OK Play India Promoter Rajan Handa Pledges 1.5 Million Shares for Margin Financing

Ok Play Limited, a prominent player in the Indian manufacturing sector, has reported a significant development in its shareholding structure. The company's promoter director, Rajan Handa, has created a pledge on 1.5 million shares, representing 0.41% of the total share capital, in favor of IKR Choksey Financial Services Private Limited.

Pledge Details

The encumbrance, created on August 21, was undertaken for margin financial purposes, as disclosed in the company's filing under SEBI regulations for substantial acquisition of shares and takeovers. This move has increased Handa's total encumbered shareholding to 70.94 million shares, which accounts for 19.54% of the company's total share capital.

Promoter's Shareholding

Despite this pledge, Rajan Handa's overall holding in Ok Play Limited remains unchanged at 85.87 million shares, constituting 23.66% of the total share capital. This indicates that the pledge affects only a portion of his total shareholding.

Regulatory Compliance

The company has duly reported this transaction to the Bombay Stock Exchange (BSE) where its shares are listed. The disclosure was made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Other Promoter Holdings

The LODR disclosure also provides insights into the shareholding of other promoters:

Promoter Name	Number of Shares	% of Total Share Capital
Mamta Handa	10,000,000	2.76%
Rajesh Chopra HUF	77,000	0.02%
Sangeeta Chopra	744,000	0.20%
Rajesh Chopra	121,500	0.03%
Anandana Handa	25,409,500	7.00%
Rishab Handa	25,025,000	6.90%
Raghav Handa	25,025,000	6.90%

This pledge by Rajan Handa is a significant development for Ok Play Limited, potentially impacting the company's financial dynamics and shareholder structure. Investors and market watchers will likely keep a close eye on any further developments related to promoter shareholdings and pledges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.58%	-0.73%	-25.14%	-44.09%	-45.31%	+273.48%

Ok Play Limited (BSE: 526415) has received approval from the BSE Limited for the reclassification of two promoter shareholders to the public category, marking a significant change in the company's shareholding structure.

Reclassification Details

The BSE, through its letter No. LIST/COMP/HG/388/2025-26 dated August 19, 2025, granted approval for the reclassification of the following individuals from the 'Promoter' category to the 'Public' category:

Mr. Gaurav Chopra
Mrs. Geetanjali Chopra

This reclassification comes in response to Ok Play India's application dated April 11, 2025, and is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The BSE has instructed Ok Play India to ensure compliance with subsequent relevant disclosures of material events related to this reclassification. This move aligns with the regulatory requirements and promotes transparency in the company's shareholding structure.

Company Response

Ok Play India Limited acknowledged the receipt of the approval through a corporate filing. Rajan Handa, the Managing Director of Ok Play India, digitally signed the intimation to the stock exchange, confirming the company's commitment to maintaining proper records and transparency.

About Ok Play India Limited

Ok Play India Limited, with its registered office in Haryana, is listed on the BSE with the scrip code 526415. The company operates in the industrial sector, with its corporate office located in New Delhi.

This reclassification of promoters represents a notable change in Ok Play India's ownership structure and may have implications for the company's governance and public perception.