Intimation under regulation 30 of SEBI (LODR) Regulation, 2015
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OK Play India Ltd informed the stock exchange that its subsidiary, MRH Technologies Private Limited, has issued new equity shares to new investors, diluting OK Play's stake. As a result of this dilution, MRH Technologies will no longer be classified as a subsidiary of OK Play India but will continue as an Associate Company. The transaction was carried out on 26th May 2025, and the company has made the disclosure under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30. No financial details of the new investors or the size of the dilution have been disclosed in this filing.
Shareholders should note that OK Play has lost full control over MRH Technologies, which is now an associate rather than a subsidiary. The financial impact on consolidated earnings may be limited going forward, as associate companies are accounted for differently than subsidiaries, but further clarity on MRH's business contribution would help assess the effect.