Promoters release pledge on 65 lakh equity shares
Four promoter entities of Cineline India have released a pledge on 65 lakh equity shares on 19.10.2026.
By ScoutQuest · · 2 min read
- Shares released from pledge
- 65 lakh equity shares
- Release date
- 19.10.2026
- Post-release encumbrance
- 0.00% of its holding as encumbered
Cineline India Ltd disclosed to the NSE and BSE that four promoter entities released a pledge on 65 lakh equity shares on 19.10.2026. The disclosure was shared under Regulation 31 of the SEBI (SAST) Regulations, 2011.
What exactly happened
- The reported event is a release of encumbrance, not a sale or a purchase of shares
- The encumbrance was created on 24.06.2026 and the type shown is pledge
- The stated reason was providing collateral security by the promoters
- The disclosure states the funds were for personal use of the promoter, and that neither the listed entity nor any of its group companies were involved in the transaction
Promoter by promoter
- Mr. Rasesh Babubhai Kanakia (Trustee of Ashish Benefit Trust): 30,50,000 shares released, 8.00% of total share capital; promoter holding 3068800 shares (8.05%)
- Mr. Himanshu Babubhai Kanakia (Trustee of Vrutant Benefit Trust): 30,50,000 shares released, 8.00%; holding 3068800 shares (8.05%)
- Mr. Rasesh Babubhai Kanakia: 2,00,000 shares released, 0.52%; holding 12,73,924 shares (3.34%)
- Mr. Himanshu Babubhai Kanakia: 2,00,000 shares released, 0.52%; holding 12,73,824 shares (3.34%)
After the release
- The post-event holding of encumbered shares is shown as 0.00% for each of the four entities
- For each, the update answers No to whether the encumbered shares were 20% or more of total share capital, and No to whether they were 50% or more of promoter shareholding
Who the shares were pledged to
- The trustee named in the disclosure is Vistra ITC (India) Limited
- Annexure A lists the lenders named in the agreement
What this means for a retail shareholder
- A pledge is when promoter shares are held as security against an obligation; a release means those shares are no longer under this pledge
- The release does not change how many shares the promoters own, only how many of those shares are free of this pledge
- The update gives no figure for the amount against which the shares were pledged, or for the value of the shares on the event date
How to read it
- This is a disclosure of an encumbrance event by promoters, the kind of update that is meant to keep investors informed about how much of the promoter holding is restricted
- Read together with the shareholding figures above, it shows the promoters' reported holding staying the same while the pledged portion on these four entities comes down to nil
Also from Cineline India
Promoters release pledge on 65 lakh equity shares of Cineline India
21 Oct 2026
More numbers
- Equity shares on which pledge released65,00,000 equity shares
- Shares released - Ashish Benefit Trust trustee30,50,000
- Shares released as % of total share capital (trusts)8.00%
- Promoter holding - Ashish Benefit Trust trustee3068800
- Promoter holding as % of total share capital (trusts)8.05%
- Promoter holding - Rasesh Babubhai Kanakia12,73,924
- Promoter holding as % of total share capital (individuals)3.34%
- Shares released as % of total share capital (individuals)0.52%
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