Cineline India Ltd

Rasesh Kanakia pledges 2.8M shares (8.17% stake) in Cineline India Ltd for personal loan 💼

- Rasesh Kanakia, trustee of Rupal Kanakia Trust, pledged 2,800,000 equity shares (8.17% of total share capital) in Cineline India Limited.

- The pledge was created on February 24, 2026, in favor of Vistra ITC (India) Limited for personal use by the promoter.

- Rupal Kanakia Trust holds 3,068,800 shares (8.96% of Cineline India Limited's share capital), with the pledge representing 91.2% of its holding.

- The value of the pledged shares is ₹231,112,000, securing a loan amount of ₹180,000,000, resulting in a security cover ratio of 1.28.

- The transaction is for personal use and does not involve Cineline India Limited or its group companies.