Disclosure under Regulation 31(1) and 31(2) of SEBI(SAST)Regulations,2011
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Awaiting price reaction for this filing.
OK Play India Ltd has disclosed that promoter-director Mr. Rajan Handa created a fresh pledge of 40,00,000 shares (1.12% of total share capital) with Badjate Stock Broking Private Limited on 22 April 2025, reportedly for margin purposes. Post this pledge, the promoter's total encumbered shares rose to 6,94,40,000 shares (19.40% of capital) from 6,54,40,000 (18.28%) earlier. Overall, encumbered shares now stand at 80.87% of the promoter's total holding of 8,58,68,620 shares (23.99% of capital), crossing both the 50% promoter-pledge threshold and the 20% of total capital threshold. Other existing pledges include 33.39% pledged with Indian Overseas Bank for company benefit, and smaller pledges with KR Choksey Financial Services and an individual, used for promoter personal/short-term business needs.
With over 80% of the promoter's shares already pledged, the stock carries meaningful risk of forced selling or margin calls if prices weaken — a concern given the promoter holding is only ~24% of the company. Retail investors should monitor share price action and any further encumbrance disclosures closely.