Disclosure received from Mr. Rishab Handa-Promoter Director, Mr. Raghav Handa- Promoter and Ms. Anandana Handa- Promoter under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition ....
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OK Play India Ltd has disclosed that three of its promoters — Rishab Handa, Raghav Handa, and Anandana Handa — created fresh pledges on their shares on 23 September 2025 with Indian Overseas Bank. The pledges cover roughly 1.3 crore shares in total (about 4.14% of share capital), taken as collateral for loans availed by the company. Rishab and Raghav Handa each pledged 50 lakh shares (~1.38% each), while Anandana Handa pledged 30 lakh shares (~1.38%). The filing was made under SEBI's Takeover Regulations for encumbrance disclosure, and the existing promoter group continues to hold a combined stake of roughly 47% of the company.
This is a routine encumbrance disclosure, not a sale or dilution. However, pledging promoter shares raises the borrowed shares on the company's books and slightly increases the risk for shareholders if the company faces financial stress, since pledged shares could be invoked by the lender. The total promoter holding remains below 50%, so no takeover threshold issues are triggered.