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.

OK Play India Limited has secured regulatory approval to postpone its 37th Annual General Meeting (AGM) for FY26 until December 31, 2026. The Registrar of Companies (ROC), Haryana, granted the extension following the company’s application citing administrative delays.

The ROC approved the request on September 2, 2026, allowing an additional three months beyond the statutory deadline of September 30, 2026. The extension was granted under Section 96(1) of the Companies Act, 2013.

Reason for Delay

The company attributed the postponement to the unexpected resignation of its Company Secretary and Compliance Officer. This departure created a temporary vacancy that hindered the completion of mandatory AGM-related compliances and documentation within the prescribed timeline.

Regulatory Context

The ROC Haryana issued the order via letter dated September 2, 2026, acknowledging the operational constraints faced by the firm. While granting the relief, the regulator advised the company to ensure stricter adherence to compliance provisions in the future.

OK Play India informed the BSE on September 3, 2026, confirming the receipt of the order. The specific date for the rescheduled AGM will be communicated in due course.