Ok Play India Board approves reclassification of promoters to public
Ok Play India Limited's Board approved the reclassification of promoters Rajesh Chopra, Rajesh Chopra HUF, and Sangeeta Chopra to public shareholders on May 30, 2026. The decision, pending BSE approval, follows confirmation of compliance with SEBI Listing Regulations regarding voting rights and control. The company will now submit the necessary application to the stock exchange.

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Ok Play India Limited has approved the reclassification of three promoters to the public category, a move that will alter the company's shareholding structure. The Board of Directors granted the approval on May 30, 2026, following requests from Rajesh Chopra, Rajesh Chopra HUF, and Sangeeta Chopra. The reclassification is subject to requisite approvals from BSE Limited.
The promoters confirmed compliance with Regulation 31A(3)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They stated that neither they nor related persons hold more than 10% of total voting rights, exercise control over the company, or hold special rights. Additionally, they confirmed they are not represented on the Board, do not serve as key managerial personnel, and are not classified as wilful defaulters or fugitive economic offenders.
The following table details the shareholding of the promoters seeking reclassification:
| Sr. No. | Name of the Promoter | Shareholding as on date | Shareholding in % |
|---|---|---|---|
| 1. | Rajesh Chopra | 121500 | 0.03 |
| 2. | Rajesh Chopra HUF | 77000 | 0.02 |
| 3. | Sangeeta Chopra | 744000 | 0.20 |
The Board has advised the company to submit an application to the stock exchange and undertake necessary steps to effect the reclassification. The promoters have also committed to complying with the conditions specified in Regulation 31A(4) of the Listing Regulations post-reclassification.
The Board meeting, which commenced at 5:30 p.m. and concluded at 8:10 p.m., was presided over by Managing Director Rajan Handa. The company will now proceed with the regulatory formalities required to finalize the change in shareholding status.
Historical Stock Returns for Ok Play
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.24% | -4.27% | -13.35% | -34.41% | -50.66% | +112.32% |
How will the reduction in promoter holding influence the company's corporate governance rating?
Could this reclassification trigger a reassessment of the stock's valuation by institutional investors?
Who will step in to fill the strategic vacuum left by the exiting promoters?

































