Cineline India Limited has formally announced the appointment of Mr. Palkeshkumar Jain as Company Secretary and Compliance Officer, effective January 06, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination & Remuneration Committee, in compliance with Section 203 of the Companies Act, 2013 and Regulation 6(1) of the SEBI Listing Regulations.

Board Meeting Details and Regulatory Compliance

The Board meeting was held on Tuesday, January 06, 2026, with comprehensive disclosures made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted formal communications to both BSE Limited and National Stock Exchange of India Limited for public dissemination.

Professional Profile and Qualifications

Mr. Palkeshkumar Jain brings strong professional credentials to his new role as Company Secretary and Compliance Officer. His educational background and experience position him well for the compliance responsibilities of the position.

Enhanced Authorization and Contact Information

Pursuant to Regulation 30(5) of the SEBI Listing Regulations, the Board has authorized Mr. Jain to make disclosures to stock exchanges with immediate effect. This authorization is in addition to the existing Key Managerial Personnel already empowered for such communications.

Formal Disclosure and Documentation

The appointment aligns with regulatory requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All necessary disclosures have been made in accordance with Regulation 30 read with Regulation 6 of the SEBI LODR Regulations. The formal communication was digitally signed by Mr. Rasesh Kanakia, Director (DIN: 00015857), ensuring proper authorization and compliance with corporate governance standards.

This appointment strengthens Cineline India Limited's compliance framework and ensures continued adherence to regulatory requirements across both BSE (Scrip Code: 532807) and NSE (Scrip Code: CINELINE) listings.

Cineline India Limited , a prominent player in the Indian entertainment industry, has reported a mixed financial performance for the second quarter, alongside achieving debt-free status through a significant asset sale.

Debt-Free Status and Asset Monetization

Cineline India has successfully monetized its hotel asset, Hyatt Centric Goa, for an enterprise value of ₹270 crores through a subsidiary sale. This strategic move has enabled the company to achieve debt-free status by facilitating a total debt reduction of ₹228 crores, which includes both hotel asset-related and company debt. As a result, Cineline India will save ₹22 crores annually in debt servicing costs.

Financial Highlights

Key Takeaways

1. Revenue Growth: Cineline India witnessed a substantial increase in revenue from operations, rising to ₹6,197.33 lakhs from ₹4,528.98 lakhs in the same quarter last year, marking a 36.8% year-over-year growth.

2. Shift to Loss: Despite the revenue growth, the company reported a net loss of ₹205.84 lakhs, compared to a profit of ₹64.06 lakhs in the same quarter of the previous year.

3. Increased Expenses: Total expenses rose to ₹5,925.01 lakhs from ₹4,969.28 lakhs, an increase of 19.2% year-over-year, outpacing the growth in total income.

4. EBITDA Improvement: The company's EBITDA increased to ₹1,512 lakhs from ₹1,368 lakhs in the previous year.

5. Film Exhibition Business: The film exhibition segment generated revenues of ₹6,399 lakhs, up from ₹5,591 lakhs in the previous year.

Operational Highlights

1. Screen Expansion: Cineline India currently operates 77 screens across 79 cities with a total of 19,000 seats. The company plans to add 5 upcoming screens.

2. Market Share Growth: The company achieved a 3x expansion in market share through gross box office collections and surpassed the ₹200 crores revenue milestone.

3. Industry Recognition: Cineline India received awards as the most admired retailer of the year by MAPIC India and the most impactful brand by Big Cine Expo.

Management Approval

The Board of Directors of Cineline India Limited approved these unaudited standalone financial results at their meeting. The results were subject to a limited review by the company's statutory auditors, KKC & Associates LLP.

Market Implications

The financial results present a complex picture for investors. While the significant revenue growth and debt-free status are positive signs, indicating increased business activity and improved financial health, the shift to a net loss position may raise concerns about the company's profitability and cost management in the short term.

Investors and market analysts will likely be watching closely to see how Cineline India capitalizes on its debt-free status, revenue growth, and expansion plans in the coming quarters. The company's strategies for cost control, improving bottom-line performance, and leveraging its strengthened financial position will be crucial factors in determining its financial trajectory.