OK Play India Limited announced its unaudited financial results for the third quarter of FY26, ending December 31, 2025, showcasing strong operational performance across both standalone and consolidated segments. The Board of Directors approved these results at their meeting held on January 12, 2026, with the financial statements prepared in compliance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Standalone Financial Performance

The company's standalone operations demonstrated remarkable growth during Q3FY26. Revenue from operations surged significantly compared to the corresponding quarter of the previous year, while profitability metrics showed substantial improvement.

The company's total expenses for Q3FY26 stood at ₹3,100.86 lacs compared to ₹1,768.11 lacs in the corresponding quarter of the previous year. Major expense components included cost of materials consumed at ₹1,239.43 lacs, employee benefits expenses at ₹469.44 lacs, and finance costs at ₹335.06 lacs.

Consolidated Financial Results

The consolidated financial performance, which includes subsidiaries OK Play Auto Limited and RIRA E-Vehicles Private Limited, also showed strong growth momentum during the quarter.

The consolidated operations reported total expenses of ₹5,706.75 lacs for Q3FY26, with cost of materials consumed being the largest component at ₹2,843.86 lacs, followed by employee benefits expenses at ₹749.10 lacs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, both standalone and consolidated operations maintained positive growth trajectories.

Standalone Nine-Month Results:

• Revenue from operations: ₹6,888.29 lacs (vs ₹5,828.95 lacs in 9MFY25)
• Net profit: ₹82.07 lacs (vs ₹140.69 lacs in 9MFY25)
• Total revenue: ₹8,165.86 lacs (vs ₹7,438.74 lacs in 9MFY25)

Consolidated Nine-Month Results:

• Revenue from operations: ₹13,190.51 lacs (vs ₹11,056.64 lacs in 9MFY25)
• Net loss: ₹65.53 lacs (vs net profit of ₹187.48 lacs in 9MFY25)
• Total revenue: ₹13,862.15 lacs (vs ₹11,623.91 lacs in 9MFY25)

Financial Position and Capital Structure

The company's paid-up equity share capital remained stable at ₹3,629.31 lacs with a face value of ₹1 per share. Other equity reserves for standalone operations stood at ₹13,753.41 lacs for the nine-month period, while consolidated other equity was ₹12,671.17 lacs.

Under exceptional items, the company recorded an exchange fluctuation loss of ₹3.75 lacs arising from the restatement of liability towards Foreign Currency Convertible Bonds (FCCB) at the end of the quarter. The financial results were subject to limited review by statutory auditors J Madan & Associates, Chartered Accountants, who provided unqualified review reports for both standalone and consolidated results.

Ok Play Limited, a company listed on the Bombay Stock Exchange (BSE), has reported that three of its promoters have pledged a significant number of shares as collateral for loans taken by the company. This development, disclosed in a filing to the BSE under SEBI regulations, marks a notable change in the company's shareholding structure.

Details of the Share Pledge

The pledged shares, totaling 13 million and representing approximately 4.14% of the company's total share capital, were pledged by three key promoters:

1. Rishab Handa (Promoter Director): Pledged 5 million shares (1.59% of total share capital)
2. Raghav Handa (Promoter): Pledged 5 million shares (1.59% of total share capital)
3. Anandana Handa (Promoter): Pledged 3 million shares (0.96% of total share capital)

All three pledges were created with Indian Overseas Bank as the entity in whose favor the shares were encumbered.

Purpose and Implications

The company stated that the encumbrance was created as collateral for loans taken by Ok Play Limited. This move suggests that the company is leveraging its promoters' holdings to secure financing, which could be used for various corporate purposes such as expansion, working capital, or debt refinancing.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any creation, release, or invocation of encumbrance on shares of the target company.

Current Promoter Holdings

As per the disclosure, the promoters' holdings in Ok Play Limited prior to this event were as follows:

The pledge represents a portion of the holdings of Rishab, Raghav, and Anandana Handa, while not affecting the holdings of other promoters.

This share pledge transaction underscores the company's strategy in utilizing promoter holdings to secure financial resources. Investors and market watchers will likely monitor how this impacts Ok Play's financial position and future growth plans.