OK Play India Limited announced that its associate, MRH Technologies Private Limited, is supporting the Delhi Government’s initiative to reduce air pollution through advanced filtration technology.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on September 18, 2026.

Initiative Details

MRH Technologies holds exclusive rights in India to manufacture, sell, and service Mann+Hummel’s range of air filtration systems. Mann+Hummel is a German multinational corporation with over 85 years of experience in filtration technology.

The German firm operates in more than 80 countries and reported revenues of approximately EUR 4.2 billion. MRH Technologies has localized the production, stating that the entire manufacturing is now "Made in India." This shift aims to make the products price competitive while ensuring faster accessibility.

Media Coverage

The deployment of this technology has been featured on India Today TV and Aaj Tak. The coverage highlighted the relevance of advanced air filtration systems in addressing air-quality challenges in Delhi.

Strategic Outlook

OK Play India stated that combining global filtration technology with local manufacturing capabilities can make advanced air filtration solutions more accessible and cost-effective. These applications are aimed at improving overall air quality in the region.

OK Play India promoter director Rishab Handa has pledged 4 million equity shares, raising his total encumbered stake to 2.48% of the company’s paid-up capital. The pledge serves as collateral for loans taken by the company.

The disclosure was made to the Bombay Stock Exchange on September 17, 2026, pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance event occurred on September 11, 2026.

Encumbrance Details

Rishab Handa holds a total of 25,025,000 shares, representing 6.90% of the total share capital. Prior to this transaction, he had already encumbered 5,000,000 shares (1.38%).

The lender for this specific pledge is Krchoksey Financial Services Pvt. Ltd. The stated reason for the encumbrance is collateral for loans taken by the company.

Promoter Group Holdings

The broader promoter group maintains significant control over the company. Rajan Handa holds the largest individual stake with 85,868,620 shares (23.66%), of which 76,940,000 shares (21.20%) are already encumbered. Anandana Handa holds 25,409,500 shares (7.0%), with 5,000,000 shares (1.38%) encumbered.

Other promoters, including Mamta Handa, Rajesh Chopra, Sangeeta Chopra, and Raghav Handa, hold stakes ranging from 0.02% to 6.90%, with no new encumbrances reported in this filing.