Ok Play India Limited disclosed that Promoter Director Rajan Handa has pledged 60 lakh shares, increasing his total encumbered holding to 21.20% of the company's share capital. The shares were pledged on June 4, 2026, in favor of KRChoksey Financial Services Private Limited to meet margin requirements. This disclosure was submitted to the stock exchanges on June 5, 2026, under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, Rajan Handa held 8.58 crore shares, representing 23.66% of the total share capital, of which 7.09 crore shares (19.55%) were already encumbered. The creation of this new pledge for 6 million shares (1.65%) brings his total encumbered holding to 7.69 crore shares. The filing also details the shareholding and pledge status of other promoters, including Mamta Handa, Anandana Handa, Rishab Handa, and Raghav Handa, though no new encumbrances were reported for them.

The following table outlines the shareholding and encumbrance details for the promoters as of the reporting date:

The company confirmed that the disclosure was received from Mr. Rajan Handa and submitted to the exchanges for record purposes. Yaspal Singh, Company Secretary, signed the filing on behalf of Ok Play India Limited.

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:

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.