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Source: India Today
Cineline India Limited promoters have disclosed the release of a total of 7,12,000 equity shares from pledge on 29.04.2026, as reported to the National Stock Exchange of India Limited and BSE Limited on 04th May 2026. The disclosure was made under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the SEBI master circular dated February 16, 2023. The release was signed and submitted by Mr. Himanshu Babubhai Kanakia on behalf of the promoter group.
Promoters Involved in the Pledge Release
Four members of the Kanakia promoter group were party to the pledge release event. The shares had been originally pledged on 31.12.2025 as collateral security for personal use by the promoters, with no involvement of the listed company or its group companies in the underlying transactions.
The promoters involved are:
Mr. Himanshu Kanakia
Mr. Rasesh Kanakia
Mrs. Rupal Kanakia
Mrs. Hiral Kanakia
Details of Pledge Release
The following table summarises the pledge release details for each promoter, including the number of shares released and the entities in whose favour the shares were previously pledged:
Promoter: Shares Held % of Total Share Capital Shares Released % of Share Capital Pledged With Mr. Himanshu Kanakia 1273924 3.72% 2,50,000 0.73% Motilal Oswal Financial Services Limited Mr. Himanshu Kanakia 1273924 3.72% 6,000 0.02% Sharekhan Limited Mr. Rasesh Kanakia 1273924 3.72% 2,50,000 0.73% Motilal Oswal Financial Services Limited Mr. Rasesh Kanakia 1273924 3.72% 6,000 0.02% Sharekhan Limited Mrs. Rupal Kanakia 24,28,844 7.09% 1,00,000 0.29% Sharekhan Limited Mrs. Hiral Kanakia 24,28,844 7.09% 1,00,000 0.29% Sharekhan Limited
Following the release, the post-event encumbered shareholding for all four promoters stands at 0.00%, indicating that no shares remain under pledge.
Nature of Encumbrance and End Use
All pledges were classified as collateral security provided by the promoters for personal use, with the encumbrance originally created on 31.12.2025. The entities involved were Motilal Oswal Financial Services Limited, categorised as an NBFC, and Sharekhan Limited, categorised as a stock broking and financial services entity. The disclosures confirm that neither the listed entity nor any of its group companies were involved in the underlying transactions, as the funds were for the personal use of the promoters.
Post-Release Encumbrance Status
Upon completion of the release on 29.04.2026, none of the four promoters hold any encumbered shares in Cineline India Limited. In each case, the encumbered shares as a percentage of promoter shareholding were below 50%, and the encumbered shares as a percentage of total share capital were below 20%, both prior to and following the release event. The disclosure was filed from Mumbai and digitally signed by all four promoters on 04th May 2026.
Cineline India Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling mandatory regulatory requirements under SEBI regulations for the quarter ended March 31, 2026.
Regulatory Compliance Filing
The company submitted the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 02, 2026. The filing was signed by Rasesh Kanakia, Chairman & Whole Time Director (DIN: 00015857).
Filing Details: Information Quarter Ended: March 31, 2026 Filing Date: April 02, 2026 Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5) Signatory: Rasesh Kanakia, Chairman & Whole Time Director
Registrar Confirmation
MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, issued the confirmation certificate dated April 01, 2026. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry.
The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed according to regulatory requirements.
Certificate Confirmations
The MUFG Intime certificate provides several key confirmations:
Securities received for dematerialisation were confirmed (accepted/rejected) to depositories
All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialisation were confirmed/rejected within prescribed timelines
Security certificates were mutilated and cancelled after due verification by depository participants
Names of depositories have been substituted in the register of members as registered owners
Corporate Information
Company Details: Information Corporate Identity Number: L92142MH2002PLC135964 Registered Office: 2nd Floor, A & B wing, Vilco Centre, Subhash Road, Mumbai Website: www.moviemax.co.in Email: investor@cineline.co.in
This quarterly compliance filing demonstrates Cineline India Limited's adherence to SEBI regulations governing depositories and participants, ensuring proper handling and processing of dematerialised securities during the reporting period.
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Source: The Economic Times