Promoters release pledge on 65 lakh equity shares of Cineline India
Promoter Himanshu Babubhai Kanakia has disclosed release of pledge on 65 lakh equity shares of Cineline India Ltd on 19.10.2026.
By ScoutQuest · · 2 min read
- Shares Released from Pledge
- 65 lakh equity shares released on 19.10.2026
- Release by Trusts
- 30,50,000 shares each released by trustees of Ashish Benefit Trust and Vrutant Benefit Trust (8.00% each)
- Post-event Encumbered Holding
- 0.00% in each of the four rows
What was disclosed
Promoter Himanshu Babubhai Kanakia shared a disclosure under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with NSE and BSE on 21st October, 2026, reporting the release of pledge on 65 lakh equity shares of Cineline India Limited on 19.10.2026. The pledge being released had been created on 24.06.2026.
Who released, and how much
- Mr. Rasesh Babubhai Kanakia (Trustee of Ashish Benefit Trust): 30,50,000 shares released, being 8.00% of total share capital.
- Mr. Himanshu Babubhai Kanakia (Trustee of Vrutant Benefit Trust): 30,50,000 shares released, being 8.00% of total share capital.
- Mr. Rasesh Babubhai Kanakia: 2,00,000 shares released, being 0.52% of total share capital.
- Mr. Himanshu Babubhai Kanakia: 2,00,000 shares released, being 0.52% of total share capital.
Holding context
The table also shows the promoter holding in each row: 3068800 shares (8.05%) for the Ashish Benefit Trust row, 3068800 shares (8.05%) for the Vrutant Benefit Trust row, 12,73,924 shares (3.34%) for Mr. Rasesh Babubhai Kanakia and 12,73,824 shares (3.34%) for Mr. Himanshu Babubhai Kanakia. Against each row, the post-event holding of encumbered shares is shown as 0.00%.
Why the shares were encumbered
The update describes the encumbrance as a pledge for providing collateral security by the promoters. It states the funds are for personal use of the promoter and that neither the listed entity nor any of its group companies are involved in the transaction, since the funds are for the personal use of the promoter. The entity in whose favour the shares were encumbered is shown as a reference to Annexure A, which names Vistra ITC (India) Limited as trustee and lists 19 lenders.
What this means for a retail investor
A release of pledge means the restriction on those specific shares has been lifted and they are no longer held as collateral. The number of shares held by these promoters, as shown in the disclosure, does not change because of this event. The disclosure reports an event concerning encumbrance; it does not by itself change the promoter shareholding.
More numbers
- Total equity shares released from pledge65,00,000 equity shares
- Shares released - Rasesh Kanakia (Trustee, Ashish Benefit Trust)30,50,000
- Shares released - Himanshu Kanakia (Trustee, Vrutant Benefit Trust)30,50,000
- Shares released - Rasesh Babubhai Kanakia2,00,000
- Shares released - Himanshu Babubhai Kanakia2,00,000
- Promoter holding - Rasesh Kanakia (Trustee, Ashish Benefit Trust)3068800
- Release as % of total share capital - trust rows8.00%
- Release as % of total share capital - individual rows0.52%
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