ITCL had no prior holdings in Cineline India Limited before this pledge arrangement. The acquisition mode is specifically identified as "Pledge of equity shares" rather than a direct share purchase or transfer.

Corporate Address and Filing Authority

Vistra ITCL (India) Limited, with Corporate Identity Number U66020MH1995PLC095507, operates from The Qube, 2nd Floor, A Wing, Hasan Pada Road, Mittal Industrial Estate, Marol, Andheri (E) Mumbai. The disclosure was signed by Jatin Chonani, Compliance Officer, and submitted to BSE Limited and National Stock Exchange of India Limited on February 26, 2026. The filing demonstrates the company's commitment to regulatory transparency despite the clarification that primary compliance responsibility rests with other parties in the transaction.

Cineline India Limited has delivered impressive financial performance in Q3FY26, reporting a substantial 471% year-on-year increase in net profit to ₹621.21 lakhs compared to ₹108.85 lakhs in Q3FY25. The company announced these unaudited results for the quarter ended December 31, 2025, following board approval on January 28, 2026.

Strong Revenue Growth and Operational Performance

The company demonstrated solid revenue growth with operations revenue reaching ₹6,720.57 lakhs in Q3FY26, marking a 6.16% increase from ₹6,330.58 lakhs in the corresponding quarter of the previous year. Total income, including other income, stood at ₹7,025.31 lakhs compared to ₹6,369.66 lakhs in Q3FY25.

Expense Management and Profitability Improvement

Total expenses for Q3FY26 were ₹6,074.66 lakhs compared to ₹6,216.86 lakhs in Q3FY25, reflecting effective cost management. The company's profit before tax increased significantly to ₹891.46 lakhs from ₹152.80 lakhs in the previous year. Movie exhibition costs, the largest expense component, remained relatively stable at ₹1,908.64 lakhs compared to ₹1,918.94 lakhs in Q3FY25.

Nine-Month Performance Shows Remarkable Turnaround

For the nine months ended December 31, 2025, Cineline India achieved a complete turnaround with a net profit of ₹820.02 lakhs compared to a loss of ₹463.75 lakhs in the corresponding period of FY25. Revenue from operations for the nine-month period grew to ₹17,446.88 lakhs from ₹15,561.51 lakhs, representing a 12.11% increase.

Impact of New Labour Codes

The company recognized ₹59.19 lakhs as exceptional items in Q3FY26, representing the statutory impact of new Labour Codes notified by the Government of India with effect from November 21, 2025. This amount covers additional gratuity and compensated absences due to the revised definition of wages under the consolidated labour laws.

Financial Position and Earnings

The company maintained a paid-up equity share capital of ₹1,713.32 lakhs with ₹5 face value per share. Basic and diluted earnings per share from continuing operations improved significantly to ₹1.81 in Q3FY26 from ₹0.33 in Q3FY25. The results were subject to limited review by statutory auditors KKC & Associates LLP and were approved by the Board of Directors chaired by Mr. Rasesh Kanakia.