Disclosure under Regulation 31(1) and 31(2) of SEBI(SAST)Regulations,2011
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.7 pts less than its Consumer Durables peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.