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:

1. Mr. Gaurav Chopra
2. 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.

OK Play India Limited , a leading player in the Indian toy manufacturing sector, has reported a significant turnaround in its financial performance for the first quarter of the fiscal year 2025-26. The company's board approved the unaudited financial results for the quarter ended June 30, 2025, revealing substantial growth in revenue and a return to profitability.

Financial Highlights

The company's standalone financial results for Q1 FY2026 show remarkable improvement:

OK Play India Limited reported a standalone revenue from operations of Rs 564.54 lacs for the quarter, more than doubling from Rs 252.80 lacs in the previous quarter. This represents a significant year-over-year growth of 123.31%.

The company's bottom line also showed a marked improvement, with a net profit of Rs 3.64 lacs, compared to a loss of Rs 105.75 lacs in the prior quarter. This turnaround in profitability is a positive sign for the company's financial health.

Preferential Issue and Equity Allotment

During the quarter, OK Play India Limited successfully raised Rs 5.062 crore through a preferential issue on June 27, 2025. The company also allotted 50,00,000 equity shares pursuant to warrant conversion. This capital infusion is expected to support the company's expansion plans, working capital requirements, debt repayment, and general corporate purposes.

Corporate Restructuring

The company announced that MRH Technologies Private Limited ceased to be a subsidiary effective May 26, 2025. This change in the corporate structure may impact the company's consolidated financial results going forward.

Exceptional Items

OK Play India Limited recorded exceptional items during the quarter, including:

• An exchange fluctuation loss of Rs 0.60 lacs
• A debit balance written off of Rs 8.22 lacs

These exceptional items were factored into the company's financial results for the quarter.

Utilization of Funds

The company reported no deviation in the utilization of funds raised through the preferential issue. The audit committee confirmed that the funds are being used as per the stated objectives, which include supporting business expansion, meeting working capital needs, repaying short-term and long-term borrowings, and general corporate purposes.

Conclusion

OK Play India Limited's Q1 FY2026 results demonstrate a strong recovery, with significant revenue growth and a return to profitability. The successful completion of the preferential issue provides the company with additional capital to fuel its growth strategies.

The company's board meeting for approving these results commenced at 2:00 P.M. and concluded at 3:30 P.M. on August 14, 2025.