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Cineline India LimitedPledging, 04-04-2025: Pledge/Unpledge

04-04-2025 · 10:22 am

Rasesh Babubhai Kanakia, as trustee of Ashish Benefit Trust, has disclosed a pledge of 4,69,000 equity shares of Cineline India Limited, representing 1.37% of the total share capital. This pledge was created on 27 March 2025 for personal use by the promoter. Following this event, the promoter's total holding is now 30,68,800 shares, which constitutes 8.96% of the company's total share capital. The shares have been pledged to Axis Trustee Service Limited, which holds the encumbered shares on behalf of the trust. This activity may impact investor sentiment as it reflects the promoter's need to secure personal financing.

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